Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 7.1% in the third quarter, Holdings Channel reports. The fund owned 2,551 shares of the financial services provider’s stock after buying an additional 170 shares during the period. State of Alaska Department of Revenue’s holdings in Kinsale Capital Group were worth $1,187,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Headlands Technologies LLC acquired a new stake in shares of Kinsale Capital Group in the first quarter valued at approximately $25,000. ORG Wealth Partners LLC acquired a new stake in shares of Kinsale Capital Group in the 3rd quarter worth $26,000. UMB Bank n.a. raised its holdings in shares of Kinsale Capital Group by 408.3% during the 3rd quarter. UMB Bank n.a. now owns 61 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 49 shares during the period. Trust Co. of Vermont boosted 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 valued at $36,000 after acquiring an additional 50 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in shares of Kinsale Capital Group by 68.9% in the third quarter. Signaturefd LLC now owns 103 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 42 shares during the period. 85.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on KNSL. JPMorgan Chase & Co. reduced their target price on shares of Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. Truist Financial lowered their price objective on Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Royal Bank of Canada reduced their target price on Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a research report on Monday, October 28th. Jefferies Financial Group increased their price target on Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, Wolfe Research upgraded shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price objective on the stock in a report on Monday, October 28th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $455.88.

Kinsale Capital Group Price Performance

KNSL opened at $426.03 on Monday. The firm has a market cap of $9.92 billion, a price-to-earnings ratio of 24.29, a PEG ratio of 1.89 and a beta of 1.09. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.13. The stock’s 50-day moving average price is $462.82 and its 200 day moving average price is $426.93. 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 posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.20 EPS for the quarter, beating the consensus estimate of $3.60 by $0.60. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. The business had revenue of $418.06 million during the quarter, compared to analyst estimates of $359.43 million. During the same quarter last year, the firm posted $3.31 earnings per share. The business’s revenue for the quarter was up 33.0% compared to the same quarter last year. As a group, sell-side analysts expect that Kinsale Capital Group, Inc. will post 15.13 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.14%. The ex-dividend date was Thursday, August 29th. Kinsale Capital Group’s payout ratio is currently 3.42%.

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.