Kinsale Capital Group, Inc. $KNSL Stock Holdings Increased by Belpointe Asset Management LLC

Key Points

• Belpointe Asset Management LLC increased its stake in Kinsale Capital Group, acquiring 713 additional shares and lifting its position by 37.3% to a total of 2,626 shares worth $1.28 million.
• Kinsale Capital Group reported earnings of $4.78 per share, exceeding expectations of $4.41, and showing a 22.2% increase in revenue compared to the previous year.
• The company has announced a quarterly dividend of $0.17 per share, representing an annualized dividend yield of 0.2%.

Belpointe Asset Management LLC raised its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 37.3% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,626 shares of the financial services provider's stock after acquiring an additional 713 shares during the quarter. Belpointe Asset Management LLC's holdings in Kinsale Capital Group were worth $1,278,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Private Trust Co. NA grew its position in Kinsale Capital Group by 2.1% in the 1st quarter. Private Trust Co. NA now owns 1,288 shares of the financial services provider's stock valued at $627,000 after acquiring an additional 27 shares during the last quarter. Strategic Advisors LLC boosted its position in Kinsale Capital Group by 0.6% during the first quarter. Strategic Advisors LLC now owns 5,277 shares of the financial services provider's stock valued at $2,568,000 after purchasing an additional 30 shares in the last quarter. Xponance Inc. raised its stake in Kinsale Capital Group by 0.7% in the first quarter. Xponance Inc. now owns 4,496 shares of the financial services provider's stock valued at $2,188,000 after buying an additional 30 shares during the last quarter. Foster Dykema Cabot & Partners LLC lifted its holdings in shares of Kinsale Capital Group by 2.6% during the first quarter. Foster Dykema Cabot & Partners LLC now owns 1,190 shares of the financial services provider's stock worth $579,000 after purchasing an additional 30 shares during the period. Finally, Wealth Alliance LLC lifted its holdings in shares of Kinsale Capital Group by 6.0% during the first quarter. Wealth Alliance LLC now owns 565 shares of the financial services provider's stock worth $275,000 after purchasing an additional 32 shares during the period. Institutional investors own 85.36% of the company's stock.

Kinsale Capital Group Trading Up 0.4%

Shares of KNSL stock traded up $1.75 during mid-day trading on Wednesday, hitting $430.05. 112,827 shares of the company's stock were exchanged, compared to its average volume of 204,462. Kinsale Capital Group, Inc. has a fifty-two week low of $405.00 and a fifty-two week high of $531.79. The stock has a market cap of $10.02 billion, a price-to-earnings ratio of 22.44, a PEG ratio of 1.56 and a beta of 1.13. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.11. The stock has a 50-day simple moving average of $456.85 and a two-hundred day simple moving average of $462.35.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The financial services provider reported $4.78 EPS 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 company had revenue of $458.70 million for the quarter, compared to analyst estimates of $436.25 million. During the same period last year, the company posted $3.75 earnings per share. The firm's revenue was up 22.2% compared to the same quarter last year. Equities analysts expect 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. Stockholders of record on Friday, August 29th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.2%. Kinsale Capital Group's dividend payout ratio (DPR) is presently 3.55%.

Analyst Upgrades and Downgrades

KNSL has been the subject of a number of recent analyst reports. Cantor Fitzgerald upgraded Kinsale Capital Group to a "hold" rating in a research report on Wednesday, August 13th. Bank of America started coverage on Kinsale Capital Group in a research note on Friday, June 20th. They set a "buy" rating and a $543.00 price objective on the stock. Compass Point boosted their price objective on Kinsale Capital Group from $432.00 to $490.00 and gave the company a "neutral" rating in a report on Monday, July 28th. BMO Capital Markets upped their price target on Kinsale Capital Group from $429.00 to $474.00 and gave the stock a "market perform" rating in a report on Tuesday, July 29th. Finally, Wall Street Zen raised Kinsale Capital Group from a "sell" rating to a "hold" rating in a research report on Sunday, June 22nd. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $505.80.

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.