CX Institutional Has $3.95 Million Stock Position in Kinsale Capital Group, Inc. $KNSL

CX Institutional grew its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 22.8% in the second quarter, HoldingsChannel reports. The fund owned 11,977 shares of the financial services provider’s stock after buying an additional 2,224 shares during the period. CX Institutional’s holdings in Kinsale Capital Group were worth $3,950,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. V Square Quantitative Management LLC acquired a new stake in Kinsale Capital Group in the 4th quarter worth about $25,000. Bayban bought a new stake in Kinsale Capital Group in the 4th quarter valued at about $25,000. International Assets Investment Management LLC acquired a new position in shares of Kinsale Capital Group during the 4th quarter worth approximately $29,000. Johnson Financial Group Inc. grew its position in shares of Kinsale Capital Group by 257.1% during the 3rd quarter. Johnson Financial Group Inc. now owns 75 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 54 shares in the last quarter. Finally, Larson Financial Group LLC increased its holdings in shares of Kinsale Capital Group by 225.0% during the third quarter. Larson Financial Group LLC now owns 78 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 54 shares during the period. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Kinsale Capital Group Price Performance

KNSL stock opened at $363.09 on Wednesday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.11. Kinsale Capital Group, Inc. has a 12 month low of $287.20 and a 12 month high of $485.00. The firm has a market cap of $8.27 billion, a P/E ratio of 14.71, a P/E/G ratio of 1.14 and a beta of 0.89. The company’s 50-day moving average price is $328.12 and its two-hundred day moving average price is $347.38.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, July 23rd. The financial services provider reported $5.54 EPS for the quarter, beating the consensus estimate of $5.11 by $0.43. Kinsale Capital Group had a net margin of 28.49% and a return on equity of 25.54%. The company had revenue of $548.52 million during the quarter, compared to analysts’ expectations of $445.13 million. During the same period in the previous year, the company earned $4.78 EPS. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. On average, analysts anticipate that Kinsale Capital Group, Inc. will post 21.12 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Thursday, May 28th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Thursday, May 28th. Kinsale Capital Group’s dividend payout ratio (DPR) is 4.05%.

Insider Activity at Kinsale Capital Group

In other Kinsale Capital Group news, insider Salmaan K. Allibhai sold 250 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $311.17, for a total value of $77,792.50. Following the sale, the insider owned 3,645 shares of the company’s stock, valued at approximately $1,134,214.65. This trade represents a 6.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Christopher R. Tangard purchased 330 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was acquired at an average price of $304.00 per share, for a total transaction of $100,320.00. Following the purchase, the chief accounting officer owned 380 shares in the company, valued at approximately $115,520. The trade was a 660.00% increase in their position. The disclosure for this purchase is available in the SEC filing. 5.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on KNSL shares. Royal Bank Of Canada dropped their price target on shares of Kinsale Capital Group from $385.00 to $375.00 and set a “sector perform” rating for the company in a research report on Monday, April 27th. Wall Street Zen raised Kinsale Capital Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. JPMorgan Chase & Co. raised their price objective on Kinsale Capital Group from $380.00 to $390.00 and gave the stock a “neutral” rating in a research note on Monday, July 20th. TD Cowen reaffirmed a “hold” rating on shares of Kinsale Capital Group in a report on Tuesday, June 16th. Finally, Wells Fargo & Company upped their target price on Kinsale Capital Group from $366.00 to $377.00 and gave the company an “equal weight” rating in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $362.11.

Kinsale Capital Group Profile

Kinsale Capital Group, Inc (NYSE:KNSL) is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company’s product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.