Salomon & Ludwin LLC Has $298,000 Stake in Kinsale Capital Group, Inc. $KNSL

Salomon & Ludwin LLC increased its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 5.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 630 shares of the financial services provider’s stock after acquiring an additional 30 shares during the period. Salomon & Ludwin LLC’s holdings in Kinsale Capital Group were worth $298,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Key Financial Inc raised its holdings in shares of Kinsale Capital Group by 315.4% during the first quarter. Key Financial Inc now owns 54 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 41 shares during the period. N.E.W. Advisory Services LLC bought a new position in Kinsale Capital Group in the first quarter valued at $31,000. V Square Quantitative Management LLC bought a new position in Kinsale Capital Group in the second quarter valued at $31,000. von Borstel & Associates Inc. bought a new position in Kinsale Capital Group in the first quarter valued at $42,000. Finally, Toth Financial Advisory Corp grew its position in Kinsale Capital Group by 90.0% in the second quarter. Toth Financial Advisory Corp now owns 95 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 45 shares in the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KNSL has been the subject of a number of analyst reports. Wall Street Zen raised shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a research report on Sunday, June 22nd. Cantor Fitzgerald raised shares of Kinsale Capital Group to a “hold” rating in a report on Wednesday, August 13th. Compass Point lifted their target price on shares of Kinsale Capital Group from $432.00 to $490.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. BMO Capital Markets lifted their target price on shares of Kinsale Capital Group from $429.00 to $474.00 and gave the stock a “market perform” rating in a report on Tuesday, July 29th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Kinsale Capital Group from $440.00 to $460.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $506.89.

Kinsale Capital Group Price Performance

Shares of Kinsale Capital Group stock opened at $447.12 on Friday. Kinsale Capital Group, Inc. has a twelve month low of $405.00 and a twelve month high of $531.79. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.11. The company has a 50-day simple moving average of $446.86 and a two-hundred day simple moving average of $459.74. The stock has a market capitalization of $10.42 billion, a price-to-earnings ratio of 23.32, a price-to-earnings-growth ratio of 1.65 and a beta of 1.09.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings data 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. The business had revenue of $458.70 million during the quarter, compared to analysts’ expectations of $436.25 million. Kinsale Capital Group had a net margin of 25.92% and a return on equity of 25.93%. The business’s revenue was up 22.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.75 EPS. Analysts forecast that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 11th. Stockholders of record on Friday, August 29th were given a $0.17 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.68 annualized dividend and a dividend yield of 0.2%. Kinsale Capital Group’s payout ratio is presently 3.55%.

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.