Intech Investment Management LLC Purchases 6,020 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Intech Investment Management LLC increased its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 181.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,342 shares of the financial services provider’s stock after purchasing an additional 6,020 shares during the period. Intech Investment Management LLC’s holdings in Kinsale Capital Group were worth $3,599,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of KNSL. Headlands Technologies LLC purchased a new stake in Kinsale Capital Group during the 1st quarter valued at approximately $25,000. Trust Co. of Vermont grew 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 valued at $36,000 after acquiring an additional 50 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in Kinsale Capital Group in the 4th quarter valued at $33,000. Quarry LP purchased a new stake in Kinsale Capital Group in the 4th quarter worth $40,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Kinsale Capital Group by 713.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 122 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Wall Street Analysts Forecast Growth

KNSL has been the topic of several research reports. Oppenheimer assumed coverage on Kinsale Capital Group in a report on Friday, July 12th. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. upped their price objective on Kinsale Capital Group from $400.00 to $420.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Truist Financial raised their target price on shares of 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 downgraded shares of Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, September 16th. Finally, Royal Bank of Canada lifted their price objective on shares of 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. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $432.29.

Kinsale Capital Group Trading Down 0.7 %

Shares of KNSL opened at $450.64 on Monday. The company’s fifty day simple moving average is $452.13 and its 200-day simple moving average is $434.04. The company has a market cap of $10.49 billion, a P/E ratio of 29.94, a P/E/G ratio of 1.98 and a beta of 1.08. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.15. Kinsale Capital Group, Inc. has a twelve month low of $325.01 and a twelve month high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $3.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.52 by $0.23. The business had revenue of $384.55 million during 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 quarter last year, the firm earned $2.88 earnings per share. As a group, analysts expect that Kinsale Capital Group, Inc. will post 15.31 EPS for the current year.

Kinsale Capital Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a $0.15 dividend. 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 dividend payout ratio (DPR) is presently 3.99%.

About Kinsale Capital Group

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.