Campbell & CO Investment Adviser LLC Makes New Investment in Kinsale Capital Group, Inc. $KNSL

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 position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,754 shares of the financial services provider's stock, valued at approximately $1,340,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of KNSL. Cambridge Investment Research Advisors Inc. increased its position in Kinsale Capital Group by 10.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,614 shares of the financial services provider's stock worth $1,272,000 after buying an additional 254 shares in the last quarter. Bridges Investment Management Inc. raised its stake in shares of Kinsale Capital Group by 111.5% in the first quarter. Bridges Investment Management Inc. now owns 5,026 shares of the financial services provider's stock worth $2,446,000 after buying an additional 2,650 shares during the period. M&T Bank Corp increased its holdings in Kinsale Capital Group by 43.4% in the 1st quarter. M&T Bank Corp now owns 3,672 shares of the financial services provider's stock worth $1,787,000 after acquiring an additional 1,111 shares in the last quarter. Artemis Investment Management LLP increased its holdings in Kinsale Capital Group by 43.9% in the 1st quarter. Artemis Investment Management LLP now owns 80,924 shares of the financial services provider's stock worth $39,387,000 after acquiring an additional 24,681 shares in the last quarter. Finally, Moody Aldrich Partners LLC purchased a new stake in Kinsale Capital Group in the 1st quarter worth approximately $270,000. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kinsale Capital Group

In related news, EVP Diane D. Schnupp sold 1,398 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $472.00, for a total value of $659,856.00. Following the completion of the transaction, the executive vice president directly owned 6,646 shares of the company's stock, valued at approximately $3,136,912. This trade represents a 17.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 5.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on KNSL. Wall Street Zen raised shares of Kinsale Capital Group from a "sell" rating to a "hold" rating in a research note on Sunday, June 22nd. JPMorgan Chase & Co. increased their price target on Kinsale Capital Group from $440.00 to $460.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Compass Point increased their price target on Kinsale Capital Group from $432.00 to $490.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. BMO Capital Markets increased their target price on Kinsale Capital Group from $429.00 to $474.00 and gave the stock a "market perform" rating in a research report on Tuesday, July 29th. Finally, Bank of America initiated coverage on Kinsale Capital Group in a research report on Friday, June 20th. They set a "buy" rating and a $543.00 target price for the company. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $505.80.

Kinsale Capital Group Trading Up 0.7%

Shares of Kinsale Capital Group stock opened at $452.25 on Wednesday. The firm has a market cap of $10.54 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 1.65 and a beta of 1.12. The business has a 50-day moving average price of $465.49 and a 200-day moving average price of $462.43. 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 twelve month low of $405.00 and a twelve month high of $531.79.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued 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. The firm had revenue of $458.70 million during the quarter, compared to analyst estimates of $436.25 million. Kinsale Capital Group had a return on equity of 25.93% and a net margin of 25.92%.The business's quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter last year, the business posted $3.75 earnings per share. Equities research analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be issued a $0.17 dividend. 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%.

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.

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