Kinsale Capital Group, Inc. $KNSL Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 492.8% in the third quarter, Holdings Channel reports. The firm owned 14,404 shares of the financial services provider’s stock after buying an additional 11,974 shares during the quarter. SG Americas Securities LLC’s holdings in Kinsale Capital Group were worth $6,125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of KNSL. V Square Quantitative Management LLC acquired a new stake in shares of Kinsale Capital Group during the second quarter worth about $31,000. Darwin Wealth Management LLC purchased a new position in shares of Kinsale Capital Group in the 2nd quarter valued at approximately $38,000. VSM Wealth Advisory LLC acquired a new position in shares of Kinsale Capital Group in the second quarter valued at approximately $39,000. Toth Financial Advisory Corp raised its stake in shares of Kinsale Capital Group by 90.0% during the second quarter. Toth Financial Advisory Corp now owns 95 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 45 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Kinsale Capital Group by 72.9% during the second quarter. EverSource Wealth Advisors LLC now owns 102 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 43 shares during the period. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Kinsale Capital Group Stock Down 3.2%

Shares of NYSE KNSL opened at $398.07 on Friday. The stock has a market capitalization of $9.26 billion, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 1.40 and a beta of 1.00. Kinsale Capital Group, Inc. has a 52 week low of $349.00 and a 52 week high of $512.76. The firm has a 50-day moving average price of $387.76 and a 200 day moving average price of $430.14. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.11.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, October 23rd. The financial services provider reported $5.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.79 by $0.42. Kinsale Capital Group had a net margin of 26.30% and a return on equity of 25.66%. The company had revenue of $497.51 million during the quarter, compared to analysts’ expectations of $446.00 million. During the same period last year, the company posted $4.20 earnings per share. The firm’s quarterly revenue was up 19.0% compared to the same quarter last year. Equities research analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Friday, November 28th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, November 28th. Kinsale Capital Group’s payout ratio is 3.34%.

Kinsale Capital Group declared that its board has authorized a stock buyback plan on Thursday, December 11th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the financial services provider to repurchase up to 2.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Royal Bank Of Canada assumed coverage on shares of Kinsale Capital Group in a research note on Tuesday, November 25th. They issued a “sector perform” rating and a $415.00 price objective on the stock. JPMorgan Chase & Co. dropped their price target on shares of Kinsale Capital Group from $460.00 to $450.00 and set a “neutral” rating on the stock in a research note on Monday, October 27th. Morgan Stanley reissued an “overweight” rating on shares of Kinsale Capital Group in a report on Tuesday, December 16th. Wall Street Zen raised Kinsale Capital Group from a “sell” rating to a “hold” rating in a report on Sunday, December 14th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Kinsale Capital Group in a research report on Monday, December 29th. Three analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $483.78.

About Kinsale Capital Group

Kinsale Capital Group, Inc (NYSE:KNSL) is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company’s product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.