Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Bought by 1832 Asset Management L.P.

1832 Asset Management L.P. increased its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 41.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,673 shares of the financial services provider’s stock after buying an additional 9,268 shares during the period. 1832 Asset Management L.P. owned about 0.14% of Kinsale Capital Group worth $12,203,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of KNSL. Thrivent Financial for Lutherans raised its holdings in Kinsale Capital Group by 0.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 729,508 shares of the financial services provider’s stock valued at $281,065,000 after acquiring an additional 6,331 shares during the last quarter. Bridges Investment Management Inc. acquired a new position in Kinsale Capital Group in the second quarter valued at $642,000. Davidson Capital Management Inc. lifted its position in Kinsale Capital Group by 40.9% during the second quarter. Davidson Capital Management Inc. now owns 8,209 shares of the financial services provider’s stock worth $3,163,000 after buying an additional 2,381 shares during the period. Benjamin Edwards Inc. lifted its holdings in shares of Kinsale Capital Group by 9.9% during the 2nd quarter. Benjamin Edwards Inc. now owns 267 shares of the financial services provider’s stock worth $103,000 after acquiring an additional 24 shares during the period. Finally, Benjamin F. Edwards & Company Inc. boosted its position in shares of Kinsale Capital Group by 17.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 495 shares of the financial services provider’s stock worth $191,000 after acquiring an additional 74 shares during the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Analysts Set New Price Targets

KNSL has been the subject of several research analyst reports. Royal Bank of Canada upped their price target on shares of Kinsale Capital Group from $425.00 to $455.00 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. Truist Financial increased their target price on Kinsale Capital Group from $440.00 to $485.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Oppenheimer began coverage on Kinsale Capital Group in a research note on Friday, July 12th. They set a “market perform” rating for the company. JPMorgan Chase & Co. raised their price objective on Kinsale Capital Group from $400.00 to $420.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Finally, Wolfe Research cut Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a report on Monday, September 16th. Eight equities 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 presently has an average rating of “Hold” and a consensus target price of $432.29.

Kinsale Capital Group Price Performance

Shares of NYSE KNSL opened at $463.17 on Tuesday. 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, Inc. has a 1-year low of $325.01 and a 1-year high of $548.47. The company has a market capitalization of $10.78 billion, a price-to-earnings ratio of 30.78, a PEG ratio of 1.98 and a beta of 1.08. The business has a 50-day moving average of $453.43 and a 200-day moving average of $433.55.

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

Kinsale Capital Group Announces Dividend

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