National Bank of Canada FI Has $3.20 Million Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

National Bank of Canada FI grew its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 204,450.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,182 shares of the financial services provider’s stock after buying an additional 8,178 shares during the quarter. National Bank of Canada FI’s holdings in Kinsale Capital Group were worth $3,203,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its position in Kinsale Capital Group by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 136,198 shares of the financial services provider’s stock worth $45,614,000 after purchasing an additional 1,757 shares in the last quarter. Principal Securities Inc. acquired a new position in Kinsale Capital Group during the fourth quarter valued at $44,000. Avantax Advisory Services Inc. raised its position in Kinsale Capital Group by 4.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 957 shares of the financial services provider’s stock valued at $321,000 after buying an additional 41 shares during the period. Janney Montgomery Scott LLC lifted its stake in Kinsale Capital Group by 23.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 1,922 shares of the financial services provider’s stock worth $644,000 after acquiring an additional 368 shares in the last quarter. Finally, Navellier & Associates Inc. boosted its position in Kinsale Capital Group by 23.4% during the 4th quarter. Navellier & Associates Inc. now owns 2,906 shares of the financial services provider’s stock worth $973,000 after acquiring an additional 552 shares during the period. 85.36% of the stock is owned by hedge funds and other institutional investors.

Kinsale Capital Group Trading Down 0.7 %

Shares of NYSE:KNSL opened at $463.21 on Wednesday. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $10.79 billion, a PE ratio of 30.78, a P/E/G ratio of 2.01 and a beta of 1.08. Kinsale Capital Group, Inc. has a 1 year low of $325.01 and a 1 year high of $548.47. The firm has a fifty day moving average price of $440.24 and a 200 day moving average price of $437.77.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings results on Thursday, July 25th. The financial services provider reported $3.75 earnings per share (EPS) 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 company had revenue of $384.55 million during the quarter, compared to the consensus estimate of $410.20 million. During the same quarter in the prior year, the company posted $2.88 EPS. The firm’s revenue was up 30.0% on a year-over-year basis. Analysts expect that Kinsale Capital Group, Inc. will post 15.31 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

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

Wall Street Analyst Weigh In

KNSL has been the subject of a number of research analyst reports. TD Cowen began coverage on shares of Kinsale Capital Group in a research report on Monday, May 20th. They issued a “hold” rating and a $403.00 price target for the company. Oppenheimer assumed coverage on shares of Kinsale Capital Group in a research note on Friday, July 12th. They set a “market perform” rating for the company. Royal Bank of Canada upped their price target 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. Truist Financial lifted their price objective on Kinsale Capital Group from $440.00 to $485.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Finally, JPMorgan Chase & Co. upped 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. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $443.38.

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.