California Public Employees Retirement System raised its holdings in Kinsale Capital Group, Inc. (NASDAQ:KNSL) by 4.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,723 shares of the financial services provider’s stock after purchasing an additional 2,101 shares during the quarter. California Public Employees Retirement System owned 0.22% of Kinsale Capital Group worth $9,266,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Nisa Investment Advisors LLC purchased a new stake in shares of Kinsale Capital Group during the 2nd quarter valued at $42,000. Weaver Consulting Group acquired a new stake in shares of Kinsale Capital Group in the 2nd quarter valued at about $47,000. Valeo Financial Advisors LLC raised its stake in shares of Kinsale Capital Group by 62.5% in the 3rd quarter. Valeo Financial Advisors LLC now owns 325 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 125 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Kinsale Capital Group in the 3rd quarter valued at about $97,000. Finally, NEXT Financial Group Inc acquired a new stake in shares of Kinsale Capital Group in the 3rd quarter valued at about $135,000. 84.60% of the stock is currently owned by institutional investors.
NASDAQ:KNSL opened at $232.27 on Friday. Kinsale Capital Group, Inc. has a 1 year low of $80.93 and a 1 year high of $236.13. The firm’s fifty day simple moving average is $208.03 and its 200 day simple moving average is $178.76. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $5.27 billion, a PE ratio of 77.68 and a beta of 0.74.
Kinsale Capital Group (NASDAQ:KNSL) last posted its earnings results on Thursday, October 29th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.35). Kinsale Capital Group had a net margin of 16.47% and a return on equity of 13.42%. The firm had revenue of $122.50 million during the quarter, compared to analyst estimates of $113.94 million. During the same quarter in the previous year, the business posted $0.57 earnings per share. As a group, analysts anticipate that Kinsale Capital Group, Inc. will post 2.77 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Monday, November 30th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Friday, November 27th. This represents a $0.36 dividend on an annualized basis and a yield of 0.15%. Kinsale Capital Group’s payout ratio is presently 14.94%.
KNSL has been the topic of a number of recent analyst reports. Truist upped their target price on shares of Kinsale Capital Group from $200.00 to $220.00 in a research note on Monday, October 5th. BidaskClub upgraded shares of Kinsale Capital Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 7th. Compass Point started coverage on shares of Kinsale Capital Group in a research report on Thursday, September 17th. They issued a “neutral” rating and a $202.00 target price for the company. Finally, Zacks Investment Research cut shares of Kinsale Capital Group from a “buy” rating to a “hold” rating and set a $196.00 target price for the company. in a research report on Wednesday, September 30th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Kinsale Capital Group currently has a consensus rating of “Buy” and a consensus target price of $184.60.
In other Kinsale Capital Group news, CEO Michael P. Kehoe sold 2,500 shares of the firm’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $200.44, for a total value of $501,100.00. Following the sale, the chief executive officer now directly owns 343,699 shares in the company, valued at approximately $68,891,027.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Robert Lippincott III sold 13,500 shares of the firm’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $206.00, for a total transaction of $2,781,000.00. Following the completion of the sale, the chairman now owns 24,314 shares in the company, valued at $5,008,684. The disclosure for this sale can be found here. Company insiders own 7.30% of the company’s stock.
Kinsale Capital Group Company Profile
Kinsale Capital Group, Inc provides casualty and property insurance products in the United States. Its commercial lines offerings include construction, small business, energy, excess and general casualty, life sciences, allied health, health care, commercial property, environmental, public entity, inland marine, homeowners, and commercial insurance, as well as product, professional, and management liability insurance.
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