Deutsche Bank AG Buys Shares of 7,366 Kinsale Capital Group, Inc. $KNSL

Deutsche Bank AG purchased a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) in the second quarter, HoldingsChannel reports. The fund purchased 7,366 shares of the financial services provider’s stock, valued at approximately $2,429,000.

Other hedge funds also recently made changes to their positions in the company. Isthmus Partners LLC acquired a new stake in Kinsale Capital Group in the 4th quarter valued at $8,110,000. Life Cycle Investment Partners Ltd acquired a new position in shares of Kinsale Capital Group during the 4th quarter worth about $229,653,000. Stephens Investment Management Group LLC grew its holdings in shares of Kinsale Capital Group by 37.7% in the 4th quarter. Stephens Investment Management Group LLC now owns 208,075 shares of the financial services provider’s stock valued at $81,382,000 after acquiring an additional 56,916 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in shares of Kinsale Capital Group by 9.6% in the 4th quarter. Handelsbanken Fonder AB now owns 57,000 shares of the financial services provider’s stock valued at $22,294,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Cumberland Partners Ltd bought a new position in shares of Kinsale Capital Group in the 4th quarter valued at about $2,347,000. 85.36% of the stock is owned by institutional investors.

Insider Buying and Selling at Kinsale Capital Group

In other news, CAO Christopher R. Tangard bought 330 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was bought at an average price of $304.00 per share, with a total value of $100,320.00. Following the completion of the acquisition, the chief accounting officer owned 380 shares of the company’s stock, valued at $115,520. This represents a 660.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KNSL. JPMorgan Chase & Co. upped their target price on Kinsale Capital Group from $380.00 to $390.00 and gave the stock a “neutral” rating in a report on Monday, July 20th. Wells Fargo & Company boosted their price target on Kinsale Capital Group from $366.00 to $377.00 and gave the stock an “equal weight” rating in a research report on Monday, July 27th. TD Cowen reiterated a “hold” rating on shares of Kinsale Capital Group in a research note on Tuesday, June 16th. Weiss Ratings raised Kinsale Capital Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 19th. Finally, Wall Street Zen raised Kinsale Capital Group from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Kinsale Capital Group has a consensus rating of “Reduce” and an average target price of $368.78.

Kinsale Capital Group Trading Down 1.4%

Shares of KNSL stock opened at $381.66 on Friday. Kinsale Capital Group, Inc. has a 12-month low of $287.20 and a 12-month high of $485.00. The company has a market capitalization of $8.69 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 1.22 and a beta of 0.89. The firm has a 50 day moving average price of $352.95 and a two-hundred day moving average price of $344.72. 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 released its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $5.54 earnings per share for the quarter, topping the consensus estimate of $5.11 by $0.43. The business had revenue of $548.52 million during the quarter, compared to analysts’ expectations of $445.13 million. Kinsale Capital Group had a return on equity of 25.54% and a net margin of 28.49%.The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period last year, the firm posted $4.78 EPS. As a group, analysts predict that Kinsale Capital Group, Inc. will post 21.1 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Friday, August 28th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, August 28th. This represents a $1.00 annualized dividend and a yield of 0.3%. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 4.05%.

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.