Peak Financial Advisors LLC Invests $491,000 in Kinsale Capital Group, Inc. $KNSL

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 purchased a new stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,015 shares of the financial services provider's stock, valued at approximately $491,000.

Several other institutional investors have also added to or reduced their stakes in the company. Centurion Wealth Management LLC boosted its position in Kinsale Capital Group by 8.5% during the 2nd quarter. Centurion Wealth Management LLC now owns 550 shares of the financial services provider's stock valued at $266,000 after buying an additional 43 shares during the period. Harbor Investment Advisory LLC boosted its position in Kinsale Capital Group by 79.8% during the 2nd quarter. Harbor Investment Advisory LLC now owns 338 shares of the financial services provider's stock valued at $164,000 after buying an additional 150 shares during the period. Swedbank AB boosted its position in Kinsale Capital Group by 18.7% during the 1st quarter. Swedbank AB now owns 57,050 shares of the financial services provider's stock valued at $27,767,000 after buying an additional 8,985 shares during the period. eCIO Inc. purchased a new stake in Kinsale Capital Group during the 1st quarter valued at $56,000. Finally, Inspire Investing LLC boosted its position in Kinsale Capital Group by 110.2% during the 1st quarter. Inspire Investing LLC now owns 9,180 shares of the financial services provider's stock valued at $4,468,000 after buying an additional 4,812 shares during the period. Hedge funds and other institutional investors own 85.36% of the company's stock.

Analyst Ratings Changes

KNSL has been the subject of several research reports. Bank of America initiated coverage on shares of Kinsale Capital Group in a report on Friday, June 20th. They issued a "buy" rating and a $543.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on shares of Kinsale Capital Group from $440.00 to $460.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. BMO Capital Markets upped their price objective on shares of Kinsale Capital Group from $429.00 to $474.00 and gave the stock a "market perform" rating in a report on Tuesday, July 29th. Cantor Fitzgerald upgraded shares of Kinsale Capital Group to a "hold" rating in a report on Wednesday, August 13th. Finally, Truist Financial upped their price objective on shares of Kinsale Capital Group from $500.00 to $560.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $505.80.

Kinsale Capital Group Stock Up 0.2%

NYSE KNSL traded up $1.04 during trading hours on Friday, reaching $428.36. 134,220 shares of the company's stock traded hands, compared to its average volume of 205,351. Kinsale Capital Group, Inc. has a 52-week low of $405.00 and a 52-week high of $531.79. The firm has a market cap of $9.98 billion, a PE ratio of 22.28, a PEG ratio of 1.58 and a beta of 1.13. The firm has a 50-day simple moving average of $454.47 and a 200 day simple moving average of $462.11. 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 (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 (EPS) for the quarter, beating analysts' consensus estimates of $4.41 by $0.37. The company had revenue of $458.70 million during the quarter, compared to analysts' expectations of $436.25 million. Kinsale Capital Group had a net margin of 25.92% and a return on equity of 25.93%. Kinsale Capital Group's revenue was up 22.2% on a year-over-year basis. During the same period last year, the company posted $3.75 EPS. Sell-side analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

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

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.