28,690 Shares in Kinsale Capital Group, Inc. $KNSL Bought by Legal & General Group Plc

Legal & General Group Plc purchased a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 28,690 shares of the financial services provider’s stock, valued at approximately $9,462,000.

Other hedge funds also recently bought and sold shares of the company. Bayban purchased a new position in shares of Kinsale Capital Group in the 4th quarter valued at about $25,000. International Assets Investment Management LLC purchased a new stake in shares of Kinsale Capital Group during the fourth quarter worth approximately $29,000. Johnson Financial Group Inc. raised its holdings in Kinsale Capital Group by 257.1% in the third quarter. Johnson Financial Group Inc. now owns 75 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 54 shares in the last quarter. Larson Financial Group LLC raised its holdings in Kinsale Capital Group by 225.0% in the third quarter. Larson Financial Group LLC now owns 78 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 54 shares in the last quarter. Finally, Darwin Wealth Management LLC purchased a new position in Kinsale Capital Group in the second quarter worth approximately $38,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

Kinsale Capital Group Stock Performance

Shares of KNSL opened at $372.10 on Wednesday. The stock has a 50 day moving average price of $357.34 and a 200 day moving average price of $344.25. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $8.48 billion, a price-to-earnings ratio of 15.08, a price-to-earnings-growth ratio of 1.18 and a beta of 0.89. Kinsale Capital Group, Inc. has a 52-week low of $287.20 and a 52-week high of $485.00.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $5.54 earnings per share for the quarter, topping analysts’ consensus estimates of $5.11 by $0.43. The company had revenue of $548.52 million for the quarter, compared to analysts’ expectations of $445.13 million. Kinsale Capital Group had a net margin of 28.49% and a return on equity of 25.54%. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter last year, the company earned $4.78 earnings per share. Research analysts predict that Kinsale Capital Group, Inc. will post 21.1 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

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

Insider Buying and Selling

In related news, CAO Christopher R. Tangard purchased 330 shares of Kinsale Capital Group stock in a transaction that occurred on Monday, June 8th. The stock was purchased at an average cost of $304.00 per share, with a total value of $100,320.00. Following the completion of the transaction, the chief accounting officer directly owned 380 shares in the company, valued at approximately $115,520. The trade was a 660.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have commented on KNSL. Morgan Stanley boosted their price target on shares of Kinsale Capital Group from $345.00 to $390.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 19th. TD Cowen reaffirmed a “hold” rating on shares of Kinsale Capital Group in a research report on Tuesday, June 16th. Wall Street Zen upgraded shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Weiss Ratings upgraded shares of Kinsale Capital Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 19th. Finally, Wells Fargo & Company increased their target price on Kinsale Capital Group from $366.00 to $377.00 and gave the company an “equal weight” rating in a report on Monday, July 27th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Kinsale Capital Group currently has a consensus rating of “Reduce” and a consensus price target of $368.78.

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.