3,463 Shares of Kinsale Capital Group, Inc. $KNSL Purchased by Integrity Alliance LLC.

Key Points

• Integrity Alliance LLC. initiated a position in Kinsale Capital Group, buying 3,463 shares valued at approximately $1.12 million. Institutional investors collectively own 85.36% of the stock.
• Kinsale beat quarterly estimates, reporting $5.70 earnings per share versus analysts’ $5.11 consensus and revenue of $454.8 million versus $401.4 million expected.
• Analyst sentiment was mostly cautious: eight analysts rated the stock Hold, while one rated it Buy and two rated it Sell. MarketBeat reported an average rating of “Reduce” and a consensus price target of $352.88.

Integrity Alliance LLC. purchased a new position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,463 shares of the financial services provider's stock, valued at approximately $1,118,000.

Several other hedge funds have also recently made changes to their positions in the stock. Signaturefd LLC raised its position in Kinsale Capital Group by 56.5% in the third quarter. Signaturefd LLC now owns 108 shares of the financial services provider's stock worth $35,000 after acquiring an additional 39 shares during the period. TD Waterhouse Canada Inc. increased its stake in shares of Kinsale Capital Group by 296.7% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 119 shares of the financial services provider's stock worth $40,000 after purchasing an additional 89 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Kinsale Capital Group by 185.7% in the 1st quarter. Parallel Advisors LLC now owns 120 shares of the financial services provider's stock worth $41,000 after purchasing an additional 78 shares in the last quarter. Root Financial Partners LLC bought a new position in Kinsale Capital Group in the 3rd quarter worth $53,000. Finally, Western Wealth Management LLC bought a new position in Kinsale Capital Group in the 1st quarter worth $60,000. 85.36% of the stock is owned by hedge funds and other institutional investors.

Kinsale Capital Group Price Performance

NYSE:KNSL opened at $397.10 on Friday. The business's 50-day simple moving average is $358.56 and its two-hundred day simple moving average is $352.11. Kinsale Capital Group, Inc. has a 52 week low of $287.20 and a 52 week high of $421.90. The stock has a market cap of $8.94 billion, a PE ratio of 17.68, a P/E/G ratio of 1.20 and a beta of 0.81. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.12.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $5.70 earnings per share for the quarter, topping analysts' consensus estimates of $5.11 by $0.59. Kinsale Capital Group had a return on equity of 25.73% and a net margin of 26.89%. The firm had revenue of $454.80 million during the quarter, compared to analyst estimates of $401.43 million. During the same quarter in the prior year, the company posted $5.21 earnings per share. As a group, analysts forecast that Kinsale Capital Group, Inc. will post 21.80 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Friday, August 28th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.3%. Kinsale Capital Group's payout ratio is currently 4.36%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Royal Bank Of Canada boosted their price target on Kinsale Capital Group from $375.00 to $400.00 and gave the company a "sector perform" rating in a report on Monday, October 26th. Citigroup restated a "market perform" rating on shares of Kinsale Capital Group in a research report on Friday, October 23rd. Cantor Fitzgerald raised their price objective on Kinsale Capital Group from $264.00 to $285.00 and gave the stock a "neutral" rating in a research note on Monday, October 26th. Morgan Stanley lowered their price objective on Kinsale Capital Group from $390.00 to $350.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 6th. Finally, Weiss Ratings upgraded Kinsale Capital Group from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, October 6th. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Kinsale Capital Group currently has an average rating of "Reduce" and a consensus price target of $352.88.

About Kinsale Capital Group

Kinsale Capital Group, Inc is a specialty insurance company headquartered in Richmond, Virginia. Through its insurance subsidiaries, the company focuses primarily on the excess and surplus lines market, providing coverage for risks that may be difficult to insure through standard commercial insurance channels.

Kinsale offers a range of commercial property and casualty products, including coverage for commercial property, general liability, professional liability, inland marine, commercial auto, workers' compensation and other specialty risks.

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