Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Purchased by Amalgamated Bank

Amalgamated Bank increased its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 1.1% in the second quarter, HoldingsChannel.com reports. The firm owned 12,368 shares of the financial services provider’s stock after buying an additional 133 shares during the quarter. Amalgamated Bank’s holdings in Kinsale Capital Group were worth $4,765,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of KNSL. Rise Advisors LLC boosted its holdings in Kinsale Capital Group by 17.5% in the 1st quarter. Rise Advisors LLC now owns 181 shares of the financial services provider’s stock worth $95,000 after buying an additional 27 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in Kinsale Capital Group by 9.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 331 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 28 shares during the last quarter. Personal CFO Solutions LLC grew its holdings in shares of Kinsale Capital Group by 3.7% during the fourth quarter. Personal CFO Solutions LLC now owns 984 shares of the financial services provider’s stock worth $330,000 after buying an additional 35 shares in the last quarter. Hancock Whitney Corp raised its position in shares of Kinsale Capital Group by 3.1% in the first quarter. Hancock Whitney Corp now owns 1,245 shares of the financial services provider’s stock valued at $653,000 after buying an additional 38 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. lifted its stake in shares of Kinsale Capital Group by 6.1% in the second quarter. Total Clarity Wealth Management Inc. now owns 691 shares of the financial services provider’s stock worth $266,000 after buying an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Stock Down 0.7 %

Kinsale Capital Group stock opened at $450.64 on Friday. The firm has a market capitalization of $10.49 billion, a P/E ratio of 29.94, a P/E/G ratio of 1.98 and a beta of 1.08. The stock’s fifty day simple moving average is $452.13 and its 200-day simple moving average is $434.84. Kinsale Capital Group, Inc. has a twelve month low of $325.01 and a twelve month high of $548.47. 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 (NYSE:KNSL) last released its quarterly earnings data 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. The business had revenue of $384.55 million during the quarter, compared to analysts’ expectations of $410.20 million. Kinsale Capital Group had a return on equity of 30.33% and a net margin of 26.08%. The business’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.88 EPS. As a group, equities analysts expect that Kinsale Capital Group, Inc. will post 15.31 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date was Thursday, August 29th. Kinsale Capital Group’s dividend payout ratio is currently 3.99%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Truist Financial upped their price objective on shares of Kinsale Capital Group from $440.00 to $485.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Oppenheimer initiated coverage on Kinsale Capital Group in a report on Friday, July 12th. They issued a “market perform” rating for the company. Royal Bank of Canada boosted 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. Wolfe Research downgraded Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, September 16th. Finally, JPMorgan Chase & Co. lifted their price target on Kinsale Capital Group from $400.00 to $420.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Kinsale Capital Group currently has an average rating of “Hold” and a consensus price target of $432.29.

About Kinsale Capital Group

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.