2,469 Shares in Kinsale Capital Group, Inc. (NYSE:KNSL) Bought by Hsbc Holdings PLC

Hsbc Holdings PLC bought a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,469 shares of the financial services provider’s stock, valued at approximately $955,000.

A number of other hedge funds have also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. bought a new position in Kinsale Capital Group in the 1st quarter valued at approximately $196,358,000. Maren Capital LLC bought a new position in shares of Kinsale Capital Group during the fourth quarter valued at $46,478,000. Jackson Square Partners LLC acquired a new position in shares of Kinsale Capital Group during the first quarter worth $48,035,000. Champlain Investment Partners LLC grew its stake in shares of Kinsale Capital Group by 58.9% in the first quarter. Champlain Investment Partners LLC now owns 243,474 shares of the financial services provider’s stock worth $127,761,000 after purchasing an additional 90,209 shares during the last quarter. Finally, Stephens Investment Management Group LLC acquired a new stake in Kinsale Capital Group in the fourth quarter valued at $27,441,000. 85.36% of the stock is owned by institutional investors and hedge funds.

Kinsale Capital Group Stock Up 2.6 %

Shares of NYSE KNSL opened at $461.38 on Friday. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.15. The firm has a market cap of $10.74 billion, a PE ratio of 30.61, a P/E/G ratio of 2.02 and a beta of 1.08. The company’s fifty day simple moving average is $458.52 and its 200 day simple moving average is $432.93. Kinsale Capital Group, Inc. has a 12-month low of $325.01 and a 12-month high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $3.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.52 by $0.23. Kinsale Capital Group had a net margin of 26.08% and a return on equity of 30.33%. The company had revenue of $384.55 million for the quarter, compared to analysts’ expectations of $410.20 million. During the same quarter in the prior year, the firm earned $2.88 EPS. The business’s revenue was up 30.0% on a year-over-year basis. As a group, sell-side analysts forecast that Kinsale Capital Group, Inc. will post 15.31 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a $0.15 dividend. The ex-dividend date was Thursday, August 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.13%. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.99%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Wolfe Research lowered Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, September 16th. Truist Financial increased their target price on shares of Kinsale Capital Group from $485.00 to $530.00 and gave the company a “buy” rating in a research report on Friday. Royal Bank of Canada boosted their price target on shares of Kinsale Capital Group from $425.00 to $455.00 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. Oppenheimer assumed coverage on shares of Kinsale Capital Group in a research report on Friday, July 12th. They set a “market perform” rating for the company. Finally, JPMorgan Chase & Co. boosted their target price on shares of Kinsale Capital Group from $400.00 to $420.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $438.71.

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.