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

Natixis Advisors LLC grew its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 261.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. 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.

Other institutional investors also recently modified their holdings of the company. LPL Financial LLC boosted its holdings in Kinsale Capital Group by 29.4% during the fourth quarter. LPL Financial LLC now owns 20,415 shares of the financial services provider's stock worth $9,310,000 after buying an additional 4,644 shares during the last quarter. Pictet Asset Management Holding SA raised its position in shares of Kinsale Capital Group by 4.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 3,017 shares of the financial services provider's stock valued at $1,403,000 after acquiring an additional 132 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in Kinsale Capital Group during the 4th quarter worth approximately $3,746,000. California Public Employees Retirement System grew its holdings in Kinsale Capital Group by 11.8% during the fourth quarter. California Public Employees Retirement System now owns 39,341 shares of the financial services provider's stock valued at $18,299,000 after purchasing an additional 4,146 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its holdings in Kinsale Capital Group by 29.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,026 shares of the financial services provider's stock valued at $477,000 after purchasing an additional 236 shares during the period. Institutional investors and hedge funds own 85.36% of the company's stock.

Kinsale Capital Group Stock Up 0.8%

KNSL stock opened at $444.39 on Friday. 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 capitalization of $10.36 billion, a P/E ratio of 23.18, a P/E/G ratio of 1.63 and a beta of 1.12. Kinsale Capital Group, Inc. has a fifty-two week low of $405.00 and a fifty-two week high of $531.79. The business has a 50-day moving average of $472.48 and a 200-day moving average of $462.36.

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

Kinsale Capital Group Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, June 12th. Stockholders of record on Friday, May 30th were paid 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 currently 3.55%.

Wall Street Analysts Forecast Growth

KNSL has been the subject of several research analyst reports. BMO Capital Markets boosted their price target on shares of Kinsale Capital Group from $429.00 to $474.00 and gave the company a "market perform" rating in a report on Tuesday. JPMorgan Chase & Co. boosted their target price on Kinsale Capital Group from $440.00 to $460.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Morgan Stanley raised their price target on Kinsale Capital Group from $490.00 to $525.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. Compass Point boosted their price objective on Kinsale Capital Group from $432.00 to $490.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Finally, Bank of America initiated coverage on Kinsale Capital Group in a research note on Friday, June 20th. They set a "buy" rating and a $543.00 target price for the company. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Kinsale Capital Group presently has an average rating of "Hold" and an average target price of $506.44.

Insider Activity at Kinsale Capital Group

In related news, EVP Diane D. Schnupp sold 1,398 shares of Kinsale Capital Group stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $472.00, for a total value of $659,856.00. Following the sale, the executive vice president owned 6,646 shares of the company's stock, valued at approximately $3,136,912. The trade was a 17.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.50% of the stock is currently owned by corporate insiders.

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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