Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Purchased by Algert Global LLC

Algert Global LLC increased its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 24.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,491 shares of the financial services provider’s stock after acquiring an additional 2,227 shares during the period. Algert Global LLC’s holdings in Kinsale Capital Group were worth $4,427,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Ascent Group LLC grew its holdings in Kinsale Capital Group by 70.3% during the second quarter. Ascent Group LLC now owns 6,862 shares of the financial services provider’s stock worth $2,644,000 after acquiring an additional 2,833 shares during the period. Sepio Capital LP grew its holdings in Kinsale Capital Group by 68.0% during the second quarter. Sepio Capital LP now owns 1,107 shares of the financial services provider’s stock worth $427,000 after acquiring an additional 448 shares during the period. Lighthouse Investment Partners LLC acquired a new position in Kinsale Capital Group during the second quarter worth $1,285,000. Millennium Management LLC grew its holdings in Kinsale Capital Group by 653.7% during the second quarter. Millennium Management LLC now owns 24,465 shares of the financial services provider’s stock worth $9,426,000 after acquiring an additional 21,219 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new stake in Kinsale Capital Group during the second quarter worth $314,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on KNSL. Oppenheimer began coverage on Kinsale Capital Group in a research report on Friday, July 12th. They set a “market perform” rating on the stock. Royal Bank of Canada boosted their target price on 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. JPMorgan Chase & Co. boosted their target price 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 downgraded Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, September 16th. Finally, Truist Financial boosted their target price on Kinsale Capital Group from $485.00 to $530.00 and gave the stock a “buy” rating in a research report on Friday. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Kinsale Capital Group presently has an average rating of “Hold” and a consensus price target of $438.71.

Kinsale Capital Group Stock Up 0.9 %

Shares of NYSE:KNSL opened at $465.57 on Tuesday. 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’s fifty day simple moving average is $458.52 and its 200-day simple moving average is $431.82. The company has a market capitalization of $10.84 billion, a P/E ratio of 30.93, a P/E/G ratio of 2.02 and a beta of 1.08.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results on Thursday, July 25th. The financial services provider reported $3.75 earnings per share for the quarter, topping the consensus estimate of $3.52 by $0.23. Kinsale Capital Group had a return on equity of 30.33% and a net margin of 26.08%. 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 prior year, the business posted $2.88 earnings per share. The firm’s revenue for the quarter was up 30.0% compared to the same quarter last year. As a group, equities research analysts forecast that Kinsale Capital Group, Inc. will post 15.31 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The firm also recently announced 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 yield of 0.13%. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 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.