Oregon Public Employees Retirement Fund Has $1.77 Million Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Oregon Public Employees Retirement Fund reduced its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 16.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 4,593 shares of the financial services provider’s stock after selling 891 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Kinsale Capital Group were worth $1,770,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Headlands Technologies LLC bought a new stake in shares of Kinsale Capital Group during the 1st quarter valued at $25,000. Brown Brothers Harriman & Co. bought a new position in Kinsale Capital Group during the fourth quarter worth about $33,000. Trust Co. of Vermont grew its position 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 period. Quarry LP bought a new stake in shares of Kinsale Capital Group in the 4th quarter valued at about $40,000. Finally, Principal Securities Inc. acquired a new stake in shares of Kinsale Capital Group in the 4th quarter valued at approximately $44,000. 85.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on KNSL. Truist Financial boosted their price objective on shares of Kinsale Capital Group from $440.00 to $485.00 and gave the company a “buy” rating in a report on Monday, July 29th. JPMorgan Chase & Co. upped their price objective on shares of Kinsale Capital Group from $400.00 to $420.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. Royal Bank of Canada raised their price objective 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. TD Cowen initiated coverage on Kinsale Capital Group in a research note on Monday, May 20th. They issued a “hold” rating and a $403.00 target price for the company. Finally, Oppenheimer initiated coverage on Kinsale Capital Group in a research report on Friday, July 12th. They set a “market perform” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $443.38.

Kinsale Capital Group Stock Down 0.8 %

KNSL stock opened at $461.50 on Friday. The business has a 50-day moving average of $437.11 and a 200-day moving average of $439.16. Kinsale Capital Group, Inc. has a fifty-two week low of $325.01 and a fifty-two week high of $548.47. The stock has a market capitalization of $10.74 billion, a P/E ratio of 30.66, a P/E/G ratio of 2.14 and a beta of 1.08. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.13 and a quick ratio of 0.13.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly 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. The company had revenue of $384.55 million during 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 business’s quarterly revenue was up 30.0% on a year-over-year basis. During the same period last year, the business earned $2.88 EPS. On average, sell-side analysts anticipate that Kinsale Capital Group, Inc. will post 15.29 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is 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.