815 Shares in Kinsale Capital Group, Inc. (NYSE:KNSL) Acquired by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd purchased a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 815 shares of the financial services provider’s stock, valued at approximately $314,000.

Other large investors have also added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in Kinsale Capital Group during the first quarter worth approximately $25,000. Trust Co. of Vermont grew its position in Kinsale Capital Group by 113.6% during the second 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 in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of Kinsale Capital Group in the 4th quarter valued at $33,000. Quarry LP acquired a new stake in shares of Kinsale Capital Group in the 4th quarter valued at $40,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Kinsale Capital Group by 713.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 122 shares of the financial services provider’s stock worth $64,000 after buying an additional 107 shares in the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

Wall Street Analyst Weigh In

KNSL has been the subject of a number of research analyst reports. Truist Financial boosted their price target on Kinsale Capital Group from $440.00 to $485.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Royal Bank of Canada boosted their price target on Kinsale Capital Group from $425.00 to $455.00 and gave the stock a “sector perform” rating in a report on Monday, July 29th. Wolfe Research cut Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a report on Monday, September 16th. Oppenheimer initiated coverage on Kinsale Capital Group in a report on Friday, July 12th. They set a “market perform” rating for the company. Finally, JPMorgan Chase & Co. boosted 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $432.29.

Kinsale Capital Group Trading Up 0.2 %

Shares of KNSL stock opened at $449.77 on Friday. 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 twelve month low of $325.01 and a twelve month high of $548.47. The firm has a market capitalization of $10.48 billion, a P/E ratio of 29.89, a P/E/G ratio of 2.02 and a beta of 1.08. The stock’s fifty day simple moving average is $455.48 and its 200 day simple moving average is $433.13.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $3.75 earnings per share for the quarter, beating analysts’ consensus estimates of $3.52 by $0.23. The business had revenue of $384.55 million during the quarter, compared to the consensus estimate of $410.20 million. Kinsale Capital Group had a return on equity of 30.33% and a net margin of 26.08%. Kinsale Capital Group’s quarterly revenue was up 30.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.88 earnings per share. As a group, sell-side analysts predict that Kinsale Capital Group, Inc. will post 15.31 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

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