Amalgamated Bank Increases Stake in Kinsale Capital Group, Inc. (NYSE:KNSL)

Amalgamated Bank increased its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 1.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,368 shares of the financial services provider’s stock after acquiring an additional 133 shares during the quarter. Amalgamated Bank owned approximately 0.05% of Kinsale Capital Group worth $4,765,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in Kinsale Capital Group during the first quarter valued at approximately $25,000. Trust Co. of Vermont boosted its position in Kinsale Capital Group by 113.6% during the second 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. Brown Brothers Harriman & Co. purchased a new position in Kinsale Capital Group in the fourth quarter valued at about $33,000. Quarry LP bought a new position in Kinsale Capital Group in the fourth quarter worth about $40,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Kinsale Capital Group by 713.3% during the first quarter. EverSource Wealth Advisors LLC now owns 122 shares of the financial services provider’s stock valued at $64,000 after buying an additional 107 shares during the last quarter. 85.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on KNSL. Oppenheimer initiated coverage on shares of Kinsale Capital Group in a research note on Friday, July 12th. They set a “market perform” rating for the company. JPMorgan Chase & Co. upped their price target on Kinsale Capital Group from $400.00 to $420.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Wolfe Research cut Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, September 16th. Royal Bank of Canada upped their target price on Kinsale Capital Group from $425.00 to $455.00 and gave the company a “sector perform” rating in a research report on Monday, July 29th. Finally, Truist Financial raised their price target on Kinsale Capital Group from $440.00 to $485.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $432.29.

Kinsale Capital Group Trading Down 0.7 %

Shares of NYSE:KNSL opened at $450.64 on Friday. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.15. Kinsale Capital Group, Inc. has a 52-week low of $325.01 and a 52-week high of $548.47. The stock has a market cap of $10.49 billion, a price-to-earnings ratio of 29.94, a PEG ratio of 1.98 and a beta of 1.08. The business has a 50-day moving average price of $452.13 and a 200-day moving average price of $434.84.

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

Kinsale Capital Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.13%. The ex-dividend date was Thursday, August 29th. Kinsale Capital Group’s dividend payout ratio is currently 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.