16,854 Shares in Kinsale Capital Group, Inc. (NYSE:KNSL) Purchased by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC bought a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 16,854 shares of the financial services provider’s stock, valued at approximately $7,847,000.

Several other institutional investors also recently made changes to their positions in KNSL. ORG Wealth Partners LLC acquired a new position in shares of Kinsale Capital Group during the third quarter worth approximately $26,000. UMB Bank n.a. grew its stake in shares of Kinsale Capital Group by 408.3% in the third quarter. UMB Bank n.a. now owns 61 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 49 shares in the last quarter. Trust Co. of Vermont increased its holdings in shares of Kinsale Capital Group by 113.6% during the second quarter. Trust Co. of Vermont now owns 94 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 50 shares during the period. Signaturefd LLC raised its stake in shares of Kinsale Capital Group by 68.9% during the third quarter. Signaturefd LLC now owns 103 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 42 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in Kinsale Capital Group by 225.7% in the third quarter. Massmutual Trust Co. FSB ADV now owns 114 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 79 shares during the period. 85.36% of the stock is owned by institutional investors.

Kinsale Capital Group Trading Up 2.0 %

Shares of NYSE KNSL opened at $478.71 on Thursday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13. Kinsale Capital Group, Inc. has a 12 month low of $325.01 and a 12 month high of $548.47. The company has a market cap of $11.15 billion, a price-to-earnings ratio of 27.29, a P/E/G ratio of 2.02 and a beta of 1.09. The business has a fifty day simple moving average of $458.87 and a 200-day simple moving average of $431.02.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share for the quarter, topping the consensus estimate of $3.60 by $0.60. The business had revenue of $418.06 million for the quarter, compared to the consensus estimate of $359.43 million. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. The firm’s quarterly revenue was up 33.0% compared to the same quarter last year. During the same period last year, the firm posted $3.31 earnings per share. Sell-side analysts predict that Kinsale Capital Group, Inc. will post 15.52 EPS for the current year.

Kinsale Capital Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.60 annualized dividend and a yield of 0.13%. Kinsale Capital Group’s dividend payout ratio is presently 3.42%.

Analysts Set New Price Targets

Several equities analysts have commented on KNSL shares. Royal Bank of Canada lowered their target price on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a research note on Monday, October 28th. Jefferies Financial Group boosted their target price on Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Wolfe Research upgraded Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price target on the stock in a research report on Monday, October 28th. Truist Financial dropped their price objective on Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co. decreased their target price on Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Kinsale Capital Group has an average rating of “Hold” and a consensus price target of $455.88.

About Kinsale Capital Group

Kinsale Capital Group, Inc, a specialty insurance company, engages in the provision of property and casualty insurance products in the United States. The company’s commercial lines offerings include commercial property, small business casualty and property, excess and general casualty, construction, allied health, life sciences, entertainment, energy, environmental, excess professional, health care, public entity, commercial auto, inland marine, aviation, ocean marine, product recall, and railroad, as well as product, professional, and management liability insurance.