2,754 Shares in Kinsale Capital Group, Inc. $KNSL Acquired by Campbell & CO Investment Adviser LLC

Key Points

• Campbell & CO Investment Adviser LLC acquired 2,754 shares of Kinsale Capital Group, Inc. valued at approximately $1.34 million in the first quarter, indicating growing interest from institutional investors.
• Several hedge funds, including Bridges Investment Management Inc. and M&T Bank Corp, significantly increased their stakes in Kinsale Capital Group during the same period, reflecting a strong institutional backing.
• Kinsale Capital Group reported a solid quarterly earnings result, with earnings per share surpassing expectations, while also announcing a $0.17 quarterly dividend to be paid to investors later this year.

Campbell & CO Investment Adviser LLC acquired a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 2,754 shares of the financial services provider's stock, valued at approximately $1,340,000.

Several other large investors also recently made changes to their positions in KNSL. Key Financial Inc boosted its holdings in shares of Kinsale Capital Group by 315.4% in the 1st 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 during the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of Kinsale Capital Group during the 1st quarter worth approximately $31,000. NBC Securities Inc. acquired a new position in shares of Kinsale Capital Group during the 1st quarter worth approximately $35,000. von Borstel & Associates Inc. acquired a new position in shares of Kinsale Capital Group during the 1st quarter worth approximately $42,000. Finally, Anderson Financial Strategies LLC acquired a new position in shares of Kinsale Capital Group during the 4th quarter worth approximately $54,000. Institutional investors and hedge funds own 85.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Cantor Fitzgerald raised Kinsale Capital Group to a "hold" rating in a report on Wednesday, August 13th. Truist Financial boosted their target price on Kinsale Capital Group from $500.00 to $560.00 and gave the stock a "buy" rating in a report on Monday, July 28th. 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 report on Monday, July 28th. Wall Street Zen raised Kinsale Capital Group from a "sell" rating to a "hold" rating in a report on Sunday, June 22nd. Finally, BMO Capital Markets boosted their target price 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. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Kinsale Capital Group presently has an average rating of "Hold" and an average price target of $505.80.

Insider Transactions at Kinsale Capital Group

In related news, EVP Diane D. Schnupp sold 1,398 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $472.00, for a total transaction of $659,856.00. Following the sale, the executive vice president owned 6,646 shares of the company's stock, valued at $3,136,912. This represents a 17.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 5.50% of the stock is owned by corporate insiders.

Kinsale Capital Group Stock Performance

NYSE:KNSL traded up $2.93 during mid-day trading on Monday, hitting $458.42. 172,866 shares of the stock were exchanged, compared to its average volume of 183,303. The stock has a market capitalization of $10.68 billion, a price-to-earnings ratio of 23.91, a price-to-earnings-growth ratio of 1.68 and a beta of 1.13. The firm's 50-day simple moving average is $464.49 and its 200 day simple moving average is $461.83. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.10 and a current ratio of 0.10. Kinsale Capital Group, Inc. has a fifty-two week low of $405.00 and a fifty-two week high of $531.79.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The financial services provider reported $4.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.41 by $0.37. The business had revenue of $458.70 million for the quarter, compared to the consensus estimate of $436.25 million. Kinsale Capital Group had a return on equity of 25.93% and a net margin of 25.92%.The firm's quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.75 earnings per share. As a group, equities analysts anticipate 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 will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.68 dividend on an annualized basis and a yield of 0.1%. Kinsale Capital Group's dividend payout ratio is currently 3.55%.

Kinsale Capital Group Company 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.