2,880 Shares in Kinsale Capital Group, Inc. $KNSL Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,880 shares of the financial services provider’s stock, valued at approximately $1,225,000.

Other large investors also recently added to or reduced their stakes in the company. Root Financial Partners LLC bought a new position in shares of Kinsale Capital Group in the 3rd quarter valued at about $33,000. Darwin Wealth Management LLC bought a new stake in shares of Kinsale Capital Group during the second quarter worth approximately $38,000. VSM Wealth Advisory LLC acquired a new position in Kinsale Capital Group in the second quarter valued at approximately $39,000. Abich Financial Wealth Management LLC acquired a new position in Kinsale Capital Group in the third quarter valued at approximately $40,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in Kinsale Capital Group in the third quarter valued at approximately $43,000. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Kinsale Capital Group Stock Down 1.6%

Shares of NYSE KNSL opened at $372.50 on Monday. Kinsale Capital Group, Inc. has a 52-week low of $341.06 and a 52-week high of $512.76. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.08 and a current ratio of 0.08. The stock has a market cap of $8.62 billion, a P/E ratio of 17.19, a P/E/G ratio of 1.54 and a beta of 1.01. The firm has a 50 day moving average price of $392.31 and a 200 day moving average price of $408.82.

Kinsale Capital Group (NYSE:KNSL) last posted its earnings results on Thursday, February 12th. The financial services provider reported $5.81 earnings per share for the quarter, topping the consensus estimate of $5.30 by $0.51. The company had revenue of $483.27 million for the quarter, compared to analyst estimates of $467.66 million. Kinsale Capital Group had a net margin of 26.87% and a return on equity of 25.45%. During the same period last year, the business posted $4.62 earnings per share. Analysts expect that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group declared that its board has initiated a share repurchase plan on Thursday, December 11th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the financial services provider to purchase up to 2.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Kinsale Capital Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Thursday, February 26th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, February 26th. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.17. Kinsale Capital Group’s dividend payout ratio (DPR) is 4.61%.

Analysts Set New Price Targets

KNSL has been the subject of a number of analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Kinsale Capital Group from $450.00 to $410.00 and set a “neutral” rating for the company in a report on Monday, February 23rd. Morgan Stanley reissued an “overweight” rating on shares of Kinsale Capital Group in a research note on Tuesday, December 16th. Royal Bank Of Canada started coverage on Kinsale Capital Group in a research report on Tuesday, November 25th. They issued a “sector perform” rating and a $415.00 price target on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a $433.00 price objective on shares of Kinsale Capital Group in a research note on Friday, February 13th. Finally, Wall Street Zen downgraded Kinsale Capital Group from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $441.91.

About Kinsale Capital Group

Kinsale Capital Group, Inc (NYSE:KNSL) is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company’s product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.