Leibman Financial Services Inc. Acquires 24 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Leibman Financial Services Inc. raised its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 0.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,562 shares of the financial services provider’s stock after buying an additional 24 shares during the quarter. Kinsale Capital Group comprises about 1.5% of Leibman Financial Services Inc.’s holdings, making the stock its 29th largest position. Leibman Financial Services Inc.’s holdings in Kinsale Capital Group were worth $2,124,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Kinsale Capital Group by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 2,090,492 shares of the financial services provider’s stock valued at $700,127,000 after buying an additional 30,729 shares in the last quarter. Thrivent Financial for Lutherans raised its position in Kinsale Capital Group by 0.9% during the second quarter. Thrivent Financial for Lutherans now owns 729,508 shares of the financial services provider’s stock valued at $281,065,000 after purchasing an additional 6,331 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in Kinsale Capital Group by 14.0% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 426,418 shares of the financial services provider’s stock worth $164,291,000 after purchasing an additional 52,218 shares during the last quarter. DAVENPORT & Co LLC boosted its holdings in shares of Kinsale Capital Group by 0.4% in the 1st quarter. DAVENPORT & Co LLC now owns 327,664 shares of the financial services provider’s stock worth $173,095,000 after purchasing an additional 1,286 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Kinsale Capital Group by 5.7% during the 4th 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 last quarter. 85.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Royal Bank of Canada upped their target price on 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. Oppenheimer assumed coverage on shares of Kinsale Capital Group in a report on Friday, July 12th. They issued a “market perform” rating for the company. Truist Financial increased their target price on shares of Kinsale Capital Group from $485.00 to $530.00 and gave the company a “buy” rating in a report on Friday, September 27th. JPMorgan Chase & Co. boosted their price target on shares of Kinsale Capital Group from $400.00 to $420.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Finally, Wolfe Research lowered shares of Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, September 16th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $441.83.

Kinsale Capital Group Trading Up 2.5 %

NYSE:KNSL opened at $463.58 on Wednesday. The firm has a market capitalization of $10.79 billion, a P/E ratio of 30.80, a P/E/G ratio of 2.02 and a beta of 1.08. 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 company has a fifty day moving average of $467.57 and a 200 day moving average of $430.05. Kinsale Capital Group, Inc. has a 52 week low of $325.01 and a 52 week high of $548.47.

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, beating the consensus estimate of $3.52 by $0.23. The firm had revenue of $384.55 million during 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 company’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.88 earnings per share. On average, research analysts predict 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. Shareholders of record on Thursday, August 29th were issued a $0.15 dividend. 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 (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.