Giverny Capital Inc. Grows Stock Holdings in Kinsale Capital Group, Inc. $KNSL

Key Points

• Giverny Capital Inc. increased its stake in Kinsale Capital Group by 87.3%, owning approximately 169,967 shares, which constitutes 3.0% of its investment portfolio.
• Kinsale Capital Group's recent earnings report showed an EPS of $4.78, exceeding analysts' expectations, with revenue growth of 22.2% year-over-year.
• The company announced a $0.17 dividend per share, reflecting a yield of 15.0%, with a payout ratio of 3.55%.

Giverny Capital Inc. lifted its position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 87.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 169,967 shares of the financial services provider's stock after buying an additional 79,208 shares during the quarter. Kinsale Capital Group makes up 3.0% of Giverny Capital Inc.'s investment portfolio, making the stock its 13th largest holding. Giverny Capital Inc. owned approximately 0.73% of Kinsale Capital Group worth $82,725,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of KNSL. Key Financial Inc boosted its holdings in 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 during the period. N.E.W. Advisory Services LLC purchased a new position in shares of Kinsale Capital Group in the 1st quarter valued at about $31,000. NBC Securities Inc. purchased a new position in shares of Kinsale Capital Group in the 1st quarter valued at about $35,000. von Borstel & Associates Inc. acquired a new position in shares of Kinsale Capital Group during the first quarter worth about $42,000. Finally, Anderson Financial Strategies LLC purchased a new stake in shares of Kinsale Capital Group during the fourth quarter worth approximately $54,000. Institutional investors and hedge funds own 85.36% of the company's stock.

Insider Transactions at Kinsale Capital Group

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 1,398 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was 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 directly owned 6,646 shares of the company's stock, valued at $3,136,912. This represents a 17.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.50% of the stock is owned by company insiders.

Kinsale Capital Group Price Performance

Shares of NYSE KNSL opened at $443.47 on Monday. The stock has a market cap of $10.33 billion, a P/E ratio of 23.13, a P/E/G ratio of 1.62 and a beta of 1.12. Kinsale Capital Group, Inc. has a twelve month low of $405.00 and a twelve month high of $531.79. The stock has a 50 day moving average of $467.02 and a two-hundred day moving average of $463.06. 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 earnings results on Thursday, July 24th. The financial services provider reported $4.78 EPS for the quarter, beating analysts' consensus estimates of $4.41 by $0.37. The business had revenue of $458.70 million for the quarter, compared to analysts' expectations of $436.25 million. Kinsale Capital Group had a net margin of 25.92% and a return on equity of 25.93%. The company's quarterly revenue was up 22.2% on a year-over-year basis. During the same period in the previous year, the company posted $3.75 EPS. On average, research analysts forecast that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 30th were given a $0.17 dividend. This represents a yield of 15.0%. The ex-dividend date was Thursday, May 29th. Kinsale Capital Group's payout ratio is 3.55%.

Wall Street Analyst Weigh In

KNSL has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Kinsale Capital Group from a "sell" rating to a "hold" rating in a research note on Sunday, June 22nd. Morgan Stanley raised their price objective 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. Truist Financial boosted their target price 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. Bank of America initiated coverage on Kinsale Capital Group in a report on Friday, June 20th. They issued a "buy" rating and a $543.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their price target on Kinsale Capital Group from $440.00 to $460.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Kinsale Capital Group currently has an average rating of "Hold" and an average target price of $505.80.

Kinsale Capital Group Company 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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