Bank of Montreal Can Has $4.97 Million Stock Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Bank of Montreal Can lifted its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 143.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,635 shares of the financial services provider’s stock after acquiring an additional 7,440 shares during the period. Bank of Montreal Can owned approximately 0.05% of Kinsale Capital Group worth $4,972,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of KNSL. Headlands Technologies LLC acquired a new stake in shares of Kinsale Capital Group in the first quarter worth $25,000. Brown Brothers Harriman & Co. bought a new position in Kinsale Capital Group in the fourth quarter worth $33,000. Trust Co. of Vermont lifted its position in Kinsale Capital Group by 113.6% in the second quarter. Trust Co. of Vermont now owns 94 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 50 shares during the period. Quarry LP bought a new position in Kinsale Capital Group in the fourth quarter worth $40,000. Finally, EverSource Wealth Advisors LLC lifted its position in Kinsale Capital Group by 713.3% in the first quarter. EverSource Wealth Advisors LLC now owns 122 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 107 shares during the period. Institutional investors and hedge funds own 85.36% of the company’s stock.

Analysts Set New Price Targets

KNSL has been the subject of several research reports. JPMorgan Chase & Co. raised 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. Royal Bank of Canada raised their target price on Kinsale Capital Group from $425.00 to $455.00 and gave the stock a “sector perform” rating in a research 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. Truist Financial lifted their price objective on Kinsale Capital Group from $485.00 to $530.00 and gave the company a “buy” rating in a report on Friday, September 27th. Finally, Oppenheimer assumed coverage on Kinsale Capital Group in a report on Friday, July 12th. They set a “market perform” rating for the company. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $438.71.

Kinsale Capital Group Stock Up 2.3 %

Shares of NYSE KNSL opened at $476.24 on Wednesday. The firm’s 50-day simple moving average is $460.36 and its 200 day simple moving average is $431.53. The company has a market cap of $11.08 billion, a price-to-earnings ratio of 31.64, a price-to-earnings-growth 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. Kinsale Capital Group, Inc. has a 12-month low of $325.01 and a 12-month high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last issued 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. The business had revenue of $384.55 million for the quarter, compared to the consensus estimate of $410.20 million. Kinsale Capital Group had a net margin of 26.08% and a return on equity of 30.33%. The firm’s quarterly revenue was up 30.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.88 EPS. On average, research 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 given a dividend of $0.15 per share. The ex-dividend date of this dividend was 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 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.