Fox Run Management L.L.C. Invests $911,000 in Kinsale Capital Group, Inc. $KNSL

Fox Run Management L.L.C. purchased a new stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,143 shares of the financial services provider’s stock, valued at approximately $911,000.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in Kinsale Capital Group during the 2nd quarter worth $125,812,000. Orion Porfolio Solutions LLC raised its position in shares of Kinsale Capital Group by 1,141.4% during the second quarter. Orion Porfolio Solutions LLC now owns 81,724 shares of the financial services provider’s stock worth $39,546,000 after acquiring an additional 75,141 shares during the last quarter. Ceredex Value Advisors LLC acquired a new position in shares of Kinsale Capital Group during the second quarter valued at $32,034,000. Westfield Capital Management Co. LP lifted its stake in shares of Kinsale Capital Group by 127.4% during the second quarter. Westfield Capital Management Co. LP now owns 117,394 shares of the financial services provider’s stock valued at $56,807,000 after acquiring an additional 65,770 shares during the period. Finally, American Century Companies Inc. boosted its holdings in Kinsale Capital Group by 22.8% in the second quarter. American Century Companies Inc. now owns 168,493 shares of the financial services provider’s stock valued at $81,537,000 after acquiring an additional 31,250 shares during the last quarter. Institutional investors own 85.36% of the company’s stock.

Analyst Ratings Changes

KNSL has been the topic of several recent research reports. Jefferies Financial Group reaffirmed a “hold” rating and issued a $433.00 target price on shares of Kinsale Capital Group in a research note on Friday, February 13th. Royal Bank Of Canada initiated coverage on Kinsale Capital Group in a research report on Tuesday, November 25th. They set a “sector perform” rating and a $415.00 target price for the company. Wall Street Zen upgraded shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a research report on Sunday, December 14th. TD Cowen dropped their target price on shares of Kinsale Capital Group from $448.00 to $442.00 and set a “hold” rating on the stock in a report on Tuesday, November 4th. Finally, Morgan Stanley restated an “overweight” rating on shares of Kinsale Capital Group in a report on Tuesday, December 16th. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $441.91.

Kinsale Capital Group Stock Up 2.4%

KNSL stock opened at $382.15 on Friday. Kinsale Capital Group, Inc. has a 1-year low of $341.06 and a 1-year high of $512.76. The business’s 50 day simple moving average is $393.67 and its 200 day simple moving average is $412.06. The company has a current ratio of 0.08, a quick ratio of 0.09 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $8.89 billion, a PE ratio of 17.63, a PEG ratio of 1.53 and a beta of 0.99.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings data on Thursday, February 12th. The financial services provider reported $5.81 EPS for the quarter, topping analysts’ consensus estimates of $5.30 by $0.51. The firm had revenue of $483.27 million during the quarter, compared to analysts’ expectations of $467.66 million. Kinsale Capital Group had a net margin of 26.87% and a return on equity of 25.45%. During the same period in the previous year, the business posted $4.62 earnings per share. As a group, research analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Thursday, February 26th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.3%. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.17. The ex-dividend date is Thursday, February 26th. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.14%.

Kinsale Capital Group announced that its board has authorized a stock buyback program on Thursday, December 11th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the financial services provider to purchase up to 2.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Kinsale Capital Group Profile

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.