Exchange Traded Concepts LLC Has $736,000 Stake in Kinsale Capital Group, Inc. (NYSE:KNSL)

Exchange Traded Concepts LLC increased its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 32.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,580 shares of the financial services provider’s stock after buying an additional 385 shares during the period. Exchange Traded Concepts LLC’s holdings in Kinsale Capital Group were worth $736,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its holdings in Kinsale Capital Group by 113.0% during the first quarter. Janney Montgomery Scott LLC now owns 4,094 shares of the financial services provider’s stock worth $2,148,000 after buying an additional 2,172 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Kinsale Capital Group by 249.2% in the second quarter. Harbor Capital Advisors Inc. now owns 5,350 shares of the financial services provider’s stock valued at $2,061,000 after purchasing an additional 3,818 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Kinsale Capital Group in the first quarter valued at $196,358,000. Congress Asset Management Co. MA increased its holdings in shares of Kinsale Capital Group by 50.9% in the first quarter. Congress Asset Management Co. MA now owns 17,248 shares of the financial services provider’s stock valued at $9,051,000 after purchasing an additional 5,815 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Kinsale Capital Group by 44.3% in the first quarter. Russell Investments Group Ltd. now owns 37,328 shares of the financial services provider’s stock valued at $19,588,000 after purchasing an additional 11,451 shares during the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KNSL has been the topic of several research reports. JPMorgan Chase & Co. decreased 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 report on Thursday, October 10th. Jefferies Financial Group upped their price objective on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Wolfe Research cut shares of Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, September 16th. Royal Bank of Canada boosted their target price on shares of Kinsale Capital Group from $425.00 to $455.00 and gave the company a “sector perform” rating in a research report on Monday, July 29th. Finally, Oppenheimer assumed coverage on shares of Kinsale Capital Group in a research report on Friday, July 12th. They issued a “market perform” rating for the company. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $446.00.

Kinsale Capital Group Trading Down 0.4 %

KNSL opened at $473.22 on Friday. Kinsale Capital Group, Inc. has a twelve month low of $325.01 and a twelve month high of $548.47. The company has a 50-day simple moving average of $469.96 and a 200 day simple moving average of $427.88. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $11.01 billion, a price-to-earnings ratio of 31.44, a P/E/G ratio of 2.05 and a beta of 1.08.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings data 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. Kinsale Capital Group had a net margin of 26.08% and a return on equity of 30.33%. The business had revenue of $384.55 million during the quarter, compared to analysts’ expectations of $410.20 million. During the same quarter in the prior year, the business posted $2.88 earnings per share. Kinsale Capital Group’s revenue was up 30.0% compared to the same quarter last year. Analysts predict that Kinsale Capital Group, Inc. will post 15.31 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The company also recently disclosed 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 was Thursday, August 29th. This represents a $0.60 annualized dividend and a yield of 0.13%. Kinsale Capital Group’s dividend payout ratio is 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.