Kinsale Capital Group, Inc. (NYSE:KNSL) Stock Position Lifted by Trust Co. of Vermont

Trust Co. of Vermont boosted its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 113.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 94 shares of the financial services provider’s stock after purchasing an additional 50 shares during the period. Trust Co. of Vermont’s holdings in Kinsale Capital Group were worth $36,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in KNSL. Headlands Technologies LLC bought a new stake in Kinsale Capital Group in the first quarter worth approximately $25,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Kinsale Capital Group in the fourth quarter worth $33,000. Quarry LP acquired a new stake in shares of Kinsale Capital Group in the fourth quarter worth $40,000. Principal Securities Inc. acquired a new stake in shares of Kinsale Capital Group in the fourth quarter worth $44,000. Finally, Arlington Trust Co LLC acquired a new stake in shares of Kinsale Capital Group in the fourth quarter worth $54,000. 85.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. BMO Capital Markets reduced their price objective on shares of Kinsale Capital Group from $544.00 to $453.00 and set a “market perform” rating for the company in a research note on Tuesday, April 30th. Compass Point reduced their price target on shares of Kinsale Capital Group from $490.00 to $390.00 and set a “neutral” rating for the company in a report on Monday, April 29th. Royal Bank of Canada boosted their price objective on shares of Kinsale Capital Group from $425.00 to $455.00 and gave the stock a “sector perform” rating in a report on Monday, July 29th. TD Cowen started coverage on shares of Kinsale Capital Group in a research note on Monday, May 20th. They issued a “hold” rating and a $403.00 target price for the company. Finally, JPMorgan Chase & Co. boosted their price target on Kinsale Capital Group from $400.00 to $420.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Kinsale Capital Group currently has a consensus rating of “Hold” and an average target price of $443.38.

Insider Transactions at Kinsale Capital Group

In other Kinsale Capital Group news, Director C. Kronenberg Anne 1,000 shares of the company’s stock in a transaction on Tuesday, July 30th. The was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 5.60% of the company’s stock.

Kinsale Capital Group Price Performance

NYSE:KNSL traded up $15.67 during mid-day trading on Wednesday, hitting $469.82. The company’s stock had a trading volume of 58,697 shares, compared to its average volume of 187,603. Kinsale Capital Group, Inc. has a fifty-two week low of $325.01 and a fifty-two week high of $548.47. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $10.94 billion, a price-to-earnings ratio of 30.18, a P/E/G ratio of 1.96 and a beta of 1.06. The stock has a fifty day moving average of $395.23 and a 200-day moving average of $429.45.

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. The company had revenue of $384.55 million during the quarter, compared to analyst estimates of $410.20 million. Kinsale Capital Group had a net margin of 26.08% and a return on equity of 30.33%. The company’s revenue was up 30.0% on a year-over-year basis. During the same quarter last year, the business posted $2.88 earnings per share. As a group, equities analysts forecast that Kinsale Capital Group, Inc. will post 15.23 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Friday, May 31st were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.13%. The ex-dividend date was Friday, May 31st. Kinsale Capital Group’s 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.