7,366 Shares in Kinsale Capital Group, Inc. $KNSL Acquired by Deutsche Bank AG

Deutsche Bank AG purchased a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,366 shares of the financial services provider's stock, valued at approximately $2,429,000.

Other large investors have also recently bought and sold shares of the company. Bayban acquired a new stake in shares of Kinsale Capital Group in the 4th quarter valued at $25,000. International Assets Investment Management LLC acquired a new stake in shares of Kinsale Capital Group during the 4th quarter worth about $29,000. Johnson Financial Group Inc. lifted its holdings in Kinsale Capital Group by 257.1% during the 3rd quarter. Johnson Financial Group Inc. now owns 75 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 54 shares during the last quarter. Larson Financial Group LLC lifted its holdings in Kinsale Capital Group by 225.0% during the 3rd quarter. Larson Financial Group LLC now owns 78 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 54 shares during the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in Kinsale Capital Group in the second quarter valued at about $38,000. 85.36% of the stock is currently owned by institutional investors.

Kinsale Capital Group Stock Performance

Shares of KNSL stock opened at $381.66 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.09 and a current ratio of 0.09. Kinsale Capital Group, Inc. has a 52 week low of $287.20 and a 52 week high of $485.00. The company's 50 day moving average price is $352.95 and its two-hundred day moving average price is $344.72. The company has a market capitalization of $8.69 billion, a P/E ratio of 15.46, a price-to-earnings-growth ratio of 1.22 and a beta of 0.89.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $5.54 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $548.52 million during the quarter, compared to the consensus estimate of $445.13 million. During the same quarter in the prior year, the firm earned $4.78 earnings per share. The firm's revenue was up 16.8% compared to the same quarter last year. On average, analysts expect that Kinsale Capital Group, Inc. will post 21.1 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Friday, August 28th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, August 28th. Kinsale Capital Group's dividend payout ratio is 4.05%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Weiss Ratings raised shares of Kinsale Capital Group from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, August 19th. JPMorgan Chase & Co. increased their price target on Kinsale Capital Group from $380.00 to $390.00 and gave the stock a "neutral" rating in a research report on Monday, July 20th. Wall Street Zen raised Kinsale Capital Group from a "sell" rating to a "hold" rating in a report on Saturday, June 20th. Morgan Stanley lifted their price objective on Kinsale Capital Group from $345.00 to $390.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 19th. Finally, Wells Fargo & Company boosted their price objective 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 research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Reduce" and an average price target of $368.78.

Insider Transactions at Kinsale Capital Group

In other news, CAO Christopher R. Tangard purchased 330 shares of the company's stock in a transaction on Monday, June 8th. The shares were purchased at an average price of $304.00 per share, with a total value of $100,320.00. Following the purchase, the chief accounting officer directly owned 380 shares of the company's stock, valued at $115,520. This trade represents a 660.00% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 5.60% of the company's stock.

About Kinsale Capital Group

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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