Cetera Investment Advisers Has $2.72 Million Stock Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Cetera Investment Advisers raised its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 40.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,064 shares of the financial services provider’s stock after purchasing an additional 2,043 shares during the period. Cetera Investment Advisers’ holdings in Kinsale Capital Group were worth $2,722,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in Kinsale Capital Group during the first quarter valued at approximately $25,000. 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 acquiring an additional 50 shares during the last quarter. Quarry LP acquired a new stake in shares of Kinsale Capital Group in the fourth quarter worth $40,000. EverSource Wealth Advisors LLC grew its stake in shares of 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 acquiring an additional 107 shares during the last quarter. Finally, SouthState Corp acquired a new stake in shares of Kinsale Capital Group in the second quarter worth $65,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

Kinsale Capital Group Stock Up 0.8 %

Shares of NYSE KNSL opened at $469.61 on Friday. The stock has a market cap of $10.94 billion, a PE ratio of 29.54, a PEG ratio of 2.05 and a beta of 1.08. The business has a fifty day moving average of $468.23 and a two-hundred day moving average of $430.16. Kinsale Capital Group, Inc. has a 52-week low of $325.01 and a 52-week high of $548.47. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.13 and a current ratio of 0.13.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $3.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.52 by $0.23. The company had revenue of $384.55 million during the quarter, compared to analysts’ expectations of $410.20 million. Kinsale Capital Group had a return on equity of 30.33% and a net margin of 26.08%. The business’s revenue was up 30.0% on a year-over-year basis. During the same period last year, the business earned $2.88 earnings per share. As a group, equities research analysts expect that Kinsale Capital Group, Inc. will post 15.31 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, August 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.13%. Kinsale Capital Group’s payout ratio is presently 3.77%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on KNSL shares. JPMorgan Chase & Co. lowered their price objective on shares of Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating on the stock in a research note on Thursday. Oppenheimer initiated coverage on shares of Kinsale Capital Group in a research note on Friday, July 12th. They issued a “market perform” rating on the stock. Wolfe Research cut Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, September 16th. 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. Finally, Jefferies Financial Group raised 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. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $446.00.

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.