Financial Strategies Group Inc. Buys 57 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Financial Strategies Group Inc. raised its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 6.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 999 shares of the financial services provider’s stock after purchasing an additional 57 shares during the period. Financial Strategies Group Inc.’s holdings in Kinsale Capital Group were worth $472,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Benjamin Edwards Inc. boosted its holdings in Kinsale Capital Group by 9.9% in the 2nd quarter. Benjamin Edwards Inc. now owns 267 shares of the financial services provider’s stock worth $103,000 after buying an additional 24 shares during the period. Leibman Financial Services Inc. boosted its stake in shares of Kinsale Capital Group by 0.5% in the third quarter. Leibman Financial Services Inc. now owns 4,562 shares of the financial services provider’s stock worth $2,124,000 after acquiring an additional 24 shares during the period. Parkside Financial Bank & Trust grew its position in shares of Kinsale Capital Group by 9.2% during the second quarter. Parkside Financial Bank & Trust now owns 331 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 28 shares in the last quarter. CWM LLC raised its stake in Kinsale Capital Group by 8.8% during the 3rd quarter. CWM LLC now owns 406 shares of the financial services provider’s stock valued at $189,000 after purchasing an additional 33 shares during the period. Finally, Hancock Whitney Corp lifted its holdings in Kinsale Capital Group by 3.1% in the 1st quarter. Hancock Whitney Corp now owns 1,245 shares of the financial services provider’s stock worth $653,000 after purchasing an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Analyst Upgrades and Downgrades

KNSL has been the subject of several recent analyst reports. JPMorgan Chase & Co. dropped their price target 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. Jefferies Financial Group upped their price target on Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Oppenheimer initiated coverage on Kinsale Capital Group in a research note on Friday, July 12th. They issued a “market perform” rating for the company. Wolfe Research upgraded Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price target for the company in a research note on Monday, October 28th. Finally, Royal Bank of Canada dropped their price target on Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating for the company in a research note on Monday, October 28th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $455.88.

Kinsale Capital Group Stock Down 0.7 %

Shares of KNSL opened at $448.26 on Friday. The stock has a market capitalization of $10.44 billion, a price-to-earnings ratio of 25.56, a price-to-earnings-growth ratio of 1.83 and a beta of 1.09. Kinsale Capital Group, Inc. has a 1 year low of $325.01 and a 1 year high of $548.47. The business’s 50 day simple moving average is $459.08 and its 200-day simple moving average is $426.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.09 and a quick ratio of 0.09.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.60 by $0.60. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. The business had revenue of $418.06 million for the quarter, compared to analysts’ expectations of $359.43 million. During the same period in the prior year, the firm earned $3.31 EPS. The company’s revenue for the quarter was up 33.0% on a year-over-year basis. As a group, equities analysts expect that Kinsale Capital Group, Inc. will post 15.48 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, August 29th. This represents a $0.60 annualized dividend and a yield of 0.13%. Kinsale Capital Group’s payout ratio is presently 3.42%.

Kinsale Capital Group Company Profile

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.