Oak Thistle LLC Makes New Investment in Kinsale Capital Group, Inc. (NYSE:KNSL)

Key Points

• Oak Thistle LLC acquired a new position in Kinsale Capital Group, purchasing 842 shares valued at approximately $410,000.
• Kinsale Capital Group reported a quarterly earnings per share (EPS) of $4.78, beating estimates and showing a 22.2% increase in revenue compared to the same quarter last year.
• The company recently announced a dividend of $0.17 per share, representing a yield of 0.15%.

Oak Thistle LLC bought a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 842 shares of the financial services provider's stock, valued at approximately $410,000.

Several other hedge funds and other institutional investors also recently modified their holdings of KNSL. Key Financial Inc boosted its stake in shares of Kinsale Capital Group by 315.4% in the first quarter. Key Financial Inc now owns 54 shares of the financial services provider's stock valued at $26,000 after buying an additional 41 shares in the last quarter. NBC Securities Inc. purchased a new stake in shares of Kinsale Capital Group in the first quarter valued at approximately $35,000. von Borstel & Associates Inc. purchased a new stake in shares of Kinsale Capital Group in the first quarter valued at approximately $42,000. Physician Wealth Advisors Inc. purchased a new stake in shares of Kinsale Capital Group during the 4th quarter worth $49,000. Finally, Anderson Financial Strategies LLC purchased a new stake in shares of Kinsale Capital Group during the 4th quarter worth $54,000. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on KNSL shares. JPMorgan Chase & Co. boosted 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. Truist Financial boosted their price target on Kinsale Capital Group from $500.00 to $560.00 and gave the stock a "buy" rating in a research note on Monday. Morgan Stanley boosted their price target on Kinsale Capital Group from $490.00 to $525.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. Compass Point boosted 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. Finally, Bank of America assumed coverage on Kinsale Capital Group in a research report on Friday, June 20th. They set a "buy" rating and a $543.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Kinsale Capital Group has a consensus rating of "Hold" and a consensus price target of $506.44.

Insiders Place Their Bets

In related news, EVP Diane D. Schnupp sold 1,398 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $472.00, for a total transaction of $659,856.00. Following the transaction, the executive vice president directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 5.50% of the company's stock.

Kinsale Capital Group Trading Down 2.0%

NYSE:KNSL traded down $9.40 on Tuesday, reaching $462.95. The stock had a trading volume of 60,008 shares, compared to its average volume of 207,654. The company has a market cap of $10.79 billion, a price-to-earnings ratio of 24.18, a P/E/G ratio of 1.76 and a beta of 1.19. 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 firm's fifty day moving average is $474.09 and its two-hundred day moving average is $462.32. Kinsale Capital Group, Inc. has a 12-month low of $405.00 and a 12-month high of $531.79.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The financial services provider reported $4.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.41 by $0.37. The business had revenue of $458.70 million for 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 company's quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.75 earnings per share. Equities analysts expect that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 30th were paid a dividend of $0.17 per share. This represents a dividend yield of 0.15%. The ex-dividend date of this dividend was Thursday, May 29th. Kinsale Capital Group's dividend payout ratio is presently 3.55%.

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.