California State Teachers Retirement System Has $8.37 Million Stock Holdings in Kinsale Capital Group, Inc. $KNSL

California State Teachers Retirement System lessened its stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 1.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,371 shares of the financial services provider's stock after selling 339 shares during the quarter. California State Teachers Retirement System owned approximately 0.11% of Kinsale Capital Group worth $8,367,610 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Isthmus Partners LLC purchased a new stake in Kinsale Capital Group during the fourth quarter worth about $8,110,000. Life Cycle Investment Partners Ltd bought a new stake in Kinsale Capital Group in the 4th quarter valued at $229,653,000. Stephens Investment Management Group LLC grew its position in Kinsale Capital Group by 37.7% in the 4th quarter. Stephens Investment Management Group LLC now owns 208,075 shares of the financial services provider's stock valued at $81,382,000 after acquiring an additional 56,916 shares during the last quarter. Handelsbanken Fonder AB boosted its position in shares of Kinsale Capital Group by 9.6% in the 4th quarter. Handelsbanken Fonder AB now owns 57,000 shares of the financial services provider's stock worth $22,294,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Cumberland Partners Ltd purchased a new position in Kinsale Capital Group in the fourth quarter valued at $2,347,000. Institutional investors own 85.36% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on KNSL shares. Morgan Stanley lifted their price target on Kinsale Capital Group from $345.00 to $390.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 19th. JPMorgan Chase & Co. increased their target price on shares of Kinsale Capital Group from $380.00 to $390.00 and gave the stock a "neutral" rating in a research report on Monday, July 20th. Wells Fargo & Company lifted their price target on shares of Kinsale Capital Group from $366.00 to $377.00 and gave the stock an "equal weight" rating in a research report on Monday, July 27th. TD Cowen reaffirmed a "hold" rating on shares of Kinsale Capital Group in a report on Tuesday, June 16th. Finally, Weiss Ratings raised Kinsale Capital Group from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Reduce" and an average price target of $368.78.

Kinsale Capital Group Stock Performance

Shares of KNSL stock traded up $4.07 during trading hours on Tuesday, hitting $367.96. The company's stock had a trading volume of 91,183 shares, compared to its average volume of 272,609. The company has a 50 day moving average of $363.57 and a 200 day moving average of $343.67. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.11. The stock has a market cap of $8.38 billion, a PE ratio of 14.91, a price-to-earnings-growth ratio of 1.14 and a beta of 0.89. Kinsale Capital Group, Inc. has a 12-month low of $287.20 and a 12-month high of $485.00.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released 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. The business had revenue of $548.52 million during the quarter, compared to analysts' expectations of $445.13 million. Kinsale Capital Group had a return on equity of 25.54% and a net margin of 28.49%.The business's quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.78 EPS. On average, sell-side analysts forecast that Kinsale Capital Group, Inc. will post 21.1 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Friday, August 28th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, August 28th. Kinsale Capital Group's dividend payout ratio (DPR) is presently 4.05%.

Kinsale Capital Group Company Profile

Kinsale Capital Group, Inc NYSE: KNSL is a specialty insurance company headquartered in Richmond, Virginia. Through its principal subsidiary, Kinsale Insurance Company, the company provides property and casualty insurance products in the excess and surplus lines market, which serves risks that may not be covered by standard insurance carriers.

Kinsale's offerings include commercial property, casualty and specialty insurance for businesses and organizations with complex or higher-risk exposures.

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