Intrinsic Value Partners LLC Acquires 2,937 Shares of Kinsale Capital Group, Inc. $KNSL

Key Points

• Intrinsic Value Partners LLC raised its stake in Kinsale Capital Group (NYSE:KNSL) by 106.6% in Q4, adding 2,937 shares to hold 5,691 shares valued at $2.226 million, which is 1.7% of the fund's portfolio and its 16th largest position.
• Kinsale posted a quarterly earnings beat (EPS $5.81 vs. $5.30) on $483.3M revenue, and has both raised its dividend to $0.25 quarterly and authorized a $250 million share buyback (up to 2.8% of shares).
• Analyst sentiment is muted with a consensus Hold rating and an average target of $419.09, following several recent downgrades and lower price targets from firms like BMO, Jefferies and Morgan Stanley.

Intrinsic Value Partners LLC raised its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 106.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 5,691 shares of the financial services provider's stock after acquiring an additional 2,937 shares during the period. Kinsale Capital Group makes up 1.7% of Intrinsic Value Partners LLC's holdings, making the stock its 16th largest position. Intrinsic Value Partners LLC's holdings in Kinsale Capital Group were worth $2,226,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in KNSL. Bamco Inc. NY grew its holdings in shares of Kinsale Capital Group by 1.4% in the 3rd quarter. Bamco Inc. NY now owns 1,788,590 shares of the financial services provider's stock valued at $760,616,000 after buying an additional 24,796 shares during the period. DAVENPORT & Co LLC grew its holdings in shares of Kinsale Capital Group by 1.9% in the 4th quarter. DAVENPORT & Co LLC now owns 530,043 shares of the financial services provider's stock valued at $208,443,000 after buying an additional 10,137 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Kinsale Capital Group by 6.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 450,044 shares of the financial services provider's stock valued at $191,386,000 after buying an additional 25,428 shares during the period. Riverbridge Partners LLC grew its holdings in shares of Kinsale Capital Group by 11.1% in the 3rd quarter. Riverbridge Partners LLC now owns 290,524 shares of the financial services provider's stock valued at $123,548,000 after buying an additional 29,053 shares during the period. Finally, Invesco Ltd. grew its holdings in shares of Kinsale Capital Group by 2.6% in the 3rd quarter. Invesco Ltd. now owns 274,724 shares of the financial services provider's stock valued at $116,829,000 after buying an additional 6,934 shares during the period. Institutional investors own 85.36% of the company's stock.

Analyst Upgrades and Downgrades

KNSL has been the subject of several research analyst reports. BMO Capital Markets lowered shares of Kinsale Capital Group from a "market perform" rating to an "underperform" rating and set a $348.00 price target for the company. in a report on Wednesday, February 25th. Weiss Ratings reissued a "hold (c)" rating on shares of Kinsale Capital Group in a report on Friday, March 27th. Jefferies Financial Group lowered shares of Kinsale Capital Group from a "hold" rating to an "underperform" rating and decreased their price target for the company from $392.00 to $312.00 in a report on Thursday, March 19th. Morgan Stanley reissued an "equal weight" rating and issued a $350.00 price target (down from $450.00) on shares of Kinsale Capital Group in a report on Monday. Finally, JPMorgan Chase & Co. decreased their price target on shares of Kinsale Capital Group from $450.00 to $410.00 and set a "neutral" rating for the company in a report on Monday, February 23rd. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $419.09.

Kinsale Capital Group Price Performance

Shares of NYSE KNSL opened at $345.37 on Wednesday. The firm has a market cap of $8.00 billion, a PE ratio of 15.94, a PEG ratio of 1.13 and a beta of 1.08. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.11. Kinsale Capital Group, Inc. has a 1-year low of $321.97 and a 1-year high of $512.76. The company has a fifty day moving average price of $368.87 and a 200 day moving average price of $393.19.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced its earnings results on Thursday, February 12th. The financial services provider reported $5.81 earnings per share for the quarter, topping analysts' consensus estimates of $5.30 by $0.51. The firm had revenue of $483.27 million during the quarter, compared to analyst estimates of $467.66 million. Kinsale Capital Group had a net margin of 26.87% and a return on equity of 25.45%. During the same period in the prior year, the business earned $4.62 EPS. Research analysts predict that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Thursday, February 26th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Thursday, February 26th. This is a boost from Kinsale Capital Group's previous quarterly dividend of $0.17. Kinsale Capital Group's dividend payout ratio (DPR) is currently 4.61%.

Kinsale Capital Group declared that its Board of Directors has authorized a share buyback program on Thursday, December 11th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the financial services provider to purchase up to 2.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its shares are undervalued.

About Kinsale Capital Group

Kinsale Capital Group, Inc NYSE: KNSL is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company's product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.

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