Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Bought by 2Xideas AG

2Xideas AG increased its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 15.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,022 shares of the financial services provider’s stock after buying an additional 3,911 shares during the quarter. Kinsale Capital Group comprises 1.9% of 2Xideas AG’s portfolio, making the stock its 17th largest holding. 2Xideas AG’s holdings in Kinsale Capital Group were worth $15,754,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KNSL. Headlands Technologies LLC bought a new stake in shares of Kinsale Capital Group during the 1st quarter worth about $25,000. Brown Brothers Harriman & Co. bought a new stake in Kinsale Capital Group during the fourth quarter worth approximately $33,000. Quarry LP acquired a new stake in Kinsale Capital Group in the fourth quarter worth approximately $40,000. Principal Securities Inc. bought a new position in Kinsale Capital Group during the 4th quarter valued at $44,000. Finally, Arlington Trust Co LLC acquired a new position in shares of Kinsale Capital Group during the 4th quarter valued at $54,000. 85.36% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Kinsale Capital Group news, Director C. Kronenberg Anne 1,000 shares of the business’s stock in a transaction on Tuesday, July 30th. The was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.60% of the stock is currently owned by corporate insiders.

Kinsale Capital Group Trading Up 4.8 %

Shares of KNSL traded up $21.16 during midday trading on Tuesday, hitting $461.57. The stock had a trading volume of 339,761 shares, compared to its average volume of 189,476. Kinsale Capital Group, Inc. has a fifty-two week low of $325.01 and a fifty-two week high of $548.47. The business has a 50-day simple moving average of $389.04 and a two-hundred day simple moving average of $427.39. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.15. The firm has a market cap of $10.75 billion, a P/E ratio of 30.67, a price-to-earnings-growth ratio of 1.97 and a beta of 1.06.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $3.75 earnings per share for the quarter, beating the consensus estimate of $3.52 by $0.23. The firm had revenue of $384.55 million for the quarter, compared to analyst estimates of $410.20 million. Kinsale Capital Group had a return on equity of 30.33% and a net margin of 26.08%. Kinsale Capital Group’s quarterly revenue was up 30.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.88 earnings per share. As a group, equities analysts forecast that Kinsale Capital Group, Inc. will post 15.03 EPS for the current year.

Kinsale Capital Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Friday, May 31st were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.60 annualized dividend and a dividend yield of 0.13%. Kinsale Capital Group’s payout ratio is 3.99%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. BMO Capital Markets decreased their target price on Kinsale Capital Group from $544.00 to $453.00 and set a “market perform” rating for the company in a research note on Tuesday, April 30th. JPMorgan Chase & Co. raised their price objective on shares of Kinsale Capital Group from $400.00 to $420.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. Royal Bank of Canada boosted their target price on shares of Kinsale Capital Group from $425.00 to $455.00 and gave the stock a “sector perform” rating in a report on Monday. Compass Point cut their target price on shares of Kinsale Capital Group from $490.00 to $390.00 and set a “neutral” rating for the company in a research note on Monday, April 29th. Finally, TD Cowen started coverage on shares of Kinsale Capital Group in a research report on Monday, May 20th. They issued a “hold” rating and a $403.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $443.38.

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.