6,400 Shares in Kinsale Capital Group, Inc. $KNSL Bought by Canada Pension Plan Investment Board

Key Points

• The Canada Pension Plan Investment Board made a new investment of approximately $3.12 million in Kinsale Capital Group during the first quarter, acquiring 6,400 shares.
• Analysts have recently upgraded Kinsale Capital Group's stock ratings, with price targets ranging from $474.00 to $560.00, indicating a generally positive outlook.
• Kinsale Capital Group's recent earnings report showed a net margin of 25.92% and a quarterly revenue increase of 22.2% year-over-year.

Canada Pension Plan Investment Board acquired a new stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 6,400 shares of the financial services provider's stock, valued at approximately $3,115,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. DAVENPORT & Co LLC boosted its position in shares of Kinsale Capital Group by 6.2% in the first quarter. DAVENPORT & Co LLC now owns 543,349 shares of the financial services provider's stock valued at $263,233,000 after acquiring an additional 31,480 shares during the period. JPMorgan Chase & Co. increased its stake in Kinsale Capital Group by 39.8% in the 1st quarter. JPMorgan Chase & Co. now owns 460,651 shares of the financial services provider's stock worth $224,204,000 after purchasing an additional 131,056 shares during the period. Geneva Capital Management LLC boosted its holdings in Kinsale Capital Group by 0.6% in the first quarter. Geneva Capital Management LLC now owns 405,363 shares of the financial services provider's stock worth $197,294,000 after acquiring an additional 2,449 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Kinsale Capital Group by 59,220.7% during the first quarter. GAMMA Investing LLC now owns 309,061 shares of the financial services provider's stock worth $150,423,000 after purchasing an additional 308,540 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of Kinsale Capital Group during the 1st quarter worth approximately $125,003,000. Institutional investors own 85.36% of the company's stock.

Kinsale Capital Group Stock Down 0.4%

Shares of KNSL traded down $1.69 during mid-day trading on Monday, reaching $453.72. The company's stock had a trading volume of 78,399 shares, compared to its average volume of 204,777. Kinsale Capital Group, Inc. has a 12-month low of $405.00 and a 12-month high of $531.79. The stock has a market cap of $10.57 billion, a PE ratio of 23.67, a price-to-earnings-growth ratio of 1.67 and a beta of 1.13. The company's 50 day moving average is $463.06 and its 200 day moving average is $462.16. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.10 and a quick ratio of 0.10.

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 EPS for the quarter, topping analysts' consensus estimates of $4.41 by $0.37. The company had revenue of $458.70 million for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.75 earnings per share. Equities analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.17 per share. The ex-dividend date is Friday, August 29th. This represents a $0.68 annualized dividend and a yield of 0.1%. Kinsale Capital Group's payout ratio is currently 3.55%.

Wall Street Analyst Weigh In

A number of research firms have commented on KNSL. Cantor Fitzgerald upgraded Kinsale Capital Group to a "hold" rating in a research note on Wednesday, August 13th. Morgan Stanley increased their target price on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. Wall Street Zen upgraded shares of Kinsale Capital Group from a "sell" rating to a "hold" rating in a research report on Sunday, June 22nd. Bank of America started coverage on shares of Kinsale Capital Group in a report on Friday, June 20th. They issued a "buy" rating and a $543.00 target price on the stock. Finally, JPMorgan Chase & Co. boosted their target price on shares of Kinsale Capital Group from $440.00 to $460.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $505.80.

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.