635 Shares in Kinsale Capital Group, Inc. $KNSL Acquired by Index Fund Advisors Inc.

Key Points

• Index Fund Advisors Inc. has acquired 635 shares of Kinsale Capital Group, valued at approximately $307,000, indicating institutional interest in the financial services provider.
• Analysts have adjusted their target prices for Kinsale Capital Group, with estimates ranging from $460.00 to $543.00, reflecting a general positive outlook on the company’s stock.
• Kinsale Capital Group reported earnings of $4.78 per share for the last quarter, surpassing expectations, and its revenue increased by 22.2% year-over-year.

Index Fund Advisors Inc. bought a new position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 635 shares of the financial services provider's stock, valued at approximately $307,000.

Other hedge funds also recently modified their holdings of the company. Key Financial Inc boosted its stake in Kinsale Capital Group by 315.4% during the first 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 acquired a new stake in Kinsale Capital Group in the 1st quarter valued at about $31,000. V Square Quantitative Management LLC bought a new position in shares of Kinsale Capital Group during the 2nd quarter valued at about $31,000. von Borstel & Associates Inc. acquired a new position in shares of Kinsale Capital Group in the 1st quarter worth approximately $42,000. Finally, Toth Financial Advisory Corp raised its holdings in shares of Kinsale Capital Group by 90.0% in the 2nd quarter. Toth Financial Advisory Corp now owns 95 shares of the financial services provider's stock worth $46,000 after purchasing an additional 45 shares in the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. BMO Capital Markets raised their target price 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. JPMorgan Chase & Co. increased their price objective on Kinsale Capital Group from $440.00 to $460.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Bank of America assumed coverage on Kinsale Capital Group in a report on Friday, June 20th. They issued a "buy" rating and a $543.00 target price on the stock. Compass Point boosted their target price on Kinsale Capital Group from $432.00 to $490.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Kinsale Capital Group in a research report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, Kinsale Capital Group has a consensus rating of "Hold" and a consensus price target of $506.89.

Kinsale Capital Group Price Performance

KNSL opened at $469.89 on Monday. The firm has a market capitalization of $10.95 billion, a P/E ratio of 24.51, a PEG ratio of 1.72 and a beta of 1.09. The stock has a fifty day moving average of $445.23 and a 200-day moving average of $460.54. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.11. Kinsale Capital Group, Inc. has a 12-month low of $405.00 and a 12-month high of $531.79.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its quarterly earnings results 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 return on equity of 25.93% and a net margin of 25.92%.The firm had revenue of $458.70 million for the quarter, compared to analyst estimates of $436.25 million. During the same period in the previous year, the firm earned $3.75 earnings per share. Kinsale Capital Group's quarterly revenue was up 22.2% on a year-over-year basis. Equities analysts forecast that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 11th. Investors of record on Friday, August 29th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.1%. 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.

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