Hsbc Holdings PLC bought a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL – Free Report) 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 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.
Get Our Latest Report on Kinsale Capital Group
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.
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