Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Bought by Blair William & Co. IL

Blair William & Co. IL boosted its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 53.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,439 shares of the financial services provider’s stock after buying an additional 14,090 shares during the period. Blair William & Co. IL owned 0.17% of Kinsale Capital Group worth $15,580,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Cim LLC purchased a new position in shares of Kinsale Capital Group in the fourth quarter worth about $1,934,000. Axiom Investors LLC DE boosted its holdings in shares of Kinsale Capital Group by 116.3% during the 4th quarter. Axiom Investors LLC DE now owns 44,135 shares of the financial services provider’s stock worth $14,781,000 after purchasing an additional 23,728 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of Kinsale Capital Group by 113.0% in the first quarter. Janney Montgomery Scott LLC now owns 4,094 shares of the financial services provider’s stock valued at $2,148,000 after purchasing an additional 2,172 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Kinsale Capital Group by 129.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 44,232 shares of the financial services provider’s stock valued at $14,814,000 after purchasing an additional 24,992 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in Kinsale Capital Group by 249.2% during the second quarter. Harbor Capital Advisors Inc. now owns 5,350 shares of the financial services provider’s stock worth $2,061,000 after buying an additional 3,818 shares in the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on KNSL shares. Oppenheimer initiated coverage on Kinsale Capital Group in a research note on Friday, July 12th. They issued a “market perform” rating for the company. Royal Bank of Canada lifted their target price on shares of 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 increased their price target on shares of Kinsale Capital Group from $440.00 to $485.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Wolfe Research lowered shares of Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a research report on Monday. Finally, JPMorgan Chase & Co. upped their price objective on Kinsale Capital Group from $400.00 to $420.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $443.38.

Kinsale Capital Group Trading Up 0.1 %

KNSL opened at $453.81 on Friday. Kinsale Capital Group, Inc. has a 52 week low of $325.01 and a 52 week high of $548.47. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.15. The business has a fifty day simple moving average of $450.89 and a 200-day simple moving average of $436.01. The firm has a market cap of $10.56 billion, a P/E ratio of 30.15, a P/E/G ratio of 1.98 and a beta of 1.08.

Kinsale Capital Group (NYSE:KNSL) last announced its earnings results on Thursday, July 25th. The financial services provider reported $3.75 EPS for the quarter, beating analysts’ consensus estimates of $3.52 by $0.23. The company had revenue of $384.55 million during the quarter, compared to analysts’ expectations of $410.20 million. Kinsale Capital Group had a return on equity of 30.33% and a net margin of 26.08%. Kinsale Capital Group’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same period last year, the business posted $2.88 EPS. On average, equities analysts expect that Kinsale Capital Group, Inc. will post 15.31 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

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 dividend yield of 0.13%. The ex-dividend date of this dividend was Thursday, August 29th. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 3.99%.

Kinsale Capital Group Company 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.