Choreo LLC Acquires New Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Choreo LLC acquired a new stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 639 shares of the financial services provider’s stock, valued at approximately $250,000.

Other institutional investors have also added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in Kinsale Capital Group during the 1st quarter valued at about $25,000. Brown Brothers Harriman & Co. purchased a new position in Kinsale Capital Group during the 4th quarter valued at about $33,000. Trust Co. of Vermont increased its position in Kinsale Capital Group by 113.6% during the 2nd quarter. Trust Co. of Vermont now owns 94 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 50 shares during the period. Quarry LP purchased a new position in Kinsale Capital Group during the 4th quarter valued at about $40,000. Finally, Principal Securities Inc. purchased a new position in shares of Kinsale Capital Group in the 4th quarter worth approximately $44,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Stock Down 0.4 %

NYSE:KNSL opened at $453.60 on Thursday. The company has a market cap of $10.56 billion, a PE ratio of 30.14, a P/E/G ratio of 1.98 and a beta of 1.08. Kinsale Capital Group, Inc. has a twelve month low of $325.01 and a twelve month high of $548.47. 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 company’s 50 day moving average is $449.44 and its two-hundred day moving average is $435.89.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $3.75 EPS for the quarter, beating the consensus estimate 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 business had revenue of $384.55 million during the quarter, compared to analysts’ expectations of $410.20 million. During the same period in the previous year, the business posted $2.88 EPS. The business’s quarterly revenue was up 30.0% compared to the same quarter last year. Analysts anticipate that Kinsale Capital Group, Inc. will post 15.31 EPS for the current year.

Kinsale Capital Group Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KNSL. Oppenheimer began coverage on shares of Kinsale Capital Group in a research report on Friday, July 12th. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Kinsale Capital Group from $400.00 to $420.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Wolfe Research downgraded shares of Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a research report on Monday. Truist Financial boosted their target price on shares of Kinsale Capital Group from $440.00 to $485.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, 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 research report on Monday, July 29th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $443.38.

Kinsale Capital Group Company 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.