Focus Partners Wealth Has $8.92 Million Holdings in Kinsale Capital Group, Inc. $KNSL

Key Points

• Focus Partners Wealth increased its ownership in Kinsale Capital Group by 52.3%, now holding 18,324 shares valued at approximately $8.9 million.
• Kinsale Capital Group reported earnings of $4.78 per share, exceeding expectations, with revenue of $458.7 million, representing a 22.2% increase year-over-year.
• The company's recent quarterly dividend was $0.17 per share, contributing to an annual yield of 0.2% and a payout ratio of 3.55%.

Focus Partners Wealth grew its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 52.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,324 shares of the financial services provider's stock after purchasing an additional 6,293 shares during the quarter. Focus Partners Wealth owned 0.08% of Kinsale Capital Group worth $8,918,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of KNSL. Key Financial Inc increased its position in shares of Kinsale Capital Group by 315.4% during the first 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 stake in shares of Kinsale Capital Group during the first quarter worth about $31,000. NBC Securities Inc. purchased a new stake in shares of Kinsale Capital Group during the first quarter worth about $35,000. von Borstel & Associates Inc. purchased a new stake in shares of Kinsale Capital Group during the first quarter worth about $42,000. Finally, Ancora Advisors LLC bought a new stake in Kinsale Capital Group in the first quarter valued at about $49,000. Institutional investors and hedge funds own 85.36% of the company's stock.

Kinsale Capital Group Price Performance

KNSL traded down $2.63 during midday trading on Thursday, reaching $428.03. 273,954 shares of the company's stock were exchanged, compared to its average volume of 179,576. The firm has a market capitalization of $9.97 billion, a price-to-earnings ratio of 22.33, a price-to-earnings-growth ratio of 1.58 and a beta of 1.13. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.11. Kinsale Capital Group, Inc. has a one year low of $405.00 and a one year high of $531.79. The business has a 50-day simple moving average of $454.47 and a two-hundred day simple moving average of $462.11.

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, beating 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 analyst estimates of $436.25 million. During the same quarter last year, the business posted $3.75 earnings per share. Kinsale Capital Group's revenue for the quarter was up 22.2% compared to the same quarter last year. As a group, research analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on KNSL shares. Wall Street Zen raised Kinsale Capital Group from a "sell" rating to a "hold" rating in a report on Sunday, June 22nd. BMO Capital Markets boosted their price objective on Kinsale Capital Group from $429.00 to $474.00 and gave the stock a "market perform" rating in a research report on Tuesday, July 29th. Compass Point upped their target price on Kinsale Capital Group from $432.00 to $490.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Cantor Fitzgerald upgraded Kinsale Capital Group to a "hold" rating in a research report on Wednesday, August 13th. Finally, Truist Financial upped their price target on Kinsale Capital Group from $500.00 to $560.00 and gave the company a "buy" rating in a report on Monday, July 28th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target 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.