Inspire Investing LLC Increases Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Inspire Investing LLC lifted its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 8.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,781 shares of the financial services provider’s stock after purchasing an additional 461 shares during the period. Inspire Investing LLC’s holdings in Kinsale Capital Group were worth $2,227,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Headlands Technologies LLC purchased a new position in shares of Kinsale Capital Group in the 1st quarter valued at about $25,000. Brown Brothers Harriman & Co. purchased a new position in shares of Kinsale Capital Group in the 4th quarter valued at about $33,000. Trust Co. of Vermont increased its stake in shares of Kinsale Capital Group by 113.6% in the 2nd quarter. Trust Co. of Vermont now owns 94 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 50 shares in the last quarter. Quarry LP purchased a new position in shares of Kinsale Capital Group in the 4th quarter valued at about $40,000. Finally, Principal Securities Inc. purchased a new position in shares of Kinsale Capital Group in the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on KNSL shares. JPMorgan Chase & Co. boosted their price objective on Kinsale Capital Group from $400.00 to $420.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Oppenheimer started coverage on Kinsale Capital Group in a research note on Friday, July 12th. They set a “market perform” rating for the company. Royal Bank of Canada boosted their price objective on Kinsale Capital Group from $425.00 to $455.00 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. Truist Financial boosted their price objective on Kinsale Capital Group from $440.00 to $485.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Finally, Wolfe Research lowered Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a research note on Monday. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Kinsale Capital Group has an average rating of “Hold” and an average price target of $443.38.

Kinsale Capital Group Trading Down 0.4 %

Shares of Kinsale Capital Group stock opened at $453.60 on Thursday. The stock has a market cap of $10.56 billion, a P/E ratio of 30.14, a P/E/G ratio of 1.98 and a beta of 1.08. The stock’s 50 day simple moving average is $449.44 and its 200-day simple moving average is $435.89. Kinsale Capital Group, Inc. has a 1-year low of $325.01 and a 1-year high of $548.47. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.13 and a quick ratio of 0.13.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, July 25th. The financial services provider reported $3.75 earnings per share for the quarter, topping the consensus estimate of $3.52 by $0.23. Kinsale Capital Group had a return on equity of 30.33% and a net margin of 26.08%. The business had revenue of $384.55 million for the quarter, compared to analysts’ expectations of $410.20 million. During the same period in the previous year, the firm posted $2.88 EPS. The business’s revenue for the quarter was up 30.0% compared to the same quarter last year. Analysts predict that Kinsale Capital Group, Inc. will post 15.31 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date of this dividend was Thursday, August 29th. Kinsale Capital Group’s dividend payout ratio is presently 3.99%.

Kinsale Capital Group Profile

Kinsale Capital Group, Inc, a specialty insurance company, engages in the provision of property and casualty insurance products in the United States. The company's commercial lines offerings include commercial property, small business casualty and property, excess and general casualty, construction, allied health, life sciences, entertainment, energy, environmental, excess professional, health care, public entity, commercial auto, inland marine, aviation, ocean marine, product recall, and railroad, as well as product, professional, and management liability insurance.