Zurcher Kantonalbank Zurich Cantonalbank Raises Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 16.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,739 shares of the financial services provider's stock after acquiring an additional 656 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Kinsale Capital Group were worth $2,307,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KNSL. Geode Capital Management LLC raised its position in Kinsale Capital Group by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 544,954 shares of the financial services provider's stock valued at $254,441,000 after purchasing an additional 16,246 shares during the last quarter. DAVENPORT & Co LLC grew its position in Kinsale Capital Group by 6.2% during the 1st quarter. DAVENPORT & Co LLC now owns 543,349 shares of the financial services provider's stock worth $263,233,000 after purchasing an additional 31,480 shares during the last quarter. GAMMA Investing LLC increased its stake in Kinsale Capital Group by 59,220.7% in the first quarter. GAMMA Investing LLC now owns 309,061 shares of the financial services provider's stock valued at $150,423,000 after purchasing an additional 308,540 shares during the period. Northern Trust Corp raised its holdings in shares of Kinsale Capital Group by 16.8% in the fourth quarter. Northern Trust Corp now owns 216,616 shares of the financial services provider's stock valued at $100,755,000 after buying an additional 31,094 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Kinsale Capital Group by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 198,904 shares of the financial services provider's stock worth $92,519,000 after buying an additional 4,380 shares during the period. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Diane D. Schnupp sold 1,398 shares of Kinsale Capital Group stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $472.00, for a total value of $659,856.00. Following the transaction, the executive vice president owned 6,646 shares of the company's stock, valued at $3,136,912. This trade represents a 17.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 5.50% of the company's stock.

Kinsale Capital Group Trading Up 0.8%

Shares of NYSE:KNSL opened at $444.39 on Friday. 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 stock has a market capitalization of $10.36 billion, a price-to-earnings ratio of 23.18, a PEG ratio of 1.63 and a beta of 1.12. Kinsale Capital Group, Inc. has a 1-year low of $405.00 and a 1-year high of $531.79. The company has a 50 day moving average price of $472.48 and a 200 day moving average price of $462.36.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced its earnings results 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 company 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 revenue was up 22.2% on a year-over-year basis. During the same period in the previous year, the business earned $3.75 EPS. On average, research analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, June 12th. Stockholders of record on Friday, May 30th were paid a dividend of $0.17 per share. This represents a dividend yield of 15.0%. The ex-dividend date was Thursday, May 29th. Kinsale Capital Group's dividend payout ratio is 3.55%.

Wall Street Analyst Weigh In

KNSL has been the topic of a number of recent research reports. Truist Financial boosted their target price on Kinsale Capital Group from $500.00 to $560.00 and gave the company a "buy" rating in a report on Monday, July 28th. JPMorgan Chase & Co. boosted 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. Morgan Stanley upped their price objective on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. Wall Street Zen upgraded shares of Kinsale Capital Group from a "sell" rating to a "hold" rating in a research note on Sunday, June 22nd. Finally, Compass Point boosted their price target on shares of Kinsale Capital Group from $432.00 to $490.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $506.44.

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.

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