Roundview Capital LLC Purchases New Stake in Kinsale Capital Group, Inc. $KNSL

Key Points

• Roundview Capital LLC acquired 1,844 shares of Kinsale Capital Group, valued at approximately $892,000, during the 2nd quarter, as reported in their recent 13F filing.
• Bank of America initiated coverage on Kinsale Capital Group with a buy rating and a price target of $543.00, while multiple analysts have adjusted their price targets, indicating a consensus target of $503.30.
• Kinsale Capital Group reported earnings of $4.78 per share for the last quarter, exceeding expectations and showing a 22.2% year-over-year revenue growth.

Roundview Capital LLC acquired a new position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,844 shares of the financial services provider's stock, valued at approximately $892,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Key Financial Inc raised its stake in Kinsale Capital Group by 315.4% in 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 in the last quarter. N.E.W. Advisory Services LLC bought a new position in shares of Kinsale Capital Group in the 1st quarter worth approximately $31,000. V Square Quantitative Management LLC purchased a new position in shares of Kinsale Capital Group in the 2nd quarter valued at approximately $31,000. NBC Securities Inc. bought a new stake in shares of Kinsale Capital Group during the first quarter valued at approximately $35,000. Finally, von Borstel & Associates Inc. purchased a new stake in Kinsale Capital Group in the first quarter worth $42,000. 85.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KNSL has been the subject of a number of research reports. Bank of America initiated coverage on Kinsale Capital Group in a report on Friday, June 20th. They issued a "buy" rating and a $543.00 price objective for the company. Morgan Stanley decreased their price objective on Kinsale Capital Group from $525.00 to $500.00 and set an "overweight" rating for the company in a report on Tuesday. Cantor Fitzgerald upgraded Kinsale Capital Group to a "hold" rating in a report on Wednesday, August 13th. BMO Capital Markets increased their price objective on Kinsale Capital Group from $429.00 to $474.00 and gave the stock a "market perform" rating in a report on Tuesday, July 29th. Finally, JPMorgan Chase & Co. increased their price objective on Kinsale Capital Group from $440.00 to $460.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Five equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $503.30.

Kinsale Capital Group Price Performance

Shares of NYSE:KNSL opened at $472.77 on Wednesday. Kinsale Capital Group, Inc. has a 1-year low of $405.00 and a 1-year 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. The business has a fifty day moving average price of $443.30 and a 200-day moving average price of $460.89. The company has a market capitalization of $11.02 billion, a PE ratio of 24.66, a PEG ratio of 1.74 and a beta of 1.09.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The financial services provider reported $4.78 earnings per share 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 firm had revenue of $458.70 million during 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 company's revenue was up 22.2% on a year-over-year basis. As a group, 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 disclosed a quarterly dividend, which was paid on Thursday, September 11th. Investors of record on Friday, August 29th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.1%. The ex-dividend date was Friday, August 29th. Kinsale Capital Group's dividend payout ratio (DPR) is presently 3.55%.

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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