Dover Advisors LLC Has $669,000 Stake in Kinsale Capital Group, Inc. $KNSL

Key Points

• Dover Advisors LLC reduced its stake in Kinsale Capital Group by 46.1% during the 2nd quarter, now holding 1,383 shares valued at approximately $669,000.
• Institutional investors own 85.36% of Kinsale Capital Group, with significant increases in holdings from firms like Key Financial Inc and N.E.W. Advisory Services LLC.
• Kinsale Capital Group reported a quarterly EPS of $4.78, surpassing estimates, and announced a quarterly dividend of $0.17 per share, yielding 0.2% annually.

Dover Advisors LLC decreased its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 46.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,383 shares of the financial services provider's stock after selling 1,184 shares during the quarter. Dover Advisors LLC's holdings in Kinsale Capital Group were worth $669,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Key Financial Inc increased its holdings in shares of Kinsale Capital Group by 315.4% during the 1st quarter. Key Financial Inc now owns 54 shares of the financial services provider's stock worth $26,000 after purchasing an additional 41 shares during the period. N.E.W. Advisory Services LLC bought a new position in shares of Kinsale Capital Group during the 1st quarter worth about $31,000. NBC Securities Inc. bought a new position in shares of Kinsale Capital Group during the 1st quarter worth about $35,000. von Borstel & Associates Inc. bought a new position in shares of Kinsale Capital Group during the 1st quarter worth about $42,000. Finally, Ancora Advisors LLC bought a new position in shares of Kinsale Capital Group during the 1st quarter worth about $49,000. Institutional investors own 85.36% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. 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. 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 research note on Monday, July 28th. JPMorgan Chase & Co. raised their price target on shares of Kinsale Capital Group from $440.00 to $460.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Morgan Stanley raised their price target on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the company an "overweight" rating in a report on Monday, May 19th. Finally, Bank of America began coverage on shares of Kinsale Capital Group in a report on Friday, June 20th. They issued a "buy" rating and a $543.00 price objective on the stock. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, Kinsale Capital Group currently has a consensus rating of "Hold" and a consensus price target of $505.80.

Kinsale Capital Group Trading Down 1.0%

KNSL opened at $431.89 on Monday. The firm's fifty day moving average is $458.95 and its two-hundred day moving average is $462.63. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.10 and a current ratio of 0.10. The firm has a market cap of $10.06 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 1.59 and a beta of 1.13. 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 posted its earnings results on Thursday, July 24th. The financial services provider reported $4.78 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $458.70 million for the quarter, compared to analyst estimates of $436.25 million. During the same period last year, the business posted $3.75 earnings per share. The business's revenue for the quarter was up 22.2% compared to the same quarter last year. Equities research analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 11th. Investors of record on Friday, August 29th were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.68 dividend on an annualized basis and a yield of 0.2%. Kinsale Capital Group's dividend payout ratio (DPR) is 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.

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