15,392 Shares in Kinsale Capital Group, Inc. $KNSL Acquired by Aquatic Capital Management LLC

Aquatic Capital Management LLC acquired a new position in Kinsale Capital Group, Inc. (NYSE:KNSL) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 15,392 shares of the financial services provider’s stock, valued at approximately $6,546,000. Aquatic Capital Management LLC owned 0.07% of Kinsale Capital Group as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Johnson Financial Group Inc. raised its holdings in shares of Kinsale Capital Group by 257.1% in the 3rd quarter. Johnson Financial Group Inc. now owns 75 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 54 shares in the last quarter. Root Financial Partners LLC purchased a new stake in Kinsale Capital Group in the 3rd quarter worth approximately $33,000. Darwin Wealth Management LLC acquired a new stake in Kinsale Capital Group during the second quarter valued at $38,000. VSM Wealth Advisory LLC bought a new stake in shares of Kinsale Capital Group in the 2nd quarter valued at approximately $39,000. Finally, Abich Financial Wealth Management LLC bought a new stake in Kinsale Capital Group in the third quarter worth approximately $40,000. 85.36% of the stock is owned by institutional investors and hedge funds.

Kinsale Capital Group Stock Performance

Shares of NYSE:KNSL opened at $362.76 on Monday. The stock has a market capitalization of $8.40 billion, a price-to-earnings ratio of 16.74, a price-to-earnings-growth ratio of 1.50 and a beta of 1.01. The business’s fifty day moving average price is $389.19 and its two-hundred day moving average price is $405.56. Kinsale Capital Group, Inc. has a fifty-two week low of $341.06 and a fifty-two week high of $512.76. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.08 and a quick ratio of 0.08.

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. Kinsale Capital Group had a net margin of 26.87% and a return on equity of 25.45%. The business had revenue of $483.27 million for the quarter, compared to analyst estimates of $467.66 million. During the same quarter in the prior year, the firm earned $4.62 EPS. As a group, analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Thursday, February 26th were issued a $0.25 dividend. This is an increase from Kinsale Capital Group’s previous quarterly dividend of $0.17. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Thursday, February 26th. Kinsale Capital Group’s dividend payout ratio (DPR) is 4.61%.

Kinsale Capital Group declared that its board has initiated a stock repurchase plan on Thursday, December 11th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the financial services provider to reacquire up to 2.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Royal Bank Of Canada initiated coverage on Kinsale Capital Group in a research note on Tuesday, November 25th. They set a “sector perform” rating and a $415.00 price target for the company. Weiss Ratings restated a “hold (c)” rating on shares of Kinsale Capital Group in a report on Monday, December 29th. Wells Fargo & Company initiated coverage on Kinsale Capital Group in a research report on Thursday, January 15th. They set an “overweight” rating and a $490.00 target price for the company. JPMorgan Chase & Co. dropped their price target on shares of Kinsale Capital Group from $450.00 to $410.00 and set a “neutral” rating on the stock in a research report on Monday, February 23rd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Kinsale Capital Group in a report on Tuesday, December 16th. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $441.91.

Kinsale Capital Group Company Profile

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.