Kinsale Capital Group, Inc. $KNSL Stock: Copeland Capital Management LLC Raises Holdings

Copeland Capital Management LLC raised its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 11.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,676 shares of the financial services provider's stock after buying an additional 16,091 shares during the period. Copeland Capital Management LLC owned about 0.71% of Kinsale Capital Group worth $52,504,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Krilogy Financial LLC purchased a new position in shares of Kinsale Capital Group in the 3rd quarter valued at $297,000. NorthCrest Asset Manangement LLC acquired a new stake in Kinsale Capital Group during the 3rd quarter worth $259,000. GAMMA Investing LLC lifted its position in Kinsale Capital Group by 62.4% in the third quarter. GAMMA Investing LLC now owns 1,036 shares of the financial services provider's stock valued at $334,000 after acquiring an additional 398 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Kinsale Capital Group by 13.5% in the third quarter. Farther Finance Advisors LLC now owns 968 shares of the financial services provider's stock valued at $312,000 after acquiring an additional 115 shares during the last quarter. Finally, Benedict Financial Advisors Inc. lifted its position in Kinsale Capital Group by 3.5% in the third quarter. Benedict Financial Advisors Inc. now owns 1,964 shares of the financial services provider's stock valued at $634,000 after acquiring an additional 66 shares during the last quarter. 85.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on KNSL shares. Morgan Stanley reduced their target price on Kinsale Capital Group from $390.00 to $350.00 and set an "equal weight" rating for the company in a report on Tuesday, October 6th. JPMorgan Chase & Co. cut their price target on Kinsale Capital Group from $390.00 to $375.00 and set a "neutral" rating on the stock in a research report on Friday, October 9th. Wells Fargo & Company reduced their price objective on Kinsale Capital Group from $377.00 to $348.00 and set an "equal weight" rating for the company in a research note on Monday. Weiss Ratings upgraded Kinsale Capital Group from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, October 6th. Finally, Cantor Fitzgerald increased their price objective on Kinsale Capital Group from $259.00 to $264.00 and gave the company a "neutral" rating in a report on Wednesday, October 7th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Kinsale Capital Group has an average rating of "Reduce" and a consensus price target of $357.67.

Kinsale Capital Group Stock Performance

NYSE KNSL opened at $340.56 on Wednesday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.11. Kinsale Capital Group, Inc. has a 52-week low of $287.20 and a 52-week high of $477.02. The business's 50-day moving average price is $360.80 and its 200 day moving average price is $340.72. The firm has a market cap of $7.76 billion, a P/E ratio of 15.74, a P/E/G ratio of 1.07 and a beta of 0.88.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $5.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.11 by $0.43. Kinsale Capital Group had a return on equity of 25.54% and a net margin of 28.49%. The firm had revenue of $548.52 million for the quarter, compared to analysts' expectations of $445.13 million. During the same quarter in the previous year, the firm posted $4.78 EPS. The firm's revenue for the quarter was up 16.8% on a year-over-year basis. On average, equities research analysts expect that Kinsale Capital Group, Inc. will post 21.17 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Friday, August 28th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Friday, August 28th. Kinsale Capital Group's payout ratio is currently 4.05%.

Kinsale Capital Group Profile

Kinsale Capital Group, Inc is a specialty insurance company headquartered in Richmond, Virginia. Through its insurance subsidiaries, including Kinsale Insurance Company, the company provides commercial property and casualty insurance in the United States.

Kinsale focuses primarily on the excess and surplus lines market, which serves businesses with risks that may not be accommodated by standard insurance carriers. Its offerings include coverage for commercial property, general liability, professional liability, commercial auto, and other specialized risks.

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