GSA Capital Partners LLP Invests $1.08 Million in Kinsale Capital Group, Inc. (NYSE:KNSL)

Key Points

• GSA Capital Partners LLP has acquired 2,228 shares of Kinsale Capital Group, valued at approximately $1,084,000, marking a new position for the institutional investor.
• In its latest quarterly results, Kinsale Capital reported an EPS of $4.78, exceeding analysts' estimates of $4.41, with a revenue increase of 22.2% year-over-year.
• Kinsale Capital Group recently declared a dividend of $0.17 per share, with a dividend yield of 0.15% and a payout ratio of 3.55%.

GSA Capital Partners LLP purchased a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,228 shares of the financial services provider's stock, valued at approximately $1,084,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Key Financial Inc grew its holdings in Kinsale Capital Group by 315.4% during the 1st quarter. Key Financial Inc now owns 54 shares of the financial services provider's stock valued at $26,000 after buying an additional 41 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new position in Kinsale Capital Group during the first quarter valued at approximately $31,000. NBC Securities Inc. bought a new stake in Kinsale Capital Group during the 1st quarter worth approximately $35,000. von Borstel & Associates Inc. bought a new stake in Kinsale Capital Group during the 1st quarter worth approximately $42,000. Finally, Anderson Financial Strategies LLC purchased a new stake in Kinsale Capital Group in the 4th quarter worth approximately $54,000. 85.36% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Diane D. Schnupp sold 1,398 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $472.00, for a total transaction of $659,856.00. Following the completion of the sale, the executive vice president owned 6,646 shares of the company's stock, valued at approximately $3,136,912. This represents a 17.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.50% of the stock is owned by company insiders.

Kinsale Capital Group Price Performance

NYSE KNSL traded up $3.70 on Friday, reaching $444.39. 189,843 shares of the company's stock traded hands, compared to its average volume of 222,047. The stock has a market cap of $10.36 billion, a PE ratio of 25.46, a P/E/G ratio of 1.63 and a beta of 1.12. 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 12 month low of $405.00 and a 12 month high of $531.79. The stock has a 50-day simple moving average of $472.87 and a 200 day simple moving average of $462.26.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its earnings results on Thursday, July 24th. The financial services provider reported $4.78 EPS 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 company had revenue of $458.70 million for the quarter, compared to analysts' expectations of $436.25 million. During the same quarter last year, the company earned $3.75 EPS. The firm's revenue was up 22.2% compared to the same quarter last year. As a group, research analysts predict that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 30th were given a dividend of $0.17 per share. This represents a yield of 15.0%. The ex-dividend date was Thursday, May 29th. Kinsale Capital Group's dividend payout ratio (DPR) is presently 3.55%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on KNSL shares. JPMorgan Chase & Co. boosted their price target on shares of Kinsale Capital Group from $440.00 to $460.00 and gave the company a "neutral" rating in a research report on Monday. Truist Financial upped their target price on Kinsale Capital Group from $500.00 to $560.00 and gave the stock a "buy" rating in a research note on Monday. Wall Street Zen upgraded Kinsale Capital Group from a "sell" rating to a "hold" rating in a research report on Sunday, June 22nd. 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 research report on Tuesday. Finally, Morgan Stanley raised their target price on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $506.44.

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.