Marshall Wace LLP Acquires 5,619 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Marshall Wace LLP grew its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 57.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 15,370 shares of the financial services provider’s stock after buying an additional 5,619 shares during the period. Marshall Wace LLP’s holdings in Kinsale Capital Group were worth $5,922,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Benjamin Edwards Inc. boosted its holdings in shares of Kinsale Capital Group by 9.9% during the 2nd quarter. Benjamin Edwards Inc. now owns 267 shares of the financial services provider’s stock valued at $103,000 after buying an additional 24 shares in the last quarter. Rise Advisors LLC boosted its stake 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 purchasing an additional 27 shares in the last quarter. Parkside Financial Bank & Trust boosted 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 worth $128,000 after purchasing an additional 28 shares in the last quarter. Personal CFO Solutions LLC boosted its stake in Kinsale Capital Group by 3.7% in the 4th quarter. Personal CFO Solutions LLC now owns 984 shares of the financial services provider’s stock worth $330,000 after purchasing an additional 35 shares in the last quarter. Finally, Hancock Whitney Corp boosted its stake in 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 purchasing an additional 38 shares in the last quarter. Institutional investors own 85.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on KNSL shares. Oppenheimer started coverage on shares of Kinsale Capital Group in a research note on Friday, July 12th. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. upped their price target on shares of Kinsale Capital Group from $400.00 to $420.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Royal Bank of Canada upped their target price on shares of Kinsale Capital Group from $425.00 to $455.00 and gave the company a “sector perform” rating in a research note on Monday, July 29th. Truist Financial upped their target price on shares of Kinsale Capital Group from $485.00 to $530.00 and gave the company a “buy” rating in a research note on Friday. Finally, Wolfe Research cut shares of Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, September 16th. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Kinsale Capital Group has an average rating of “Hold” and an average price target of $438.71.

Kinsale Capital Group Price Performance

NYSE KNSL opened at $465.57 on Tuesday. Kinsale Capital Group, Inc. has a 52 week low of $325.01 and a 52 week high of $548.47. The firm has a market capitalization of $10.84 billion, a P/E ratio of 30.66, a PEG ratio of 2.02 and a beta of 1.08. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average price of $458.52 and a 200-day moving average price of $431.82.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings results on Thursday, July 25th. The financial services provider reported $3.75 EPS for the quarter, beating 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 firm had revenue of $384.55 million during the quarter, compared to analyst estimates of $410.20 million. During the same quarter in the prior 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. Equities research analysts anticipate that Kinsale Capital Group, Inc. will post 15.31 earnings per share for the current 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 dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.13%. The ex-dividend date of this dividend was Thursday, August 29th. Kinsale Capital Group’s payout ratio is currently 3.99%.

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.