2,475 Shares in Kinsale Capital Group, Inc. $KNSL Acquired by Prospera Financial Services Inc

Prospera Financial Services Inc purchased a new position in Kinsale Capital Group, Inc. (NYSE:KNSL) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 2,475 shares of the financial services provider’s stock, valued at approximately $1,198,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. UMB Bank n.a. grew its holdings in shares of Kinsale Capital Group by 11.3% in the 2nd quarter. UMB Bank n.a. now owns 237 shares of the financial services provider’s stock worth $115,000 after acquiring an additional 24 shares during the last quarter. Total Clarity Wealth Management Inc. lifted its holdings in shares of Kinsale Capital Group by 3.6% during the second quarter. Total Clarity Wealth Management Inc. now owns 716 shares of the financial services provider’s stock valued at $346,000 after purchasing an additional 25 shares during the last quarter. Emerald Advisers LLC boosted its position in shares of Kinsale Capital Group by 1.7% in the 2nd quarter. Emerald Advisers LLC now owns 1,649 shares of the financial services provider’s stock valued at $798,000 after purchasing an additional 28 shares during the period. Foster Dykema Cabot & Partners LLC increased its stake in Kinsale Capital Group by 2.6% in the 1st quarter. Foster Dykema Cabot & Partners LLC now owns 1,190 shares of the financial services provider’s stock worth $579,000 after purchasing an additional 30 shares in the last quarter. Finally, QRG Capital Management Inc. raised its holdings in Kinsale Capital Group by 2.6% during the 2nd quarter. QRG Capital Management Inc. now owns 1,190 shares of the financial services provider’s stock worth $576,000 after buying an additional 30 shares during the period. Institutional investors and hedge funds own 85.36% of the company’s stock.

Analysts Set New Price Targets

KNSL has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Kinsale Capital Group from $460.00 to $450.00 and set a “neutral” rating for the company in a research note on Monday, October 27th. Truist Financial upped 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. TD Cowen decreased their price objective on shares of Kinsale Capital Group from $448.00 to $442.00 and set a “hold” rating for the company in a research note on Tuesday, November 4th. Cantor Fitzgerald upgraded shares of Kinsale Capital Group to a “hold” rating in a research report on Wednesday, August 13th. Finally, Weiss Ratings downgraded shares of Kinsale Capital Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, November 7th. Three equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Kinsale Capital Group presently has a consensus rating of “Hold” and a consensus price target of $495.44.

Kinsale Capital Group Stock Performance

Shares of NYSE KNSL opened at $397.00 on Thursday. The business’s 50-day moving average price is $432.21 and its two-hundred day moving average price is $452.07. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.09 and a quick ratio of 0.09. Kinsale Capital Group, Inc. has a one year low of $382.89 and a one year high of $531.79. The company has a market capitalization of $9.24 billion, a P/E ratio of 19.50, a price-to-earnings-growth ratio of 1.46 and a beta of 1.09.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $5.21 earnings per share for the quarter, topping analysts’ consensus estimates of $4.79 by $0.42. Kinsale Capital Group had a return on equity of 25.66% and a net margin of 26.30%.The company had revenue of $497.51 million during the quarter, compared to the consensus estimate of $446.00 million. During the same period last year, the business earned $4.20 EPS. The business’s quarterly revenue was up 19.0% on a year-over-year basis. Analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Friday, November 28th will be issued a dividend of $0.17 per share. The ex-dividend date is Friday, November 28th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.2%. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 3.34%.

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.