Lighthouse Investment Partners LLC Invests $1.29 Million in Kinsale Capital Group, Inc. (NYSE:KNSL)

Lighthouse Investment Partners LLC purchased a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,334 shares of the financial services provider’s stock, valued at approximately $1,285,000.

A number of other large investors have also recently bought and sold shares of the business. Benjamin Edwards Inc. grew its stake in shares of Kinsale Capital Group by 9.9% in the 2nd quarter. Benjamin Edwards Inc. now owns 267 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 24 shares during the last quarter. Rise Advisors LLC grew its position 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 valued at $95,000 after buying an additional 27 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in Kinsale Capital Group by 9.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 331 shares of the financial services provider’s stock valued at $128,000 after buying an additional 28 shares during the period. Personal CFO Solutions LLC raised its position in Kinsale Capital Group by 3.7% during the 4th 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 during the last quarter. Finally, Hancock Whitney Corp lifted its stake in shares of Kinsale Capital Group by 3.1% in the 1st quarter. Hancock Whitney Corp now owns 1,245 shares of the financial services provider’s stock worth $653,000 after acquiring an additional 38 shares during the period. Institutional investors and hedge funds own 85.36% of the company’s stock.

Kinsale Capital Group Stock Up 2.6 %

KNSL opened at $461.38 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.13 and a current ratio of 0.13. The company has a market cap of $10.74 billion, a price-to-earnings ratio of 30.66, a PEG ratio of 2.02 and a beta of 1.08. Kinsale Capital Group, Inc. has a one year low of $325.01 and a one year high of $548.47. The business’s fifty day moving average is $458.52 and its two-hundred day moving average is $432.93.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $3.75 EPS for the quarter, topping the consensus estimate of $3.52 by $0.23. Kinsale Capital Group had a net margin of 26.08% and a return on equity of 30.33%. The business had revenue of $384.55 million for the quarter, compared to analyst estimates of $410.20 million. During the same period in the previous year, the firm earned $2.88 EPS. The business’s revenue for the quarter was up 30.0% compared to the same quarter last year. Analysts anticipate that Kinsale Capital Group, Inc. will post 15.31 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were given a $0.15 dividend. The ex-dividend date was Thursday, August 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.13%. Kinsale Capital Group’s dividend payout ratio is presently 3.99%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on KNSL shares. Wolfe Research downgraded shares of 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 research report on Friday, July 12th. They set a “market perform” rating on the stock. JPMorgan Chase & Co. raised their price target on Kinsale Capital Group from $400.00 to $420.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Truist Financial upped their price objective on Kinsale Capital Group from $485.00 to $530.00 and gave the stock a “buy” rating in a report on Friday. Finally, Royal Bank of Canada raised their target price on Kinsale Capital Group from $425.00 to $455.00 and gave the company a “sector perform” rating in a report on Monday, July 29th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Kinsale Capital Group currently has an average rating of “Hold” and an average price target of $438.71.

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.