Kinsale Capital Group, Inc. $KNSL Holdings Raised by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC grew its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 6.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,368 shares of the financial services provider’s stock after purchasing an additional 83 shares during the period. Verdence Capital Advisors LLC’s holdings in Kinsale Capital Group were worth $662,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Kinsale Capital Group by 10.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,614 shares of the financial services provider’s stock valued at $1,272,000 after purchasing an additional 254 shares during the last quarter. Bridges Investment Management Inc. lifted its holdings in shares of Kinsale Capital Group by 111.5% during the first quarter. Bridges Investment Management Inc. now owns 5,026 shares of the financial services provider’s stock valued at $2,446,000 after purchasing an additional 2,650 shares during the last quarter. M&T Bank Corp lifted its stake in Kinsale Capital Group by 43.4% in the 1st quarter. M&T Bank Corp now owns 3,672 shares of the financial services provider’s stock worth $1,787,000 after acquiring an additional 1,111 shares in the last quarter. Artemis Investment Management LLP lifted its stake in Kinsale Capital Group by 43.9% in the 1st quarter. Artemis Investment Management LLP now owns 80,924 shares of the financial services provider’s stock worth $39,387,000 after acquiring an additional 24,681 shares in the last quarter. Finally, Moody Aldrich Partners LLC purchased a new stake in Kinsale Capital Group in the 1st quarter worth about $270,000. 85.36% of the stock is owned by hedge funds and other institutional investors.

Kinsale Capital Group Stock Performance

Shares of KNSL stock opened at $473.22 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.10 and a quick ratio of 0.10. Kinsale Capital Group, Inc. has a fifty-two week low of $405.00 and a fifty-two week high of $531.79. The stock’s 50-day moving average is $446.29 and its two-hundred day moving average is $460.55. The firm has a market cap of $11.03 billion, a P/E ratio of 24.69, a PEG ratio of 1.73 and a beta of 1.09.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, July 24th. The financial services provider reported $4.78 earnings per share for the quarter, topping the consensus estimate of $4.41 by $0.37. Kinsale Capital Group had a return on equity of 25.93% and a net margin of 25.92%.The company had revenue of $458.70 million for the quarter, compared to analyst estimates of $436.25 million. During the same period in the prior year, the firm posted $3.75 EPS. The business’s revenue was up 22.2% compared to the same quarter last year. Analysts predict that Kinsale Capital Group, Inc. will post 17.72 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 11th. Stockholders of record on Friday, August 29th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.1%. Kinsale Capital Group’s dividend payout ratio is currently 3.55%.

Analyst Ratings Changes

KNSL has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on Kinsale Capital Group from $440.00 to $460.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. Wall Street Zen raised Kinsale Capital Group from a “sell” rating to a “hold” rating in a research note on Sunday, June 22nd. Compass Point increased their price objective on Kinsale Capital Group from $432.00 to $490.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. BMO Capital Markets increased their price objective on Kinsale Capital Group from $429.00 to $474.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 29th. Finally, Truist Financial increased their price objective on Kinsale Capital Group from $500.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, July 28th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $506.89.

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.