Next Century Growth Investors LLC Grows Stake in Kinsale Capital Group, Inc. $KNSL

Key Points

• Next Century Growth Investors LLC increased its stake in Kinsale Capital Group by 23.1%, acquiring an additional 7,624 shares, bringing its total to 40,598 shares valued at approximately $19.76 million.
• Recent analyst ratings show a consensus "Hold" rating for Kinsale Capital Group, with target price adjustments ranging from $474.00 to $543.00 by various analysts.
• Kinsale Capital Group declared a quarterly dividend of $0.17 per share, representing an annualized dividend yield of 0.1%.

Next Century Growth Investors LLC grew its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 23.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 40,598 shares of the financial services provider's stock after acquiring an additional 7,624 shares during the period. Kinsale Capital Group comprises about 1.8% of Next Century Growth Investors LLC's holdings, making the stock its 11th largest holding. Next Century Growth Investors LLC owned about 0.17% of Kinsale Capital Group worth $19,759,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Coldstream Capital Management Inc. grew its holdings in shares of Kinsale Capital Group by 1.7% during the 4th quarter. Coldstream Capital Management Inc. now owns 1,469 shares of the financial services provider's stock worth $683,000 after acquiring an additional 25 shares during the period. Private Trust Co. NA grew its holdings 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 acquiring an additional 27 shares during the period. Strategic Advisors LLC grew its holdings 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 worth $2,568,000 after acquiring an additional 30 shares during the period. Xponance Inc. grew its holdings 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 worth $2,188,000 after acquiring an additional 30 shares during the period. Finally, Foster Dykema Cabot & Partners LLC grew its holdings 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 worth $579,000 after acquiring an additional 30 shares during the period. Hedge funds and other institutional investors own 85.36% of the company's stock.

Kinsale Capital Group Stock Up 0.6%

KNSL traded up $2.93 during trading on Monday, hitting $458.42. 172,866 shares of the company's stock traded hands, compared to its average volume of 183,303. The company's 50 day simple moving average is $464.91 and its two-hundred day simple moving average is $461.77. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.11. Kinsale Capital Group, Inc. has a 12-month low of $405.00 and a 12-month high of $531.79. The stock has a market capitalization of $10.68 billion, a price-to-earnings ratio of 23.91, a PEG ratio of 1.68 and a beta of 1.13.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its earnings results on Thursday, July 24th. The financial services provider reported $4.78 EPS for the quarter, beating the consensus estimate of $4.41 by $0.37. Kinsale Capital Group had a return on equity of 25.93% and a net margin of 25.92%.The business 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 business posted $3.75 EPS. The company's revenue was up 22.2% compared to the same quarter last year. Analysts predict 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 announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.1%. The ex-dividend date is Friday, August 29th. Kinsale Capital Group's dividend payout ratio (DPR) is currently 3.55%.

Insider Buying and Selling

In other Kinsale Capital Group 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 directly owned 6,646 shares in the company, valued at approximately $3,136,912. This trade represents a 17.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KNSL. Morgan Stanley upped their target price on Kinsale Capital Group from $490.00 to $525.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. Wall Street Zen upgraded Kinsale Capital Group from a "sell" rating to a "hold" rating in a research note on Sunday, June 22nd. Compass Point upped their price target on Kinsale Capital Group from $432.00 to $490.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. BMO Capital Markets upped their price target on Kinsale Capital Group from $429.00 to $474.00 and gave the stock a "market perform" rating in a research note on Tuesday, July 29th. Finally, JPMorgan Chase & Co. upped their price target on Kinsale Capital Group from $440.00 to $460.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average 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.