Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Bought by Wilkinson Global Asset Management LLC

Wilkinson Global Asset Management LLC lifted its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 33.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,985 shares of the financial services provider’s stock after purchasing an additional 1,010 shares during the quarter. Wilkinson Global Asset Management LLC’s holdings in Kinsale Capital Group were worth $1,535,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of KNSL. Headlands Technologies LLC acquired a new stake in shares of Kinsale Capital Group in the first quarter valued at $25,000. Trust Co. of Vermont lifted its holdings in Kinsale Capital Group by 113.6% in 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. Brown Brothers Harriman & Co. bought a new position in shares of Kinsale Capital Group during the 4th quarter valued at about $33,000. Quarry LP acquired a new position in shares of Kinsale Capital Group in the 4th quarter worth approximately $40,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Kinsale Capital Group by 713.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 122 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 107 shares in the last quarter. 85.36% of the stock is currently owned by institutional investors.

Kinsale Capital Group Stock Down 0.8 %

NYSE KNSL traded down $3.59 during trading on Friday, reaching $461.50. 93,268 shares of the company’s stock were exchanged, compared to its average volume of 179,374. The firm has a market capitalization of $10.74 billion, a PE ratio of 30.66, a P/E/G ratio of 2.14 and a beta of 1.08. Kinsale Capital Group, Inc. has a fifty-two week low of $325.01 and a fifty-two week high of $548.47. 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 company’s fifty day simple moving average is $437.11 and its 200-day simple moving average is $438.76.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $3.75 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 analysts’ expectations 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 company posted $2.88 earnings per share. Sell-side analysts predict that Kinsale Capital Group, Inc. will post 15.29 EPS for the current year.

Kinsale Capital Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.13%. The ex-dividend date of this dividend is Thursday, August 29th. Kinsale Capital Group’s dividend payout ratio is currently 3.99%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on KNSL. Truist Financial raised their target price on shares of Kinsale Capital Group from $440.00 to $485.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Oppenheimer started coverage on Kinsale Capital Group in a research note on Friday, July 12th. They set a “market perform” rating for the company. JPMorgan Chase & Co. boosted their target price on Kinsale Capital Group from $400.00 to $420.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. TD Cowen started coverage on Kinsale Capital Group in a research report on Monday, May 20th. They issued a “hold” rating and a $403.00 price target for the company. Finally, 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 report on Monday, July 29th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Kinsale Capital Group currently has a consensus rating of “Hold” and an average target price of $443.38.

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.