Stephens Inc. AR Increases Stock Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Stephens Inc. AR boosted its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 9.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 926 shares of the financial services provider’s stock after purchasing an additional 78 shares during the quarter. Stephens Inc. AR’s holdings in Kinsale Capital Group were worth $431,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Benjamin Edwards Inc. lifted its stake in Kinsale Capital Group by 9.9% in the 2nd quarter. Benjamin Edwards Inc. now owns 267 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 24 shares in the last quarter. Leibman Financial Services Inc. increased its holdings in shares of Kinsale Capital Group by 0.5% in the 3rd quarter. Leibman Financial Services Inc. now owns 4,562 shares of the financial services provider’s stock worth $2,124,000 after buying an additional 24 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of 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 buying an additional 28 shares during the last quarter. CWM LLC increased its holdings in shares of Kinsale Capital Group by 8.8% in the 3rd quarter. CWM LLC now owns 406 shares of the financial services provider’s stock worth $189,000 after buying an additional 33 shares during the last quarter. Finally, Hancock Whitney Corp increased its holdings 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 buying an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on KNSL. Oppenheimer began coverage on shares of Kinsale Capital Group in a report on Friday, July 12th. They issued a “market perform” rating on the stock. Jefferies Financial Group boosted their target price on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Wolfe Research upgraded shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 target price on the stock in a report on Monday, October 28th. Royal Bank of Canada reduced their target price on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. cut their price target on shares of Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Kinsale Capital Group presently has a consensus rating of “Hold” and a consensus price target of $455.88.

Kinsale Capital Group Stock Performance

Shares of NYSE:KNSL opened at $451.61 on Thursday. The company has a market capitalization of $10.52 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 1.83 and a beta of 1.09. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.13. Kinsale Capital Group, Inc. has a 12 month low of $325.01 and a 12 month high of $548.47. The firm’s 50-day moving average is $459.83 and its 200 day moving average is $426.75.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.60 by $0.60. The company had revenue of $418.06 million during the quarter, compared to analysts’ expectations of $359.43 million. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. The firm’s quarterly revenue was up 33.0% on a year-over-year basis. During the same period in the previous year, the company earned $3.31 EPS. Research analysts predict that Kinsale Capital Group, Inc. will post 15.48 EPS for the current year.

Kinsale Capital Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a $0.15 dividend. 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 3.42%.

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.