Jackson Square Partners LLC Raises Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Key Points

• Jackson Square Partners LLC increased its stake in Kinsale Capital Group by 30.9%, holding 53,271 shares valued at approximately $25.93 million, which is 3.5% of its investment portfolio.
• Kinsale Capital Group recently reported a quarterly EPS of $4.78, surpassing estimates and showing a 22.2% year-over-year revenue increase to $458.70 million.
• The company declared a dividend of $0.17 per share, marking a yield of 15.0%, with a low payout ratio of only 3.55%.

Jackson Square Partners LLC boosted its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 30.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,271 shares of the financial services provider's stock after buying an additional 12,581 shares during the period. Kinsale Capital Group makes up about 3.5% of Jackson Square Partners LLC's investment portfolio, making the stock its 3rd biggest position. Jackson Square Partners LLC owned approximately 0.23% of Kinsale Capital Group worth $25,928,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Key Financial Inc lifted its holdings in shares of Kinsale Capital Group by 315.4% in the 1st quarter. Key Financial Inc now owns 54 shares of the financial services provider's stock worth $26,000 after acquiring an additional 41 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new position in shares of Kinsale Capital Group in the first quarter valued at $31,000. NBC Securities Inc. purchased a new position in Kinsale Capital Group during the first quarter worth $35,000. von Borstel & Associates Inc. bought a new stake in shares of Kinsale Capital Group during the first quarter worth $42,000. Finally, Anderson Financial Strategies LLC bought a new stake in shares of Kinsale Capital Group in the fourth quarter valued at about $54,000. Institutional investors own 85.36% of the company's stock.

Kinsale Capital Group Stock Performance

Shares of Kinsale Capital Group stock traded down $0.74 on Monday, reaching $438.13. 119,256 shares of the company traded hands, compared to its average volume of 206,371. The company has a 50 day moving average of $469.82 and a 200 day moving average of $462.92. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.10 and a quick ratio of 0.10. Kinsale Capital Group, Inc. has a 52 week low of $405.00 and a 52 week high of $531.79. The firm has a market capitalization of $10.21 billion, a PE ratio of 22.85, a PEG ratio of 1.62 and a beta of 1.12.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its earnings results on Thursday, July 24th. The financial services provider reported $4.78 earnings per share 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 firm had revenue of $458.70 million during the quarter, compared to analyst estimates of $436.25 million. During the same quarter in the prior year, the business earned $3.75 earnings per share. Kinsale Capital Group's revenue for the quarter was up 22.2% on a year-over-year basis. Equities analysts forecast that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

The company also recently disclosed 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 dividend payout ratio (DPR) is 3.55%.

Insiders Place Their Bets

In related news, EVP Diane D. Schnupp sold 1,398 shares of Kinsale Capital Group stock in a transaction dated 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 owned 6,646 shares in the company, valued at approximately $3,136,912. This trade represents a 17.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. BMO Capital Markets increased their price objective on Kinsale Capital Group from $429.00 to $474.00 and gave the company a "market perform" rating in a research note on Tuesday, July 29th. Compass Point increased their target price on Kinsale Capital Group from $432.00 to $490.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Wall Street Zen upgraded Kinsale Capital Group from a "sell" rating to a "hold" rating in a research report on Sunday, June 22nd. Truist Financial raised their target price on Kinsale Capital Group from $500.00 to $560.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Finally, Bank of America started coverage on 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. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Kinsale Capital Group presently has a consensus rating of "Hold" and an average target price of $506.44.

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.