Cwm LLC Purchases 33 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Cwm LLC increased its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 8.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 406 shares of the financial services provider’s stock after acquiring an additional 33 shares during the quarter. Cwm LLC’s holdings in Kinsale Capital Group were worth $189,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of KNSL. Headlands Technologies LLC bought a new position in Kinsale Capital Group during the 1st quarter worth approximately $25,000. Trust Co. of Vermont raised its holdings in shares of Kinsale Capital Group by 113.6% in 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 during the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in Kinsale Capital Group by 225.7% during the third quarter. Massmutual Trust Co. FSB ADV now owns 114 shares of the financial services provider’s stock worth $53,000 after buying an additional 79 shares during the last quarter. American National Bank & Trust bought a new position in Kinsale Capital Group during the third quarter worth $55,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Kinsale Capital Group by 713.3% in the first quarter. EverSource Wealth Advisors LLC now owns 122 shares of the financial services provider’s stock valued at $64,000 after acquiring an additional 107 shares during the period. Institutional investors own 85.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on KNSL. Royal Bank of Canada boosted 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 research note on Monday, July 29th. Oppenheimer initiated coverage on shares of Kinsale Capital Group in a research report on Friday, July 12th. They issued a “market perform” rating for the company. JPMorgan Chase & Co. cut their price objective on shares of Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Jefferies Financial Group raised their price objective on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, Wolfe Research cut shares of Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, September 16th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $446.00.

Kinsale Capital Group Stock Performance

Kinsale Capital Group stock opened at $458.60 on Thursday. The firm’s fifty day moving average price is $469.39 and its 200-day moving average price is $427.88. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.13 and a current ratio of 0.13. The stock has a market cap of $10.67 billion, a P/E ratio of 30.47, a price-to-earnings-growth ratio of 2.05 and a beta of 1.08. Kinsale Capital Group, Inc. has a fifty-two week low of $325.01 and a fifty-two week high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results 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 company 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 was up 30.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.88 EPS. On average, equities research analysts expect that Kinsale Capital Group, Inc. will post 15.31 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date of this dividend was Thursday, August 29th. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 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.