Blue Trust Inc. Has $84,000 Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Blue Trust Inc. grew its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 309.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 180 shares of the financial services provider’s stock after purchasing an additional 136 shares during the quarter. Blue Trust Inc.’s holdings in Kinsale Capital Group were worth $84,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Thrivent Financial for Lutherans raised its holdings in Kinsale Capital Group by 0.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 729,508 shares of the financial services provider’s stock valued at $281,065,000 after buying an additional 6,331 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its position in Kinsale Capital Group by 14.0% during 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 purchasing an additional 52,218 shares during the last quarter. DAVENPORT & Co LLC lifted its holdings 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 buying an additional 1,286 shares during the period. Champlain Investment Partners LLC lifted its holdings in Kinsale Capital Group by 58.9% during the 1st quarter. Champlain Investment Partners LLC now owns 243,474 shares of the financial services provider’s stock worth $127,761,000 after buying an additional 90,209 shares during the period. Finally, Natixis Advisors LLC grew its position in shares of Kinsale Capital Group by 10.3% in the 2nd quarter. Natixis Advisors LLC now owns 159,009 shares of the financial services provider’s stock valued at $61,263,000 after buying an additional 14,878 shares during the last quarter. 85.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KNSL. Royal Bank of Canada lowered their price objective on Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating for the company in a research report on Monday. JPMorgan Chase & Co. dropped their price target on shares of Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Oppenheimer assumed coverage on shares of Kinsale Capital Group in a research report on Friday, July 12th. They set a “market perform” rating for the company. Wolfe Research upgraded shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 target price on the stock in a report on Monday. Finally, Jefferies Financial Group increased their price target on Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $455.88.

Kinsale Capital Group Trading Down 1.0 %

KNSL opened at $433.79 on Wednesday. The company has a market cap of $10.10 billion, a P/E ratio of 28.82, a price-to-earnings-growth ratio of 2.03 and a beta of 1.08. The company has a fifty day moving average price of $466.12 and a two-hundred day moving average price of $427.41. 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, Inc. has a 1-year low of $325.01 and a 1-year high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share for the quarter, topping analysts’ consensus estimates of $3.60 by $0.60. The business had revenue of $418.06 million for the quarter, compared to the consensus estimate of $359.43 million. Kinsale Capital Group had a return on equity of 30.33% and a net margin of 26.08%. The firm’s revenue for the quarter was up 33.0% on a year-over-year basis. During the same period in the prior year, the business earned $3.31 EPS. Analysts predict that Kinsale Capital Group, Inc. will post 15.05 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date of this dividend was Thursday, August 29th. Kinsale Capital Group’s dividend payout ratio is currently 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.