Inspire Investing LLC Boosts Stake 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 increased its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 110.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,180 shares of the financial services provider's stock after purchasing 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 quarter.

Several other large investors have also recently bought and sold shares of KNSL. Anderson Financial Strategies LLC raised its stake in Kinsale Capital Group by 32.5% in the first quarter. Anderson Financial Strategies LLC now owns 155 shares of the financial services provider's stock valued at $75,000 after buying an additional 38 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Kinsale Capital Group by 24.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 367 shares of the financial services provider's stock valued at $179,000 after acquiring an additional 73 shares during the last quarter. Belpointe Asset Management LLC raised its position in shares of Kinsale Capital Group by 37.3% during the 1st quarter. Belpointe Asset Management LLC now owns 2,626 shares of the financial services provider's stock worth $1,278,000 after acquiring an additional 713 shares in the last quarter. Focus Partners Wealth lifted its stake in Kinsale Capital Group by 52.3% during the first quarter. Focus Partners Wealth now owns 18,324 shares of the financial services provider's stock worth $8,918,000 after purchasing an additional 6,293 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Kinsale Capital Group by 2.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 74,134 shares of the financial services provider's stock worth $36,082,000 after purchasing an additional 1,894 shares during the last quarter. Hedge funds and other institutional investors own 85.36% of the company's stock.

Kinsale Capital Group Stock Performance

Shares of NYSE:KNSL traded up $2.51 during trading on Wednesday, reaching $430.81. The company had a trading volume of 127,820 shares, compared to its average volume of 204,626. Kinsale Capital Group, Inc. has a fifty-two week low of $405.00 and a fifty-two week high of $531.79. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.10 and a quick ratio of 0.10. The stock's fifty day moving average price is $456.85 and its 200 day moving average price is $462.35. The firm has a market capitalization of $10.04 billion, a price-to-earnings ratio of 22.47, a price-to-earnings-growth ratio of 1.56 and a beta of 1.13.

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

Kinsale Capital Group Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on KNSL shares. Truist Financial raised their price objective on shares of Kinsale Capital Group from $500.00 to $560.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Bank of America began coverage on shares of Kinsale Capital Group in a research note on Friday, June 20th. They set a "buy" rating and a $543.00 price target on the stock. JPMorgan Chase & Co. raised their price objective on Kinsale Capital Group from $440.00 to $460.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Wall Street Zen raised Kinsale Capital Group from a "sell" rating to a "hold" rating in a research report on Sunday, June 22nd. Finally, Cantor Fitzgerald upgraded Kinsale Capital Group to a "hold" rating in a research note on Wednesday, August 13th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus 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.