Natixis Advisors LLC Has $28.67 Million Stock Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Key Points

• Natixis Advisors LLC significantly increased its holdings in Kinsale Capital Group by 261.8% in the first quarter, owning approximately 0.25% of the company valued at $28.67 million.
• Kinsale Capital Group reported $4.78 earnings per share (EPS) for the last quarter, beating estimates by $0.37, along with a revenue increase of 22.2% year-over-year.
• The company recently declared a dividend of $0.17 per share, resulting in a yield of 15.0%, with a low dividend payout ratio of 3.55%.

Natixis Advisors LLC increased its stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 261.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 58,914 shares of the financial services provider's stock after purchasing an additional 42,630 shares during the quarter. Natixis Advisors LLC owned approximately 0.25% of Kinsale Capital Group worth $28,674,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KNSL. Key Financial Inc lifted its holdings 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 buying an additional 41 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of Kinsale Capital Group in the first quarter valued at $31,000. NBC Securities Inc. acquired a new position in shares of Kinsale Capital Group in the first quarter valued at $35,000. von Borstel & Associates Inc. acquired a new position in shares of Kinsale Capital Group in the first quarter valued at $42,000. Finally, Anderson Financial Strategies LLC acquired a new position in shares of Kinsale Capital Group in the fourth quarter valued at $54,000. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Kinsale Capital Group Price Performance

Shares of KNSL stock traded up $0.62 during trading hours on Tuesday, hitting $446.11. 47,188 shares of the company's stock were exchanged, compared to its average volume of 207,758. The stock's 50-day moving average is $472.13 and its 200-day moving average is $462.79. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.10 and a quick ratio of 0.10. The stock has a market cap of $10.39 billion, a price-to-earnings ratio of 23.26, a price-to-earnings-growth ratio of 1.65 and a beta of 1.12. Kinsale Capital Group, Inc. has a 52 week low of $405.00 and a 52 week high of $531.79.

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

Kinsale Capital Group Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, June 12th. Stockholders of record on Friday, May 30th were issued a dividend of $0.17 per share. This represents a dividend yield of 15.0%. The ex-dividend date was Thursday, May 29th. Kinsale Capital Group's dividend payout ratio is presently 3.55%.

Insider Activity at Kinsale Capital Group

In other news, EVP Diane D. Schnupp sold 1,398 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $472.00, for a total transaction of $659,856.00. Following the sale, the executive vice president owned 6,646 shares in the company, valued at approximately $3,136,912. This represents a 17.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.50% of the company's stock.

Wall Street Analyst Weigh In

KNSL has been the subject of a number of recent research reports. Truist Financial upped their target price on Kinsale Capital Group from $500.00 to $560.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Morgan Stanley upped their target price on Kinsale Capital Group from $490.00 to $525.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. Compass Point upped their target price on Kinsale Capital Group from $432.00 to $490.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Bank of America assumed coverage on Kinsale Capital Group in a research report on Friday, June 20th. They issued a "buy" rating and a $543.00 price target on the stock. Finally, Wall Street Zen upgraded Kinsale Capital Group from a "sell" rating to a "hold" rating in a research report on Sunday, June 22nd. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $506.44.

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.