Dimensional Fund Advisors LP Grows Stake in Kinsale Capital Group, Inc. $KNSL

Key Points

• Dimensional Fund Advisors LP increased its holdings in Kinsale Capital Group by 13.2%, acquiring an additional 26,282 shares in the first quarter, resulting in ownership of approximately 0.97% of the company valued at $109.6 million.
• A majority of the stock, 85.36%, is owned by institutional investors and hedge funds, showcasing significant institutional interest in Kinsale Capital Group.
• Kinsale Capital recently announced a quarterly dividend of $0.17 per share, with a yield of 0.1%, reflecting the company's ongoing profitability and commitment to shareholders.

Dimensional Fund Advisors LP increased its position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 13.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 225,186 shares of the financial services provider's stock after acquiring an additional 26,282 shares during the period. Dimensional Fund Advisors LP owned approximately 0.97% of Kinsale Capital Group worth $109,589,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Key Financial Inc grew 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 worth $26,000 after acquiring an additional 41 shares during the period. N.E.W. Advisory Services LLC acquired a new stake in shares of Kinsale Capital Group in the 1st quarter worth approximately $31,000. NBC Securities Inc. acquired a new stake in Kinsale Capital Group during the 1st quarter valued at $35,000. von Borstel & Associates Inc. acquired a new stake in Kinsale Capital Group during the 1st quarter valued at $42,000. Finally, Anderson Financial Strategies LLC acquired a new stake in Kinsale Capital Group during the 4th quarter valued at $54,000. Institutional investors and hedge funds own 85.36% of the company's stock.

Kinsale Capital Group Trading Up 0.1%

Shares of Kinsale Capital Group stock traded up $0.33 during trading hours on Thursday, reaching $455.41. 94,992 shares of the company's stock were exchanged, compared to its average volume of 187,447. Kinsale Capital Group, Inc. has a 52-week low of $405.00 and a 52-week high of $531.79. The firm has a market capitalization of $10.61 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 1.67 and a beta of 1.12. The company has a fifty day moving average of $465.25 and a 200-day moving average of $462.18. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.11.

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 for the quarter, topping analysts' consensus estimates of $4.41 by $0.37. Kinsale Capital Group had a return on equity of 25.93% and a net margin of 25.92%.The company had revenue of $458.70 million for the quarter, compared to analyst estimates of $436.25 million. During the same quarter in the prior year, the company posted $3.75 EPS. The business's revenue for the quarter was up 22.2% compared to the same quarter last year. Sell-side analysts forecast that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, August 29th. Kinsale Capital Group's dividend payout ratio (DPR) is 3.55%.

Analyst Ratings Changes

KNSL has been the topic of a number of analyst reports. Compass Point increased their target price on Kinsale Capital Group from $432.00 to $490.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Morgan Stanley increased their target price on Kinsale Capital Group from $490.00 to $525.00 and gave the company an "overweight" rating in a report on Monday, May 19th. JPMorgan Chase & Co. increased their target price on Kinsale Capital Group from $440.00 to $460.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Bank of America initiated coverage on Kinsale Capital Group in a report on Friday, June 20th. They set a "buy" rating and a $543.00 target price on the stock. Finally, Wall Street Zen upgraded Kinsale Capital Group from a "sell" rating to a "hold" rating in a report on Sunday, June 22nd. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $505.80.

Insider Buying and Selling at Kinsale Capital Group

In related news, EVP Diane D. Schnupp sold 1,398 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $472.00, for a total value of $659,856.00. Following 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 5.50% of the company's stock.

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.