Signaturefd LLC Boosts Stake in Kinsale Capital Group, Inc. (NYSE:KNSL)

Signaturefd LLC lifted its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 68.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 103 shares of the financial services provider’s stock after acquiring an additional 42 shares during the quarter. Signaturefd LLC’s holdings in Kinsale Capital Group were worth $48,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of KNSL. Headlands Technologies LLC purchased a new position in Kinsale Capital Group in the 1st quarter valued at about $25,000. ORG Wealth Partners LLC acquired a new stake in Kinsale Capital Group in the 3rd quarter valued at about $26,000. UMB Bank n.a. raised its holdings in Kinsale Capital Group by 408.3% in the 3rd quarter. UMB Bank n.a. now owns 61 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 49 shares during the last quarter. Trust Co. of Vermont increased its holdings in shares of Kinsale Capital Group by 113.6% during the 2nd quarter. Trust Co. of Vermont now owns 94 shares of the financial services provider’s stock worth $36,000 after buying an additional 50 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its holdings in shares of Kinsale Capital Group by 225.7% during the 3rd 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. 85.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on KNSL shares. Oppenheimer started coverage on shares of Kinsale Capital Group in a report on Friday, July 12th. They set a “market perform” rating for the company. JPMorgan Chase & Co. cut their price target 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. Truist Financial cut their price target on shares of Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating for the company in a report on Monday. Jefferies Financial Group raised their price target 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, Royal Bank of Canada cut their price target on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating for the company in a report on Monday. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Kinsale Capital Group currently has an average rating of “Hold” and a consensus target price of $455.88.

Kinsale Capital Group Stock Performance

Shares of KNSL stock opened at $433.79 on Wednesday. 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 has a market capitalization of $10.10 billion, a PE ratio of 28.82, a P/E/G ratio of 2.03 and a beta of 1.08. The firm has a 50 day moving average of $466.12 and a two-hundred day moving average of $427.41.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.20 EPS for the quarter, beating the consensus estimate of $3.60 by $0.60. Kinsale Capital Group had a net margin of 26.08% and a return on equity of 30.33%. The company had revenue of $418.06 million during the quarter, compared to analysts’ expectations of $359.43 million. During the same quarter last year, the company posted $3.31 EPS. The firm’s revenue was up 33.0% compared to the same quarter last year. On average, research analysts predict that Kinsale Capital Group, Inc. will post 15.05 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a $0.15 dividend. The ex-dividend date was Thursday, August 29th. This represents a $0.60 annualized dividend and a yield of 0.14%. Kinsale Capital Group’s dividend payout ratio 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.