1,015 Shares in Kinsale Capital Group, Inc. $KNSL Acquired by Peak Financial Advisors LLC

Key Points

• Peak Financial Advisors LLC has acquired a new stake in Kinsale Capital Group, purchasing 1,015 shares valued at approximately $491,000.
• Kinsale Capital Group reported a quarterly earnings of $4.78 per share, exceeding analysts' expectations and showing a year-over-year revenue growth of 22.2%.
• Equity analysts have set target prices with a consensus average of $505.80 for Kinsale Capital Group, with ratings ranging from "Buy" to "Hold."

Peak Financial Advisors LLC acquired a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,015 shares of the financial services provider's stock, valued at approximately $491,000.

A number of other large investors also recently modified their holdings of the company. DAVENPORT & Co LLC increased its position in shares of Kinsale Capital Group by 6.2% in the 1st quarter. DAVENPORT & Co LLC now owns 543,349 shares of the financial services provider's stock valued at $263,233,000 after purchasing an additional 31,480 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Kinsale Capital Group by 39.8% in the 1st quarter. JPMorgan Chase & Co. now owns 460,651 shares of the financial services provider's stock valued at $224,204,000 after purchasing an additional 131,056 shares during the last quarter. Geneva Capital Management LLC increased its position in shares of Kinsale Capital Group by 0.6% in the 1st quarter. Geneva Capital Management LLC now owns 405,363 shares of the financial services provider's stock valued at $197,294,000 after purchasing an additional 2,449 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Kinsale Capital Group by 59,220.7% in the 1st quarter. GAMMA Investing LLC now owns 309,061 shares of the financial services provider's stock valued at $150,423,000 after purchasing an additional 308,540 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of Kinsale Capital Group in the 1st quarter valued at approximately $125,003,000. 85.36% of the stock is owned by hedge funds and other institutional investors.

Kinsale Capital Group Stock Down 1.0%

Shares of NYSE:KNSL opened at $431.89 on Friday. The stock has a market cap of $10.06 billion, a P/E ratio of 22.53, a P/E/G ratio of 1.60 and a beta of 1.13. The firm has a fifty day moving average price of $458.95 and a 200 day moving average price of $462.40. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.10 and a quick ratio of 0.10. Kinsale Capital Group, Inc. has a 1-year low of $405.00 and a 1-year high of $531.79.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The financial services provider reported $4.78 earnings per share for the quarter, topping analysts' consensus estimates of $4.41 by $0.37. Kinsale Capital Group had a net margin of 25.92% and a return on equity of 25.93%. The firm had revenue of $458.70 million during the quarter, compared to analysts' expectations of $436.25 million. During the same quarter in the prior year, the business earned $3.75 EPS. Kinsale Capital Group's quarterly revenue was up 22.2% compared to the same quarter last year. Sell-side analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 11th. Stockholders of record on Friday, August 29th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Friday, August 29th. Kinsale Capital Group's dividend payout ratio (DPR) is currently 3.55%.

Analysts Set New Price Targets

A number of equities research analysts have commented on KNSL shares. Compass Point increased their price objective on shares of Kinsale Capital Group from $432.00 to $490.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Bank of America began coverage on shares of Kinsale Capital Group in a report on Friday, June 20th. They issued a "buy" rating and a $543.00 target price for the company. JPMorgan Chase & Co. upped their target price on shares of Kinsale Capital Group from $440.00 to $460.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Truist Financial upped their target price on shares of Kinsale Capital Group from $500.00 to $560.00 and gave the company a "buy" rating in a report on Monday, July 28th. Finally, Morgan Stanley upped their target price on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the company an "overweight" rating in a report on Monday, May 19th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $505.80.

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.

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