Charles Schwab Investment Management Inc. Acquires 8,725 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Charles Schwab Investment Management Inc. boosted its stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 5.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 161,170 shares of the financial services provider's stock after buying an additional 8,725 shares during the period. Charles Schwab Investment Management Inc. owned 0.69% of Kinsale Capital Group worth $78,443,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in Kinsale Capital Group by 59,220.7% in the 1st quarter. GAMMA Investing LLC now owns 309,061 shares of the financial services provider's stock valued at $150,423,000 after acquiring an additional 308,540 shares during the last quarter. Madison Asset Management LLC purchased a new stake in Kinsale Capital Group in the 1st quarter worth approximately $76,235,000. GW&K Investment Management LLC lifted its position in Kinsale Capital Group by 46.6% in the 1st quarter. GW&K Investment Management LLC now owns 166,866 shares of the financial services provider's stock worth $81,215,000 after buying an additional 53,064 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Kinsale Capital Group by 105.9% in the fourth quarter. Ameriprise Financial Inc. now owns 89,253 shares of the financial services provider's stock worth $41,509,000 after buying an additional 45,896 shares during the last quarter. Finally, Natixis Advisors LLC increased its holdings in Kinsale Capital Group by 261.8% in the first quarter. Natixis Advisors LLC now owns 58,914 shares of the financial services provider's stock worth $28,674,000 after buying an additional 42,630 shares during the last quarter. Institutional investors own 85.36% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Morgan Stanley increased their price objective on Kinsale Capital Group from $490.00 to $525.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. Compass Point upped their price objective on shares of Kinsale Capital Group from $432.00 to $490.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Truist Financial upped their price objective on shares of Kinsale Capital Group from $500.00 to $560.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Wall Street Zen raised shares of Kinsale Capital Group from a "sell" rating to a "hold" rating in a report on Sunday, June 22nd. Finally, Cantor Fitzgerald raised shares of Kinsale Capital Group to a "hold" rating in a report on Wednesday. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $505.80.

Insider Activity

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 1,398 shares of Kinsale Capital Group stock in a transaction 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.50% of the company's stock.

Kinsale Capital Group Stock Performance

KNSL traded down $10.21 during trading on Friday, reaching $443.47. 245,972 shares of the company's stock were exchanged, compared to its average volume of 207,819. Kinsale Capital Group, Inc. has a fifty-two week low of $405.00 and a fifty-two week high of $531.79. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.11. The business has a 50 day moving average price of $467.02 and a 200 day moving average price of $462.77. The company has a market capitalization of $10.33 billion, a P/E ratio of 23.13, a PEG ratio of 1.67 and a beta of 1.12.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The financial services provider reported $4.78 earnings per share for the quarter, topping 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 firm had revenue of $458.70 million for the quarter, compared to the consensus estimate of $436.25 million. During the same quarter in the previous year, the company earned $3.75 earnings per share. The business's revenue was up 22.2% compared to the same quarter last year. As a group, analysts predict that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 30th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a dividend yield of 15.0%. Kinsale Capital Group's dividend payout ratio (DPR) is presently 3.55%.

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.