EverSource Wealth Advisors LLC Buys 155 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

EverSource Wealth Advisors LLC grew its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 127.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 277 shares of the financial services provider’s stock after purchasing an additional 155 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Kinsale Capital Group were worth $107,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in KNSL. Headlands Technologies LLC purchased a new stake in Kinsale Capital Group during the 1st quarter valued at $25,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Kinsale Capital Group during the fourth quarter worth about $33,000. Trust Co. of Vermont grew its stake in shares of 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 last quarter. Quarry LP purchased a new position in Kinsale Capital Group during the 4th quarter valued at about $40,000. Finally, SouthState Corp bought a new position in Kinsale Capital Group during the 2nd quarter valued at approximately $65,000. Institutional investors own 85.36% of the company’s stock.

Analyst Upgrades and Downgrades

KNSL has been the topic of a number of recent analyst reports. Royal Bank of Canada lifted their price objective 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. JPMorgan Chase & Co. boosted their price objective on shares of Kinsale Capital Group from $400.00 to $420.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. Oppenheimer initiated coverage on shares of Kinsale Capital Group in a report on Friday, July 12th. They issued a “market perform” rating for the company. Truist Financial lifted their target price on shares of Kinsale Capital Group from $440.00 to $485.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Finally, Wolfe Research downgraded shares of Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, September 16th. Eight research analysts have rated the stock with a hold rating and one has 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 an average price target of $432.29.

Kinsale Capital Group Trading Up 0.2 %

NYSE:KNSL opened at $449.77 on Friday. The firm has a market capitalization of $10.48 billion, a P/E ratio of 29.89, a PEG ratio of 2.02 and a beta of 1.08. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.13 and a quick ratio of 0.13. Kinsale Capital Group, Inc. has a one year low of $325.01 and a one year high of $548.47. The company’s 50-day simple moving average is $455.48 and its 200 day simple moving average is $433.13.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $3.75 earnings per share for the quarter, topping the consensus estimate of $3.52 by $0.23. The company had revenue of $384.55 million for the quarter, compared to the consensus estimate of $410.20 million. Kinsale Capital Group had a return on equity of 30.33% and a net margin of 26.08%. The firm’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.88 EPS. As a group, analysts forecast that Kinsale Capital Group, Inc. will post 15.31 EPS 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. Stockholders of record on Thursday, August 29th were given a $0.15 dividend. 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 dividend payout ratio is presently 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.