Kestra Investment Management LLC Buys 730 Shares of Kinsale Capital Group, Inc. $KNSL

Key Points

• Kestra Investment Management LLC increased its holdings in Kinsale Capital Group, Inc. by 38.4% in the 1st quarter, owning 2,632 shares worth $1,275,000 after purchasing 730 additional shares.
• Kinsale Capital Group's latest earnings report indicated $4.78 earnings per share, exceeding analysts' estimates, with revenue of $458.70 million, reflecting a year-over-year growth of 22.2%.
• The company recently declared a quarterly dividend of $0.17 per share, with an annualized yield of 0.1%, indicating a dividend payout ratio of 3.55%.

Kestra Investment Management LLC lifted its stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 38.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,632 shares of the financial services provider's stock after purchasing an additional 730 shares during the period. Kestra Investment Management LLC's holdings in Kinsale Capital Group were worth $1,275,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of KNSL. GAMMA Investing LLC lifted its position in shares of Kinsale Capital Group by 59,220.7% in the 1st quarter. GAMMA Investing LLC now owns 309,061 shares of the financial services provider's stock worth $150,423,000 after purchasing an additional 308,540 shares during the period. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of Kinsale Capital Group in the 1st quarter worth about $125,003,000. First Manhattan CO. LLC. lifted its position in shares of Kinsale Capital Group by 401.4% in the 1st quarter. First Manhattan CO. LLC. now owns 201,272 shares of the financial services provider's stock worth $97,961,000 after purchasing an additional 161,132 shares during the period. Madison Asset Management LLC purchased a new stake in shares of Kinsale Capital Group in the 1st quarter worth about $76,235,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Kinsale Capital Group by 39.8% in the 1st quarter. JPMorgan Chase & Co. now owns 460,651 shares of the financial services provider's stock worth $224,204,000 after purchasing an additional 131,056 shares during the period. 85.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wall Street Zen raised shares of Kinsale Capital Group from a "sell" rating to a "hold" rating in a research report on Sunday, June 22nd. Truist Financial lifted 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. Compass Point lifted 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. Cantor Fitzgerald raised shares of Kinsale Capital Group to a "hold" rating in a research report on Wednesday, August 13th. Finally, Bank of America started coverage on shares of Kinsale Capital Group in a research report on Friday, June 20th. They set a "buy" rating and a $543.00 price target for the company. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $505.80.

Kinsale Capital Group Stock Down 3.6%

NYSE:KNSL traded down $15.88 on Wednesday, reaching $426.42. 326,688 shares of the stock traded hands, compared to its average volume of 183,187. The company has a market capitalization of $9.94 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 1.63 and a beta of 1.13. 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's fifty day simple moving average is $460.77 and its 200 day simple moving average is $461.95.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The financial services provider reported $4.78 earnings per share for the quarter, beating analysts' consensus estimates of $4.41 by $0.37. The business had revenue of $458.70 million during the quarter, compared to analyst estimates of $436.25 million. Kinsale Capital Group had a net margin of 25.92% and a return on equity of 25.93%. Kinsale Capital Group's revenue was up 22.2% compared to the same quarter last year. During the same period last year, the business earned $3.75 EPS. Equities analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, August 29th. Kinsale Capital Group's dividend payout ratio (DPR) is currently 3.55%.

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.