6,309 Shares in Kinsale Capital Group, Inc. $KNSL Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 6,309 shares of the financial services provider’s stock, valued at approximately $2,081,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vident Advisory LLC boosted its position in shares of Kinsale Capital Group by 2.9% in the second quarter. Vident Advisory LLC now owns 825 shares of the financial services provider’s stock worth $399,000 after acquiring an additional 23 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Kinsale Capital Group by 20.9% during the second quarter. Smartleaf Asset Management LLC now owns 162 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 28 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Kinsale Capital Group by 1.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,161 shares of the financial services provider’s stock worth $1,236,000 after purchasing an additional 35 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its stake in Kinsale Capital Group by 4.9% during the first quarter. Fifth Third Wealth Advisors LLC now owns 793 shares of the financial services provider’s stock worth $271,000 after purchasing an additional 37 shares during the period. Finally, Strategic Advisors LLC raised its stake in Kinsale Capital Group by 0.4% during the fourth quarter. Strategic Advisors LLC now owns 8,553 shares of the financial services provider’s stock worth $3,346,000 after purchasing an additional 38 shares during the period. Institutional investors and hedge funds own 85.36% of the company’s stock.

Kinsale Capital Group Price Performance

Kinsale Capital Group stock opened at $372.86 on Monday. Kinsale Capital Group, Inc. has a 52-week low of $287.20 and a 52-week high of $485.00. The firm has a fifty day moving average of $361.07 and a 200-day moving average of $344.17. The firm has a market capitalization of $8.49 billion, a P/E ratio of 15.11, a PEG ratio of 1.18 and a beta of 0.89. 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 (NYSE:KNSL) last issued its earnings results on Thursday, July 23rd. The financial services provider reported $5.54 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $548.52 million for the quarter, compared to the consensus estimate of $445.13 million. During the same quarter last year, the firm posted $4.78 EPS. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. As a group, analysts predict that Kinsale Capital Group, Inc. will post 21.1 EPS for the current year.

Kinsale Capital Group Announces Dividend

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 $0.25 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.00 annualized dividend and a yield of 0.3%. Kinsale Capital Group’s dividend payout ratio (DPR) is 4.05%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Morgan Stanley boosted their price objective on shares of Kinsale Capital Group from $345.00 to $390.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 19th. 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. lifted their target price on Kinsale Capital Group from $380.00 to $390.00 and gave the company a “neutral” rating in a report on Monday, July 20th. TD Cowen reissued a “hold” rating on shares of Kinsale Capital Group in a research report on Tuesday, June 16th. Finally, Wells Fargo & Company upped their price target on Kinsale Capital Group from $366.00 to $377.00 and gave the stock an “equal weight” rating in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Kinsale Capital Group has a consensus rating of “Reduce” and a consensus price target of $368.78.

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.