Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Acquired by Davidson Capital Management Inc.

Davidson Capital Management Inc. raised its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 40.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,209 shares of the financial services provider’s stock after purchasing an additional 2,381 shares during the period. Kinsale Capital Group accounts for approximately 1.0% of Davidson Capital Management Inc.’s holdings, making the stock its 29th biggest position. Davidson Capital Management Inc.’s holdings in Kinsale Capital Group were worth $3,163,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Headlands Technologies LLC bought a new position in shares of Kinsale Capital Group in the first quarter worth $25,000. Brown Brothers Harriman & Co. acquired a new position in Kinsale Capital Group during the 4th quarter valued at about $33,000. Trust Co. of Vermont raised its position in shares of 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 worth $36,000 after buying an additional 50 shares in the last quarter. Quarry LP bought a new stake in shares of Kinsale Capital Group during the 4th quarter worth about $40,000. Finally, Principal Securities Inc. acquired a new stake in shares of Kinsale Capital Group in the 4th quarter worth approximately $44,000. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Trading Up 0.1 %

Shares of KNSL opened at $453.81 on Friday. The business’s 50-day moving average price is $450.89 and its 200 day moving average price is $436.01. 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 stock has a market capitalization of $10.56 billion, a P/E ratio of 30.15, a P/E/G ratio of 1.98 and a beta of 1.08. Kinsale Capital Group, Inc. has a 1-year low of $325.01 and a 1-year high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results on Thursday, July 25th. The financial services provider reported $3.75 earnings per share for the quarter, topping the consensus estimate of $3.52 by $0.23. The business had revenue of $384.55 million for the quarter, compared to the consensus estimate of $410.20 million. Kinsale Capital Group had a net margin of 26.08% and a return on equity of 30.33%. The firm’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same period last year, the firm posted $2.88 earnings per share. Analysts expect that Kinsale Capital Group, Inc. will post 15.31 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Oppenheimer started coverage on shares of Kinsale Capital Group in a research note on Friday, July 12th. They set a “market perform” rating on the stock. Royal Bank of Canada boosted their price objective on Kinsale Capital Group from $425.00 to $455.00 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. Truist Financial upped their price objective on Kinsale Capital Group from $440.00 to $485.00 and gave the company a “buy” rating in a report on Monday, July 29th. Wolfe Research lowered Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a report on Monday. Finally, JPMorgan Chase & Co. upped their price target 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 investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.