Kinsale Capital Group, Inc. $KNSL is Copeland Capital Management LLC's 3rd Largest Position

Key Points

• Copeland Capital Management LLC has reduced its stake in Kinsale Capital Group by 13.6%, now owning approximately 1.9% of the company, making it their third largest holding.
• Several institutional investors increased their positions in Kinsale, with notable increases from J2 Capital Management Inc and Precision Wealth Strategies LLC, indicating growing confidence in the company's future.
• Kinsale Capital Group reported earnings of $4.78 EPS for the latest quarter, exceeding analysts' expectations and marking a 22.2% revenue increase compared to the previous year.

Copeland Capital Management LLC cut its stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 13.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 192,073 shares of the financial services provider's stock after selling 30,167 shares during the period. Kinsale Capital Group makes up about 1.9% of Copeland Capital Management LLC's holdings, making the stock its 3rd largest holding. Copeland Capital Management LLC owned approximately 0.82% of Kinsale Capital Group worth $92,945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Abacus Planning Group Inc. purchased a new stake in shares of Kinsale Capital Group in the second quarter valued at approximately $389,000. J2 Capital Management Inc grew its position in shares of Kinsale Capital Group by 44.2% in the second quarter. J2 Capital Management Inc now owns 1,412 shares of the financial services provider's stock valued at $683,000 after purchasing an additional 433 shares in the last quarter. Precision Wealth Strategies LLC grew its position in shares of Kinsale Capital Group by 45.7% in the second quarter. Precision Wealth Strategies LLC now owns 1,011 shares of the financial services provider's stock valued at $489,000 after purchasing an additional 317 shares in the last quarter. Truist Financial Corp grew its position in shares of Kinsale Capital Group by 0.4% in the second quarter. Truist Financial Corp now owns 13,612 shares of the financial services provider's stock valued at $6,587,000 after purchasing an additional 50 shares in the last quarter. Finally, Bennett Selby Investments LP grew its position in shares of Kinsale Capital Group by 19.9% in the second quarter. Bennett Selby Investments LP now owns 3,401 shares of the financial services provider's stock valued at $1,646,000 after purchasing an additional 565 shares in the last quarter. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on KNSL. Bank of America began coverage on Kinsale Capital Group in a report on Friday, June 20th. They issued a "buy" rating and a $543.00 price objective on the stock. Compass Point upped their price objective on Kinsale Capital Group from $432.00 to $490.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Truist Financial upped their price objective on Kinsale Capital Group from $500.00 to $560.00 and gave the company a "buy" rating in a report on Monday, July 28th. Wall Street Zen upgraded Kinsale Capital Group from a "sell" rating to a "hold" rating in a report on Sunday, June 22nd. Finally, Cantor Fitzgerald upgraded Kinsale Capital Group to a "hold" rating in a report on Wednesday, August 13th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $505.80.

Kinsale Capital Group Stock Up 5.9%

NYSE:KNSL opened at $442.22 on Friday. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.11. The stock's fifty day moving average is $443.03 and its two-hundred day moving average is $460.62. Kinsale Capital Group, Inc. has a 52 week low of $405.00 and a 52 week high of $531.79. The stock has a market capitalization of $10.30 billion, a price-to-earnings ratio of 23.07, a price-to-earnings-growth ratio of 1.53 and a beta of 1.09.

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

Kinsale Capital Group Dividend Announcement

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

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