Venturi Wealth Management LLC Increases Position in Kinsale Capital Group, Inc. $KNSL

Key Points

• Venturi Wealth Management LLC increased its stake in Kinsale Capital Group, Inc. by 41.4%, now owning 4,020 shares valued at $1,945,000.
• Several institutional investors have significantly increased their holdings in Kinsale Capital Group, with notable purchases made by Kayne Anderson Rudnick Investment Management LLC and First Manhattan CO. LLC.
• Analysts have generally rated Kinsale Capital Group with a consensus "Hold" rating, while the company's recent earnings report showed a net margin of 25.92% and earnings per share of $4.78.

Venturi Wealth Management LLC lifted its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 41.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 4,020 shares of the financial services provider's stock after buying an additional 1,178 shares during the period. Venturi Wealth Management LLC's holdings in Kinsale Capital Group were worth $1,945,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of KNSL. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of Kinsale Capital Group during the first quarter valued at approximately $125,003,000. First Manhattan CO. LLC. lifted its stake in shares of Kinsale Capital Group by 401.4% during the first quarter. First Manhattan CO. LLC. now owns 201,272 shares of the financial services provider's stock valued at $97,961,000 after buying an additional 161,132 shares during the period. Madison Asset Management LLC purchased a new position in shares of Kinsale Capital Group during the first quarter valued at approximately $76,235,000. JPMorgan Chase & Co. lifted its stake in shares of Kinsale Capital Group by 39.8% during the first quarter. JPMorgan Chase & Co. now owns 460,651 shares of the financial services provider's stock valued at $224,204,000 after buying an additional 131,056 shares during the period. Finally, Giverny Capital Inc. lifted its stake in shares of Kinsale Capital Group by 87.3% during the first quarter. Giverny Capital Inc. now owns 169,967 shares of the financial services provider's stock valued at $82,725,000 after buying an additional 79,208 shares during the period. Hedge funds and other institutional investors own 85.36% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on KNSL shares. JPMorgan Chase & Co. upped their price objective on shares of Kinsale Capital Group from $440.00 to $460.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Bank of America initiated coverage on shares of Kinsale Capital Group in a research report on Friday, June 20th. They set a "buy" rating and a $543.00 price target for the company. Cantor Fitzgerald raised shares of Kinsale Capital Group to a "hold" rating in a research report on Wednesday, August 13th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Kinsale Capital Group in a research report on Saturday, September 27th. Finally, Wall Street Zen raised shares of Kinsale Capital Group from a "sell" rating to a "hold" rating in a research report on Sunday, June 22nd. Five 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.com, Kinsale Capital Group currently has an average rating of "Hold" and a consensus price target of $503.30.

Kinsale Capital Group Price Performance

Kinsale Capital Group stock opened at $472.77 on Wednesday. Kinsale Capital Group, Inc. has a 52-week low of $405.00 and a 52-week high of $531.79. The firm has a fifty day moving average of $443.30 and a 200-day moving average of $460.89. The firm has a market capitalization of $11.02 billion, a P/E ratio of 24.66, a PEG ratio of 1.74 and a beta of 1.09. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.11.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The financial services provider reported $4.78 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $436.25 million. During the same quarter in the prior year, the business earned $3.75 earnings per share. The business's quarterly revenue was up 22.2% compared to the same quarter last year. As a group, analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 11th. Stockholders of record on Friday, August 29th were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.68 annualized dividend and a dividend yield of 0.1%. Kinsale Capital Group's dividend payout ratio 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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