Nicolet Advisory Services LLC Has $646,000 Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Nicolet Advisory Services LLC grew its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 6.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,353 shares of the financial services provider’s stock after purchasing an additional 77 shares during the period. Nicolet Advisory Services LLC’s holdings in Kinsale Capital Group were worth $646,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in KNSL. O Shaughnessy Asset Management LLC acquired a new stake in shares of Kinsale Capital Group during the 1st quarter worth approximately $301,000. CANADA LIFE ASSURANCE Co raised its stake in shares of Kinsale Capital Group by 18.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 14,836 shares of the financial services provider’s stock valued at $7,776,000 after buying an additional 2,302 shares in the last quarter. Ascent Group LLC lifted its holdings in shares of Kinsale Capital Group by 7.9% during the 1st quarter. Ascent Group LLC now owns 4,029 shares of the financial services provider’s stock worth $2,114,000 after acquiring an additional 294 shares during the period. 2Xideas AG boosted its position in shares of Kinsale Capital Group by 15.0% during the 1st quarter. 2Xideas AG now owns 30,022 shares of the financial services provider’s stock valued at $15,754,000 after acquiring an additional 3,911 shares in the last quarter. Finally, Vancity Investment Management Ltd bought a new stake in Kinsale Capital Group in the first quarter valued at about $472,000. Institutional investors own 85.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Jefferies Financial Group raised their target price on Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. BMO Capital Markets lifted their price target on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a report on Thursday. Wolfe Research raised shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price objective on the stock in a research note on Monday, October 28th. Truist Financial cut their target price on shares of Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Finally, Royal Bank of Canada decreased their price target on Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a research report on Monday, October 28th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Kinsale Capital Group presently has a consensus rating of “Hold” and a consensus price target of $456.88.

Kinsale Capital Group Stock Performance

Shares of Kinsale Capital Group stock opened at $498.69 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a 50 day simple moving average of $460.24 and a 200 day simple moving average of $432.17. Kinsale Capital Group, Inc. has a fifty-two week low of $325.01 and a fifty-two week high of $548.47. The firm has a market cap of $11.61 billion, a P/E ratio of 28.43, a P/E/G ratio of 2.10 and a beta of 1.09.

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

Kinsale Capital Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.15 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.12%. Kinsale Capital Group’s payout ratio is 3.42%.

Kinsale Capital Group 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.