Thrivent Financial for Lutherans Buys 6,331 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Thrivent Financial for Lutherans raised its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 729,508 shares of the financial services provider’s stock after buying an additional 6,331 shares during the period. Kinsale Capital Group comprises about 0.6% of Thrivent Financial for Lutherans’ portfolio, making the stock its 14th biggest position. Thrivent Financial for Lutherans owned 3.13% of Kinsale Capital Group worth $281,065,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in KNSL. Cim LLC acquired a new stake in Kinsale Capital Group during the 4th quarter worth about $1,934,000. Axiom Investors LLC DE increased its holdings in Kinsale Capital Group by 116.3% in the fourth 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 in the last quarter. Janney Montgomery Scott LLC lifted its stake in 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 buying an additional 2,172 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Kinsale Capital Group by 129.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 44,232 shares of the financial services provider’s stock worth $14,814,000 after buying an additional 24,992 shares during the period. Finally, Harbor Capital Advisors Inc. grew its position in shares of Kinsale Capital Group by 249.2% during the 2nd 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 during the period. Institutional investors and hedge funds own 85.36% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on KNSL. Oppenheimer began coverage on shares of Kinsale Capital Group in a research note on Friday, July 12th. They set a “market perform” rating on the stock. JPMorgan Chase & Co. raised their target price on Kinsale Capital Group from $400.00 to $420.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Wolfe Research downgraded Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, September 16th. Truist Financial raised their price objective on Kinsale Capital Group from $440.00 to $485.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Finally, Royal Bank of Canada boosted their price objective on Kinsale Capital Group from $425.00 to $455.00 and gave the company a “sector perform” rating in a report on Monday, July 29th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $443.38.

Kinsale Capital Group Stock Performance

Shares of Kinsale Capital Group stock opened at $450.89 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 50 day moving average price of $452.13 and a 200-day moving average price of $435.50. The company has a market cap of $10.49 billion, a PE ratio of 29.96, a price-to-earnings-growth ratio of 1.98 and a beta of 1.08.

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

Kinsale Capital Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a $0.15 dividend. The ex-dividend date was Thursday, August 29th. This represents a $0.60 annualized dividend and a yield of 0.13%. Kinsale Capital Group’s dividend payout ratio (DPR) is 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.