Epoch Investment Partners Inc. Invests $1.05 Million in Kinsale Capital Group, Inc. $KNSL

Key Points

• Epoch Investment Partners Inc. acquired a new stake in Kinsale Capital Group, purchasing 2,151 shares valued at approximately $1,047,000 in the 1st quarter.
• Kinsale Capital Group's stock was recently upgraded by several analysts, with **target prices** increasing, notably from $440.00 to $460.00 by JPMorgan Chase & Co.
• The company reported a quarterly EPS of $4.78, exceeding analysts' expectations and indicating a 22.2% revenue increase compared to the same quarter last year.

Epoch Investment Partners Inc. purchased a new position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,151 shares of the financial services provider's stock, valued at approximately $1,047,000.

A number of other large investors have also recently made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of Kinsale Capital Group in the 1st quarter worth about $125,003,000. Campbell & CO Investment Adviser LLC bought a new position in Kinsale Capital Group during the 1st quarter valued at about $1,340,000. SVB Wealth LLC bought a new position in Kinsale Capital Group during the 1st quarter valued at about $57,000. Maren Capital LLC grew its holdings in Kinsale Capital Group by 7.4% during the 1st quarter. Maren Capital LLC now owns 162,089 shares of the financial services provider's stock valued at $78,890,000 after purchasing an additional 11,189 shares during the last quarter. Finally, CW Advisors LLC grew its holdings in Kinsale Capital Group by 9.5% during the 1st quarter. CW Advisors LLC now owns 10,476 shares of the financial services provider's stock valued at $5,099,000 after purchasing an additional 911 shares during the last quarter. 85.36% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Diane D. Schnupp sold 1,398 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $472.00, for a total transaction of $659,856.00. Following the completion of the sale, the executive vice president owned 6,646 shares of the company's stock, valued at $3,136,912. This represents a 17.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.50% of the stock is owned by insiders.

Kinsale Capital Group Stock Up 0.6%

Shares of KNSL traded up $2.93 during mid-day trading on Monday, hitting $458.42. The company's stock had a trading volume of 172,866 shares, compared to its average volume of 183,303. The company's 50-day moving average is $464.91 and its 200-day moving average is $461.77. 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 $10.68 billion, a price-to-earnings ratio of 23.91, a PEG ratio of 1.68 and a beta of 1.13. 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 announced its quarterly 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 firm had revenue of $458.70 million during the quarter, compared to analysts' expectations of $436.25 million. During the same quarter in the prior year, the company earned $3.75 EPS. The company's revenue was up 22.2% compared to the same quarter last year. On average, equities research analysts forecast that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

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 dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.68 dividend on an annualized basis and a yield of 0.1%. Kinsale Capital Group's dividend payout ratio is presently 3.55%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Truist Financial upped their price target on shares of Kinsale Capital Group from $500.00 to $560.00 and gave the company a "buy" rating in a report on Monday, July 28th. Compass Point boosted their price objective on shares of Kinsale Capital Group from $432.00 to $490.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Bank of America began coverage on shares of Kinsale Capital Group in a research report on Friday, June 20th. They issued a "buy" rating and a $543.00 price objective for the company. Morgan Stanley boosted their price objective on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. Finally, Wall Street Zen raised shares of Kinsale Capital Group from a "sell" rating to a "hold" rating in a research report on Sunday, June 22nd. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, Kinsale Capital Group currently has a consensus rating of "Hold" and an average price target of $505.80.

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.