GAMMA Investing LLC Purchases 308,540 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

GAMMA Investing LLC grew its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 59,220.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 309,061 shares of the financial services provider's stock after acquiring an additional 308,540 shares during the period. GAMMA Investing LLC owned about 1.33% of Kinsale Capital Group worth $150,423,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC increased its position in Kinsale Capital Group by 10.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,244 shares of the financial services provider's stock valued at $1,044,000 after purchasing an additional 206 shares during the period. Cim LLC boosted its stake in shares of Kinsale Capital Group by 1.6% in the 4th quarter. Cim LLC now owns 3,414 shares of the financial services provider's stock valued at $1,588,000 after purchasing an additional 55 shares during the last quarter. Capital A Wealth Management LLC acquired a new stake in shares of Kinsale Capital Group during the fourth quarter worth $123,000. Ascent Group LLC increased its position in shares of Kinsale Capital Group by 7.0% during the fourth quarter. Ascent Group LLC now owns 8,118 shares of the financial services provider's stock worth $3,776,000 after buying an additional 533 shares during the period. Finally, Novem Group bought a new position in Kinsale Capital Group during the fourth quarter worth $778,000. Institutional investors and hedge funds own 85.36% of the company's stock.

Kinsale Capital Group Stock Down 0.9%

Kinsale Capital Group stock traded down $4.45 during mid-day trading on Wednesday, reaching $469.54. The stock had a trading volume of 88,524 shares, compared to its average volume of 169,972. Kinsale Capital Group, Inc. has a fifty-two week low of $366.92 and a fifty-two week high of $531.79. The firm has a market capitalization of $10.95 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 1.66 and a beta of 1.29. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. The stock's 50-day simple moving average is $465.28 and its 200-day simple moving average is $463.28.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $3.71 EPS for the quarter, topping the consensus estimate of $3.15 by $0.56. The firm had revenue of $423.40 million during the quarter, compared to the consensus estimate of $425.73 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The company's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business posted $3.50 earnings per share. On average, sell-side analysts forecast that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.17 per share. This represents a yield of 0.15%. The ex-dividend date of this dividend is Thursday, May 29th. Kinsale Capital Group's dividend payout ratio (DPR) is presently 3.91%.

Wall Street Analyst Weigh In

KNSL has been the topic of a number of research analyst reports. JMP Securities reaffirmed a "market perform" rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Morgan Stanley upped their target price on Kinsale Capital Group from $490.00 to $525.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. JPMorgan Chase & Co. decreased their target price on Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Truist Financial dropped their price target on Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $500.00 price target on shares of Kinsale Capital Group in a report on Tuesday, February 18th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $484.57.

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.