Fox Run Management L.L.C. Makes New Investment in Kinsale Capital Group, Inc. $KNSL

Key Points

• Fox Run Management L.L.C. has acquired a new stake in Kinsale Capital Group, purchasing 1,109 shares valued at approximately $540,000 during the first quarter.
• Analysts have raised their price targets for Kinsale Capital Group, with BMO Capital Markets increasing it from $429.00 to $474.00, highlighting a generally positive outlook on the company.
• Kinsale Capital Group reported impressive earnings, with an EPS of $4.78 for the quarter, surpassing analyst expectations and marking a revenue increase of 22.2% compared to the same period last year.

Fox Run Management L.L.C. acquired a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,109 shares of the financial services provider's stock, valued at approximately $540,000.

Several other hedge funds also recently modified their holdings of the business. Key Financial Inc raised its stake in shares of Kinsale Capital Group by 315.4% in the first quarter. Key Financial Inc now owns 54 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 41 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in Kinsale Capital Group during the first quarter worth $31,000. NBC Securities Inc. acquired a new position in Kinsale Capital Group during the first quarter worth $35,000. von Borstel & Associates Inc. acquired a new position in Kinsale Capital Group during the first quarter worth $42,000. Finally, Anderson Financial Strategies LLC acquired a new position in Kinsale Capital Group during the fourth quarter worth $54,000. 85.36% of the stock is owned by institutional investors.

Insider Transactions at Kinsale Capital Group

In related news, EVP Diane D. Schnupp sold 1,398 shares of Kinsale Capital Group stock in a transaction that occurred 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 sale, the executive vice president 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 5.50% of the company's stock.

Wall Street Analysts Forecast Growth

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

Kinsale Capital Group Trading Down 1.1%

KNSL traded down $4.8520 during midday trading on Friday, reaching $454.2080. 110,420 shares of the company were exchanged, compared to its average volume of 206,581. The stock has a market capitalization of $10.58 billion, a P/E ratio of 23.69, a PEG ratio of 1.69 and a beta of 1.12. 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 stock's 50-day simple moving average is $466.15 and its 200 day simple moving average is $463.14. Kinsale Capital Group, Inc. has a one year low of $405.00 and a one year high of $531.79.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its quarterly earnings results 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 analyst estimates of $436.25 million. Kinsale Capital Group had a return on equity of 25.93% and a net margin of 25.92%.Kinsale Capital Group's revenue was up 22.2% compared to the same quarter last year. During the same quarter last year, the firm posted $3.75 earnings per share. As a group, analysts forecast that Kinsale Capital Group, Inc. will post 17.72 earnings per share 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 $0.17 dividend. 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%.

About Kinsale Capital Group

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.