Callan Family Office LLC Buys New Stake in Kinsale Capital Group, Inc. $KNSL

Key Points

• Callan Family Office LLC has acquired a new stake in Kinsale Capital Group, buying 1,096 shares valued at approximately $530,000.
• Kinsale Capital Group recently reported strong earnings, with $4.78 EPS for the quarter, exceeding analysts' expectations and showing a 22.2% increase in revenue year-over-year.
• The company has also declared a quarterly dividend of $0.17 per share, reflecting a modest dividend yield of 0.1%.

Callan Family Office LLC bought a new stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,096 shares of the financial services provider's stock, valued at approximately $530,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. UMB Bank n.a. lifted its holdings in shares of Kinsale Capital Group by 11.3% during the 2nd quarter. UMB Bank n.a. now owns 237 shares of the financial services provider's stock valued at $115,000 after acquiring an additional 24 shares in the last quarter. Private Trust Co. NA lifted its holdings 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 worth $627,000 after buying an additional 27 shares in the last quarter. Strategic Advisors LLC lifted its holdings in Kinsale Capital Group by 0.6% in the 1st quarter. Strategic Advisors LLC now owns 5,277 shares of the financial services provider's stock worth $2,568,000 after buying an additional 30 shares in the last quarter. Xponance Inc. lifted its holdings in Kinsale Capital Group by 0.7% in the 1st quarter. Xponance Inc. now owns 4,496 shares of the financial services provider's stock worth $2,188,000 after buying an additional 30 shares in the last quarter. Finally, Foster Dykema Cabot & Partners LLC lifted its holdings in Kinsale Capital Group by 2.6% in the 1st quarter. Foster Dykema Cabot & Partners LLC now owns 1,190 shares of the financial services provider's stock worth $579,000 after buying an additional 30 shares in the last quarter. Institutional investors and hedge funds own 85.36% of the company's stock.

Kinsale Capital Group Price Performance

Shares of NYSE:KNSL opened at $473.22 on Wednesday. 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 fifty-two week low of $405.00 and a fifty-two week high of $531.79. The firm has a 50-day simple moving average of $446.29 and a 200 day simple moving average of $460.55. The company has a market cap of $11.03 billion, a PE ratio of 24.69, a P/E/G ratio of 1.73 and a beta of 1.09.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The financial services provider reported $4.78 earnings per share for the quarter, beating analysts' consensus estimates of $4.41 by $0.37. Kinsale Capital Group had a net margin of 25.92% and a return on equity of 25.93%. The business had revenue of $458.70 million during the quarter, compared to the consensus estimate of $436.25 million. During the same quarter in the prior year, the firm earned $3.75 EPS. The company's revenue for the quarter was up 22.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 11th. Investors of record on Friday, August 29th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, August 29th. Kinsale Capital Group's dividend payout ratio is currently 3.55%.

Wall Street Analyst Weigh In

KNSL has been the topic of a number of recent analyst reports. Cantor Fitzgerald upgraded shares of Kinsale Capital Group to a "hold" rating in a report on Wednesday, August 13th. Wall Street Zen upgraded shares of Kinsale Capital Group from a "sell" rating to a "hold" rating in a report on Sunday, June 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Kinsale Capital Group from $440.00 to $460.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. BMO Capital Markets boosted their price objective 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. Finally, Bank of America initiated coverage on shares of Kinsale Capital Group in a report on Friday, June 20th. They issued a "buy" rating and a $543.00 price objective on the stock. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $506.89.

Kinsale Capital Group Profile

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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