UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Purchases 1,894 Shares of Kinsale Capital Group, Inc. $KNSL

Key Points

• UBS Asset Management Americas LLC increased its stake in Kinsale Capital Group by 2.6%, holding a total of 74,134 shares worth approximately $36.08 million as of the last SEC filing.
• Kinsale Capital Group reported $4.78 EPS for the last quarter, exceeding analyst expectations and showing a 22.2% revenue growth year-over-year.
• The company declared a quarterly dividend of $0.17 per share, resulting in an annualized yield of 0.2%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 2.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 74,134 shares of the financial services provider's stock after purchasing an additional 1,894 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.32% of Kinsale Capital Group worth $36,082,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of KNSL. Nuveen Asset Management LLC increased its stake in shares of Kinsale Capital Group by 1.2% in the 4th quarter. Nuveen Asset Management LLC now owns 103,497 shares of the financial services provider's stock valued at $48,140,000 after acquiring an additional 1,265 shares in the last quarter. Quantinno Capital Management LP grew its position in Kinsale Capital Group by 44.9% in the 4th quarter. Quantinno Capital Management LP now owns 1,366 shares of the financial services provider's stock valued at $635,000 after purchasing an additional 423 shares during the period. ProShare Advisors LLC grew its position in Kinsale Capital Group by 7.4% in the 4th quarter. ProShare Advisors LLC now owns 1,035 shares of the financial services provider's stock valued at $481,000 after purchasing an additional 71 shares during the period. Silvercrest Asset Management Group LLC grew its position in Kinsale Capital Group by 2.4% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 3,903 shares of the financial services provider's stock valued at $1,815,000 after purchasing an additional 90 shares during the period. Finally, Snowden Capital Advisors LLC grew its position in Kinsale Capital Group by 38.5% in the 4th quarter. Snowden Capital Advisors LLC now owns 1,577 shares of the financial services provider's stock valued at $734,000 after purchasing an additional 438 shares during the period. Institutional investors own 85.36% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Truist Financial lifted their price target on shares of Kinsale Capital Group from $500.00 to $560.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Bank of America assumed coverage on shares of Kinsale Capital Group in a research report on Friday, June 20th. They issued a "buy" rating and a $543.00 price target for the company. Morgan Stanley lifted their price target on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. BMO Capital Markets lifted their price objective on shares of 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. lifted 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, July 28th. Four equities research 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 presently has an average rating of "Hold" and a consensus price target of $505.80.

Kinsale Capital Group Price Performance

Shares of NYSE:KNSL opened at $425.12 on Tuesday. The company's 50-day moving average is $457.97 and its 200 day moving average is $462.58. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.10 and a current ratio of 0.10. The company has a market capitalization of $9.91 billion, a P/E ratio of 22.18, a price-to-earnings-growth ratio of 1.59 and a beta of 1.13. Kinsale Capital Group, Inc. has a fifty-two week low of $405.00 and a fifty-two week 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 analysts' consensus estimates 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 analysts' expectations of $436.25 million. During the same period in the previous year, the business posted $3.75 EPS. The firm's quarterly revenue was up 22.2% compared to the same quarter last year. On average, equities research analysts forecast that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 11th. Stockholders of record on Friday, August 29th were given a dividend of $0.17 per share. The ex-dividend date was Friday, August 29th. This represents a $0.68 annualized dividend and a dividend yield of 0.2%. Kinsale Capital Group's dividend payout ratio is currently 3.55%.

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.

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