Kinsale Capital Group, Inc. (NYSE:KNSL) Position Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 2.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,475 shares of the financial services provider’s stock after purchasing an additional 3,469 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Kinsale Capital Group were worth $69,126,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of KNSL. ORG Wealth Partners LLC bought a new stake in shares of Kinsale Capital Group in the 3rd quarter valued at approximately $26,000. UMB Bank n.a. lifted its stake in Kinsale Capital Group by 408.3% in the third quarter. UMB Bank n.a. now owns 61 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 49 shares during the last quarter. Trust Co. of Vermont grew 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 acquiring an additional 50 shares in the last quarter. Signaturefd LLC increased its stake in shares of Kinsale Capital Group by 68.9% during the 3rd quarter. Signaturefd LLC now owns 103 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 42 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its holdings in shares of Kinsale Capital Group by 225.7% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 114 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 79 shares in the last quarter. 85.36% of the stock is owned by institutional investors and hedge funds.

Kinsale Capital Group Price Performance

Shares of Kinsale Capital Group stock opened at $515.45 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.09 and a quick ratio of 0.09. The company has a market cap of $12.00 billion, a PE ratio of 29.39, a price-to-earnings-growth ratio of 2.15 and a beta of 1.09. The firm has a fifty day moving average price of $464.91 and a two-hundred day moving average price of $435.68. Kinsale Capital Group, Inc. has a fifty-two week low of $325.01 and a fifty-two week high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share for the quarter, beating the consensus estimate of $3.60 by $0.60. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. The business had revenue of $418.06 million during the quarter, compared to analysts’ expectations of $359.43 million. During the same quarter last year, the company earned $3.31 earnings per share. The firm’s revenue was up 33.0% on a year-over-year basis. Analysts expect that Kinsale Capital Group, Inc. will post 15.67 EPS for the current year.

Kinsale Capital Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.12%. The ex-dividend date of this dividend is Friday, November 29th. Kinsale Capital Group’s payout ratio is presently 3.42%.

Insider Activity at Kinsale Capital Group

In other Kinsale Capital Group news, Director Frederick L. Jr. Russell sold 4,440 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $499.31, for a total value of $2,216,936.40. Following the sale, the director now owns 447 shares of the company’s stock, valued at $223,191.57. The trade was a 90.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 5.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

KNSL has been the topic of several analyst reports. Royal Bank of Canada lowered 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 research report on Monday, October 28th. Wolfe Research raised Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price objective on the stock in a research note on Monday, October 28th. Jefferies Financial Group upped their target price on Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Truist Financial dropped their price target on shares of Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Finally, BMO Capital Markets raised their target price on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a research note on Thursday, November 21st. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $456.88.

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.