Algert Global LLC Grows Stock Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Algert Global LLC grew its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 24.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 11,491 shares of the financial services provider’s stock after acquiring an additional 2,227 shares during the period. Algert Global LLC’s holdings in Kinsale Capital Group were worth $4,427,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in Kinsale Capital Group during the first quarter worth about $25,000. Trust Co. of Vermont increased its stake in Kinsale Capital Group by 113.6% during the second quarter. Trust Co. of Vermont now owns 94 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 50 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new stake in Kinsale Capital Group during the fourth quarter worth about $33,000. Quarry LP acquired a new stake in Kinsale Capital Group during the fourth quarter worth about $40,000. Finally, EverSource Wealth Advisors LLC increased its stake in Kinsale Capital Group by 713.3% during the first quarter. EverSource Wealth Advisors LLC now owns 122 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 107 shares during the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Kinsale Capital Group Trading Up 0.9 %

Shares of KNSL opened at $465.57 on Tuesday. The company has a market capitalization of $10.84 billion, a P/E ratio of 30.93, a P/E/G ratio of 2.02 and a beta of 1.08. Kinsale Capital Group, Inc. has a one year low of $325.01 and a one year high of $548.47. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.13 and a current ratio of 0.13. The stock has a 50-day moving average price of $458.52 and a 200 day moving average price of $431.82.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $3.75 EPS for the quarter, beating analysts’ consensus estimates of $3.52 by $0.23. The firm had revenue of $384.55 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 30.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.88 earnings per share. Sell-side analysts forecast that Kinsale Capital Group, Inc. will post 15.31 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have commented on KNSL shares. Royal Bank of Canada upped their price target 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. JPMorgan Chase & Co. increased their target price on Kinsale Capital Group from $400.00 to $420.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Oppenheimer initiated coverage on Kinsale Capital Group in a research note on Friday, July 12th. They issued a “market perform” rating for the company. Wolfe Research lowered Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, September 16th. Finally, Truist Financial increased their target price on Kinsale Capital Group from $485.00 to $530.00 and gave the company a “buy” rating in a research note on Friday. 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, Kinsale Capital Group presently has an average 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.