GSA Capital Partners LLP Invests $1.26 Million in Kinsale Capital Group, Inc. $KNSL

GSA Capital Partners LLP acquired a new stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) during the 2nd quarter, Holdings Channel reports. The fund acquired 3,816 shares of the financial services provider’s stock, valued at approximately $1,259,000.

A number of other large investors also recently modified their holdings of the company. Isthmus Partners LLC bought a new stake in Kinsale Capital Group during the fourth quarter valued at about $8,110,000. Life Cycle Investment Partners Ltd bought a new position in shares of Kinsale Capital Group in the fourth quarter worth about $229,653,000. Stephens Investment Management Group LLC boosted its stake in shares of Kinsale Capital Group by 37.7% in the fourth quarter. Stephens Investment Management Group LLC now owns 208,075 shares of the financial services provider’s stock worth $81,382,000 after acquiring an additional 56,916 shares during the period. Handelsbanken Fonder AB grew its position in shares of Kinsale Capital Group by 9.6% during the fourth quarter. Handelsbanken Fonder AB now owns 57,000 shares of the financial services provider’s stock worth $22,294,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Cumberland Partners Ltd bought a new stake in Kinsale Capital Group during the 4th quarter valued at approximately $2,347,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Trading Down 3.1%

KNSL stock opened at $367.46 on Tuesday. The firm has a fifty day moving average price of $341.14 and a 200 day moving average price of $345.61. Kinsale Capital Group, Inc. has a fifty-two week low of $287.20 and a fifty-two week high of $485.00. The firm has a market cap of $8.37 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 1.20 and a beta of 0.89. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.09 and a current ratio of 0.09.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $5.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.11 by $0.43. The company had revenue of $548.52 million for the quarter, compared to the consensus estimate of $445.13 million. Kinsale Capital Group had a net margin of 28.49% and a return on equity of 25.54%. Kinsale Capital Group’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.78 earnings per share. Sell-side analysts anticipate that Kinsale Capital Group, Inc. will post 21.1 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Friday, August 28th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, August 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.3%. Kinsale Capital Group’s dividend payout ratio is 4.05%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on KNSL shares. Weiss Ratings cut Kinsale Capital Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, June 26th. Wells Fargo & Company increased their price objective on shares of Kinsale Capital Group from $366.00 to $377.00 and gave the company an “equal weight” rating in a report on Monday, July 27th. Wall Street Zen upgraded shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. JPMorgan Chase & Co. boosted their target price on shares of Kinsale Capital Group from $380.00 to $390.00 and gave the stock a “neutral” rating in a report on Monday, July 20th. Finally, Morgan Stanley dropped their target price on shares of Kinsale Capital Group from $350.00 to $330.00 and set an “equal weight” rating for the company in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $362.11.

Insider Buying and Selling

In other news, insider Salmaan K. Allibhai sold 250 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $311.17, for a total transaction of $77,792.50. Following the transaction, the insider owned 3,645 shares of the company’s stock, valued at approximately $1,134,214.65. The trade was a 6.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Christopher R. Tangard bought 330 shares of the business’s stock in a transaction dated Monday, June 8th. The shares were bought at an average cost of $304.00 per share, for a total transaction of $100,320.00. Following the transaction, 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 SEC filing for this purchase provides additional information. Corporate insiders own 5.60% of the company’s stock.

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.