Kinsale Capital Group, Inc. $KNSL Shares Acquired by Coppell Advisory Solutions LLC

Key Points

• Coppell Advisory Solutions LLC significantly increased its stake in Kinsale Capital Group, acquiring an additional 26,779 shares, raising its total ownership to 26,813 shares, which now constitutes 1.0% of its portfolio.
• Kinsale Capital Group reported a 22.2% year-over-year revenue increase in its latest earnings report, with earnings per share of $4.78, surpassing analysts' expectations of $4.41.
• The firm recently announced a quarterly dividend of $0.17 per share, translating to an annualized rate of $0.68, reflecting a dividend yield of 0.1% and a low dividend payout ratio of 3.55%.

Coppell Advisory Solutions LLC lifted its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 78,761.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,813 shares of the financial services provider's stock after purchasing an additional 26,779 shares during the quarter. Kinsale Capital Group accounts for approximately 1.0% of Coppell Advisory Solutions LLC's portfolio, making the stock its 13th largest holding. Coppell Advisory Solutions LLC owned 0.12% of Kinsale Capital Group worth $13,050,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Private Trust Co. NA grew its stake in shares of Kinsale Capital Group by 2.1% during the 1st quarter. Private Trust Co. NA now owns 1,288 shares of the financial services provider's stock worth $627,000 after purchasing an additional 27 shares during the period. Strategic Advisors LLC lifted its position in shares of Kinsale Capital Group by 0.6% during the 1st quarter. Strategic Advisors LLC now owns 5,277 shares of the financial services provider's stock valued at $2,568,000 after buying an additional 30 shares in the last quarter. Xponance Inc. lifted its position in shares of Kinsale Capital Group by 0.7% during the 1st quarter. Xponance Inc. now owns 4,496 shares of the financial services provider's stock valued at $2,188,000 after buying an additional 30 shares in the last quarter. Foster Dykema Cabot & Partners LLC lifted its position in shares of Kinsale Capital Group by 2.6% during the 1st quarter. Foster Dykema Cabot & Partners LLC now owns 1,190 shares of the financial services provider's stock valued at $579,000 after buying an additional 30 shares in the last quarter. Finally, Wealth Alliance LLC lifted its position in shares of Kinsale Capital Group by 6.0% during the 1st quarter. Wealth Alliance LLC now owns 565 shares of the financial services provider's stock valued at $275,000 after buying an additional 32 shares in the last quarter. Institutional investors and hedge funds own 85.36% of the company's stock.

Kinsale Capital Group Stock Down 0.9%

Shares of NYSE:KNSL opened at $455.77 on Monday. The business has a 50-day moving average price of $463.06 and a 200 day moving average price of $462.16. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $10.62 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 1.67 and a beta of 1.13. Kinsale Capital Group, Inc. has a 12-month low of $405.00 and a 12-month high of $531.79.

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

Kinsale Capital Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, August 29th. Kinsale Capital Group's dividend payout ratio (DPR) is presently 3.55%.

Wall Street Analysts Forecast Growth

KNSL has been the topic of a number of recent analyst reports. Morgan Stanley increased their target price on Kinsale Capital Group from $490.00 to $525.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. Cantor Fitzgerald upgraded Kinsale Capital Group to a "hold" rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. raised their price objective on Kinsale Capital Group from $440.00 to $460.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Truist Financial raised 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. Finally, Compass Point raised 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. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $505.80.

Kinsale Capital Group 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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