6,309 Shares in Kinsale Capital Group, Inc. $KNSL Purchased by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio purchased 6,309 shares of Kinsale Capital Group in the second quarter, valued at approximately $2.08 million. Institutional investors and hedge funds collectively own 85.36% of the company.
• Kinsale reported strong quarterly results, with earnings of $5.54 per share beating estimates by $0.43 and revenue rising 16.8% year over year to $548.52 million.
• The company declared a quarterly dividend of $0.25 per share, equal to a $1.00 annualized payout and a 0.3% yield. Analysts remain cautious, with a consensus “Reduce” rating and an average price target of $368.78.

Public Employees Retirement System of Ohio purchased a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 6,309 shares of the financial services provider's stock, valued at approximately $2,081,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vident Advisory LLC boosted its position in shares of Kinsale Capital Group by 2.9% in the second quarter. Vident Advisory LLC now owns 825 shares of the financial services provider's stock worth $399,000 after acquiring an additional 23 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Kinsale Capital Group by 20.9% during the second quarter. Smartleaf Asset Management LLC now owns 162 shares of the financial services provider's stock worth $77,000 after purchasing an additional 28 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Kinsale Capital Group by 1.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,161 shares of the financial services provider's stock worth $1,236,000 after purchasing an additional 35 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its stake in Kinsale Capital Group by 4.9% during the first quarter. Fifth Third Wealth Advisors LLC now owns 793 shares of the financial services provider's stock worth $271,000 after purchasing an additional 37 shares during the period. Finally, Strategic Advisors LLC raised its stake in Kinsale Capital Group by 0.4% during the fourth quarter. Strategic Advisors LLC now owns 8,553 shares of the financial services provider's stock worth $3,346,000 after purchasing an additional 38 shares during the period. Institutional investors and hedge funds own 85.36% of the company's stock.

Kinsale Capital Group Price Performance

Kinsale Capital Group stock opened at $372.86 on Monday. Kinsale Capital Group, Inc. has a 52-week low of $287.20 and a 52-week high of $485.00. The firm has a fifty day moving average of $361.07 and a 200-day moving average of $344.17. The firm has a market capitalization of $8.49 billion, a P/E ratio of 15.11, a PEG ratio of 1.18 and a beta of 0.89. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.11.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its earnings results on Thursday, July 23rd. The financial services provider reported $5.54 EPS for the quarter, beating analysts' consensus estimates of $5.11 by $0.43. Kinsale Capital Group had a net margin of 28.49% and a return on equity of 25.54%. The business had revenue of $548.52 million for the quarter, compared to the consensus estimate of $445.13 million. During the same quarter last year, the firm posted $4.78 EPS. The business's revenue for the quarter was up 16.8% compared to the same quarter last year. As a group, analysts predict that Kinsale Capital Group, Inc. will post 21.1 EPS for the current year.

Kinsale Capital Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Friday, August 28th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.00 annualized dividend and a yield of 0.3%. Kinsale Capital Group's dividend payout ratio (DPR) is 4.05%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Morgan Stanley boosted their price objective on shares of Kinsale Capital Group from $345.00 to $390.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 19th. Wall Street Zen raised Kinsale Capital Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 20th. JPMorgan Chase & Co. lifted their target price on Kinsale Capital Group from $380.00 to $390.00 and gave the company a "neutral" rating in a report on Monday, July 20th. TD Cowen reissued a "hold" rating on shares of Kinsale Capital Group in a research report on Tuesday, June 16th. Finally, Wells Fargo & Company upped their price target on Kinsale Capital Group from $366.00 to $377.00 and gave the stock an "equal weight" rating in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Kinsale Capital Group has a consensus rating of "Reduce" and a consensus price target of $368.78.

Kinsale Capital Group Profile

Kinsale Capital Group, Inc NYSE: KNSL is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company's product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.

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