Financial Strategies Group Inc. Purchases 57 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Financial Strategies Group Inc. grew its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 6.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 999 shares of the financial services provider’s stock after purchasing an additional 57 shares during the period. Financial Strategies Group Inc.’s holdings in Kinsale Capital Group were worth $472,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of KNSL. Headlands Technologies LLC bought a new stake in shares of Kinsale Capital Group during the 1st quarter valued at about $25,000. ORG Wealth Partners LLC purchased a new position in Kinsale Capital Group during the 3rd quarter valued at about $26,000. UMB Bank n.a. lifted its position in Kinsale Capital Group by 408.3% during the 3rd 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 period. Trust Co. of Vermont lifted its position in Kinsale Capital Group by 113.6% during the 2nd quarter. Trust Co. of Vermont now owns 94 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 50 shares during the period. Finally, Signaturefd LLC lifted its position in Kinsale Capital Group by 68.9% during the 3rd quarter. Signaturefd LLC now owns 103 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 42 shares during the period. Institutional investors own 85.36% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Truist Financial lowered their price target on shares of Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Royal Bank of Canada lowered their price target on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating for the company in a research report on Monday, October 28th. Oppenheimer assumed coverage on shares of Kinsale Capital Group in a report on Friday, July 12th. They issued a “market perform” rating for the company. JPMorgan Chase & Co. decreased their target price on shares of Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Finally, Jefferies Financial Group lifted their target price on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Kinsale Capital Group currently has an average rating of “Hold” and a consensus target price of $455.88.

Kinsale Capital Group Stock Down 0.7 %

KNSL opened at $448.26 on Friday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average price of $459.08 and a 200-day moving average price of $426.90. Kinsale Capital Group, Inc. has a twelve month low of $325.01 and a twelve month high of $548.47. The stock has a market capitalization of $10.44 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 1.83 and a beta of 1.09.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings data 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 firm had revenue of $418.06 million during the quarter, compared to analysts’ expectations of $359.43 million. During the same period in the previous year, the company earned $3.31 earnings per share. The firm’s quarterly revenue was up 33.0% on a year-over-year basis. Equities research analysts forecast that Kinsale Capital Group, Inc. will post 15.48 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.13%. Kinsale Capital Group’s payout ratio is 3.42%.

Kinsale Capital Group Company 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.