Inspire Investing LLC Raises Position in Kinsale Capital Group, Inc. $KNSL

Key Points

• Inspire Investing LLC increased its stake in Kinsale Capital Group by 110.2%, acquiring a total of 9,180 shares valued at $4.47 million after purchasing additional shares in the first quarter.
• Kinsale Capital Group reported a $4.78 EPS for the quarter, exceeding analysts' expectations, with a 22.2% year-over-year revenue growth.
• The company also recently announced a quarterly dividend of $0.17 per share, with a yield of 0.2%, marking a payout ratio of 3.55%.

Inspire Investing LLC boosted its stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 110.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,180 shares of the financial services provider's stock after buying an additional 4,812 shares during the period. Inspire Investing LLC's holdings in Kinsale Capital Group were worth $4,468,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Key Financial Inc lifted 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 worth $26,000 after buying an additional 41 shares during the period. N.E.W. Advisory Services LLC purchased a new position in shares of Kinsale Capital Group during the first quarter valued at approximately $31,000. NBC Securities Inc. purchased a new position in shares of Kinsale Capital Group during the first quarter valued at approximately $35,000. von Borstel & Associates Inc. purchased a new position in shares of Kinsale Capital Group during the first quarter valued at approximately $42,000. Finally, Ancora Advisors LLC purchased a new position in shares of Kinsale Capital Group during the first quarter valued at approximately $49,000. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Kinsale Capital Group Trading Up 2.5%

NYSE:KNSL opened at $436.40 on Friday. 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, Inc. has a 12 month low of $405.00 and a 12 month high of $531.79. The company has a market cap of $10.17 billion, a PE ratio of 22.76, a price-to-earnings-growth ratio of 1.56 and a beta of 1.13. The company has a 50 day simple moving average of $459.90 and a two-hundred day simple moving average of $462.02.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its 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. Kinsale Capital Group had a net margin of 25.92% and a return on equity of 25.93%. The business had revenue of $458.70 million during the quarter, compared to the consensus estimate of $436.25 million. During the same quarter in the previous year, the firm posted $3.75 EPS. The firm's revenue was up 22.2% on a year-over-year basis. Research analysts forecast that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 11th. Shareholders of record on Friday, August 29th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, August 29th. Kinsale Capital Group's payout ratio is 3.55%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on KNSL shares. JPMorgan Chase & Co. lifted their target price 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. Cantor Fitzgerald raised shares of Kinsale Capital Group to a "hold" rating in a research report on Wednesday, August 13th. Compass Point raised their price target 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. Truist Financial raised their price target on shares of Kinsale Capital Group from $500.00 to $560.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Finally, 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 research report on Monday, May 19th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock 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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