Intrinsic Value Partners LLC Has $2.23 Million Stock Holdings in Kinsale Capital Group, Inc. $KNSL

Intrinsic Value Partners LLC lifted its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 106.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,691 shares of the financial services provider’s stock after buying an additional 2,937 shares during the period. Kinsale Capital Group makes up about 1.7% of Intrinsic Value Partners LLC’s holdings, making the stock its 16th largest holding. Intrinsic Value Partners LLC’s holdings in Kinsale Capital Group were worth $2,226,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. eCIO Inc. acquired a new position in shares of Kinsale Capital Group during the 4th quarter worth about $29,000. Johnson Financial Group Inc. boosted its stake 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 buying an additional 54 shares during the last quarter. Root Financial Partners LLC acquired a new position in shares of Kinsale Capital Group during the 3rd quarter worth about $33,000. Larson Financial Group LLC boosted its stake in shares of Kinsale Capital Group by 225.0% during the 3rd quarter. Larson Financial Group LLC now owns 78 shares of the financial services provider’s stock worth $33,000 after buying an additional 54 shares during the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in shares of Kinsale Capital Group during the 2nd quarter worth about $38,000. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Kinsale Capital Group Stock Down 0.1%

Shares of KNSL stock opened at $345.37 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.08 and a current ratio of 0.08. The firm’s 50-day moving average is $368.87 and its 200-day moving average is $393.19. The stock has a market cap of $8.00 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 1.13 and a beta of 1.08. Kinsale Capital Group, Inc. has a 52-week low of $321.97 and a 52-week high of $512.76.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, February 12th. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.30 by $0.51. The company had revenue of $483.27 million for the quarter, compared to analysts’ expectations of $467.66 million. Kinsale Capital Group had a net margin of 26.87% and a return on equity of 25.45%. During the same period in the prior year, the firm earned $4.62 EPS. Sell-side analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Thursday, February 26th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Thursday, February 26th. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.17. Kinsale Capital Group’s payout ratio is currently 4.61%.

Kinsale Capital Group announced that its Board of Directors has initiated a share buyback plan on Thursday, December 11th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the financial services provider to purchase up to 2.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

KNSL has been the subject of a number of recent research reports. Truist Financial reduced their price objective on shares of Kinsale Capital Group from $510.00 to $450.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. Cantor Fitzgerald reduced their price objective on shares of Kinsale Capital Group from $422.00 to $360.00 and set a “neutral” rating for the company in a research note on Tuesday, February 17th. JPMorgan Chase & Co. reduced their price objective on shares of Kinsale Capital Group from $450.00 to $410.00 and set a “neutral” rating for the company in a research note on Monday, February 23rd. Jefferies Financial Group downgraded shares of Kinsale Capital Group from a “hold” rating to an “underperform” rating and reduced their price objective for the stock from $392.00 to $312.00 in a research note on Thursday, March 19th. Finally, Morgan Stanley restated an “equal weight” rating and set a $350.00 price objective (down from $450.00) on shares of Kinsale Capital Group in a research note on Monday. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Kinsale Capital Group presently has an average rating of “Hold” and an average price target of $419.09.

Kinsale Capital Group Company 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.