Townsquare Capital LLC Has $7.16 Million Stake in Kinsale Capital Group, Inc. (NYSE:KNSL)

Key Points

• Townsquare Capital LLC increased its stake in Kinsale Capital Group by 89.3%, owning approximately 0.06% of the company worth $7.16 million as of the latest report.
• Wall Street analysts have mostly given Kinsale Capital Group a consensus "Hold" rating, with price targets ranging from $460 to $543, indicating a varied outlook among analysts.
• Kinsale Capital Group reported a quarterly EPS of $4.78, exceeding expectations, along with a 22.2% year-over-year increase in revenue, demonstrating strong financial performance.

Townsquare Capital LLC increased its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 89.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,717 shares of the financial services provider's stock after buying an additional 6,941 shares during the period. Townsquare Capital LLC owned about 0.06% of Kinsale Capital Group worth $7,163,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KNSL. GAMMA Investing LLC boosted its stake in Kinsale Capital Group by 59,220.7% during the 1st quarter. GAMMA Investing LLC now owns 309,061 shares of the financial services provider's stock valued at $150,423,000 after purchasing an additional 308,540 shares during the period. Madison Asset Management LLC acquired a new position in Kinsale Capital Group in the 1st quarter valued at approximately $76,235,000. GW&K Investment Management LLC increased its stake in Kinsale Capital Group by 46.6% in the 1st quarter. GW&K Investment Management LLC now owns 166,866 shares of the financial services provider's stock valued at $81,215,000 after buying an additional 53,064 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Kinsale Capital Group by 105.9% during the 4th quarter. Ameriprise Financial Inc. now owns 89,253 shares of the financial services provider's stock worth $41,509,000 after purchasing an additional 45,896 shares during the last quarter. Finally, Natixis Advisors LLC increased its stake in shares of Kinsale Capital Group by 261.8% during the 1st quarter. Natixis Advisors LLC now owns 58,914 shares of the financial services provider's stock worth $28,674,000 after purchasing an additional 42,630 shares during the last quarter. Hedge funds and other institutional investors own 85.36% of the company's stock.

Insiders Place Their Bets

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 1,398 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $472.00, for a total value of $659,856.00. Following the completion of the sale, the executive vice president owned 6,646 shares in the company, valued at approximately $3,136,912. This trade represents a 17.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 5.50% of the company's stock.

Kinsale Capital Group Stock Performance

Shares of NYSE KNSL traded up $1.97 during mid-day trading on Thursday, hitting $453.98. The company had a trading volume of 229,031 shares, compared to its average volume of 204,253. The business's 50-day simple moving average is $467.69 and its 200-day simple moving average is $462.77. The firm has a market cap of $10.58 billion, a P/E ratio of 23.68, a PEG ratio of 1.67 and a beta of 1.12. Kinsale Capital Group, Inc. has a 12 month low of $405.00 and a 12 month high of $531.79. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.10 and a quick ratio of 0.10.

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 EPS for the quarter, topping analysts' consensus estimates of $4.41 by $0.37. The company had revenue of $458.70 million during the quarter, compared to the consensus estimate of $436.25 million. Kinsale Capital Group had a net margin of 25.92% and a return on equity of 25.93%. The firm's revenue for the quarter was up 22.2% compared to the same quarter last year. During the same period last year, the firm earned $3.75 EPS. As a group, analysts predict that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 30th were given a $0.17 dividend. This represents a yield of 15.0%. The ex-dividend date was Thursday, May 29th. Kinsale Capital Group's dividend payout ratio (DPR) is presently 3.55%.

Analyst Ratings Changes

KNSL has been the subject of several recent analyst reports. Truist Financial upped their price objective on shares of Kinsale Capital Group from $500.00 to $560.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Bank of America initiated coverage on shares of Kinsale Capital Group in a report on Friday, June 20th. They set a "buy" rating and a $543.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on shares of Kinsale Capital Group from $440.00 to $460.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Cantor Fitzgerald raised shares of Kinsale Capital Group to a "hold" rating in a report on Wednesday. Finally, Morgan Stanley upped their price objective on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $505.80.

About Kinsale Capital Group

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.