United Services Automobile Association Purchases Shares of 1,458 Kinsale Capital Group, Inc. $KNSL

Key Points

• United Services Automobile Association has acquired 1,458 shares of Kinsale Capital Group, valued at approximately $703,000, indicating strong interest from institutional investors in the financial services provider.
• Kinsale Capital Group's latest quarterly earnings exceeded expectations, reporting $4.78 earnings per share, which is an increase from last year's $3.75.
• The company has announced a quarterly dividend of $0.17 per share, reflecting a low dividend payout ratio of 3.55%.

United Services Automobile Association acquired a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 1,458 shares of the financial services provider's stock, valued at approximately $703,000.

Several other institutional investors have also recently bought and sold shares of the company. Private Trust Co. NA raised its holdings in Kinsale Capital Group by 2.1% in the 1st quarter. Private Trust Co. NA now owns 1,288 shares of the financial services provider's stock worth $627,000 after acquiring an additional 27 shares during the period. Strategic Advisors LLC increased its holdings in shares of Kinsale Capital Group by 0.6% during the 1st quarter. Strategic Advisors LLC now owns 5,277 shares of the financial services provider's stock worth $2,568,000 after purchasing an additional 30 shares during the period. Xponance Inc. increased its holdings in shares of Kinsale Capital Group by 0.7% during the 1st quarter. Xponance Inc. now owns 4,496 shares of the financial services provider's stock worth $2,188,000 after purchasing an additional 30 shares during the period. Foster Dykema Cabot & Partners LLC increased its holdings in shares of Kinsale Capital Group by 2.6% during the 1st quarter. Foster Dykema Cabot & Partners LLC now owns 1,190 shares of the financial services provider's stock worth $579,000 after purchasing an additional 30 shares during the period. Finally, Wealth Alliance LLC increased its stake in Kinsale Capital Group by 6.0% in the first quarter. Wealth Alliance LLC now owns 565 shares of the financial services provider's stock valued at $275,000 after acquiring an additional 32 shares during the period. Institutional investors own 85.36% of the company's stock.

Kinsale Capital Group Price Performance

Shares of KNSL traded down $4.48 during mid-day trading on Friday, hitting $431.89. 89,154 shares of the company traded hands, compared to its average volume of 186,023. Kinsale Capital Group, Inc. has a one year low of $405.00 and a one year high of $531.79. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average of $458.95 and a 200 day moving average of $462.09. The stock has a market capitalization of $10.06 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 1.60 and a beta of 1.13.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The financial services provider reported $4.78 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $458.70 million for the quarter, compared to analyst estimates of $436.25 million. During the same period in the prior year, the business posted $3.75 earnings per share. Kinsale Capital Group's revenue was up 22.2% compared to the same quarter last year. As a group, equities analysts expect that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms recently weighed in on KNSL. Wall Street Zen raised shares of Kinsale Capital Group from a "sell" rating to a "hold" rating in a research note on Sunday, June 22nd. Morgan Stanley upped their price objective on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. Cantor Fitzgerald raised shares of Kinsale Capital Group to a "hold" rating in a research note on Wednesday, August 13th. 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 research note on Monday, July 28th. Finally, Compass Point upped their price objective on shares of Kinsale Capital Group from $432.00 to $490.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $505.80.

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.