Dimensional Fund Advisors LP Decreases Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Dimensional Fund Advisors LP trimmed its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 1.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 178,227 shares of the financial services provider’s stock after selling 2,166 shares during the quarter. Dimensional Fund Advisors LP owned 0.77% of Kinsale Capital Group worth $68,669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Kinsale Capital Group by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 2,090,492 shares of the financial services provider’s stock worth $700,127,000 after buying an additional 30,729 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in Kinsale Capital Group by 14.0% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 426,418 shares of the financial services provider’s stock worth $164,291,000 after acquiring an additional 52,218 shares during the last quarter. DAVENPORT & Co LLC lifted its position in Kinsale Capital Group by 0.4% during the 1st quarter. DAVENPORT & Co LLC now owns 327,664 shares of the financial services provider’s stock worth $173,095,000 after acquiring an additional 1,286 shares during the period. Riverbridge Partners LLC grew its stake in Kinsale Capital Group by 25.4% during the 1st quarter. Riverbridge Partners LLC now owns 311,664 shares of the financial services provider’s stock valued at $163,543,000 after purchasing an additional 63,141 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Kinsale Capital Group by 5.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 291,339 shares of the financial services provider’s stock valued at $97,572,000 after purchasing an additional 15,718 shares during the period. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Kinsale Capital Group Stock Performance

Shares of KNSL stock opened at $460.63 on Friday. The company has a market capitalization of $10.72 billion, a P/E ratio of 30.49, a P/E/G ratio of 2.02 and a beta of 1.08. Kinsale Capital Group, Inc. has a 12-month low of $325.01 and a 12-month high of $548.47. The business’s 50 day moving average is $456.71 and its two-hundred day moving average is $433.25. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.15.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings results on Thursday, July 25th. The financial services provider reported $3.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.52 by $0.23. The firm had revenue of $384.55 million for the quarter, compared to analysts’ expectations 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 for the quarter was up 30.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.88 EPS. Analysts expect 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. Investors of record on Thursday, August 29th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, August 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.13%. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.99%.

Analyst Ratings Changes

KNSL has been the topic of a number of recent research reports. Oppenheimer assumed coverage on Kinsale Capital Group in a research report on Friday, July 12th. They issued a “market perform” rating on the stock. Royal Bank of Canada raised 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 report on Monday, July 29th. Truist Financial upped their price target on shares of Kinsale Capital Group from $485.00 to $530.00 and gave the company a “buy” rating in a report on Friday. Wolfe Research lowered Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, September 16th. Finally, JPMorgan Chase & Co. upped their target price 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. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $438.71.

About Kinsale Capital Group

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.