Munro Partners Purchases Shares of 4,860 Kinsale Capital Group, Inc. $KNSL

Munro Partners bought a new stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,860 shares of the financial services provider’s stock, valued at approximately $2,352,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in Kinsale Capital Group during the 2nd quarter valued at $31,000. Darwin Wealth Management LLC acquired a new position in shares of Kinsale Capital Group in the second quarter worth about $38,000. VSM Wealth Advisory LLC purchased a new position in Kinsale Capital Group during the 2nd quarter worth approximately $39,000. Toth Financial Advisory Corp boosted its position in Kinsale Capital Group by 90.0% during the 2nd quarter. Toth Financial Advisory Corp now owns 95 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 45 shares during the period. Finally, Ancora Advisors LLC acquired a new stake in shares of Kinsale Capital Group during the 1st quarter valued at $49,000. 85.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KNSL. JPMorgan Chase & Co. dropped their price objective on Kinsale Capital Group from $460.00 to $450.00 and set a “neutral” rating on the stock in a report on Monday, October 27th. Weiss Ratings restated a “hold (c)” rating on shares of Kinsale Capital Group in a research note on Monday, December 8th. Morgan Stanley cut their target price on shares of Kinsale Capital Group from $490.00 to $480.00 and set an “overweight” rating for the company in a research report on Monday, November 17th. Royal Bank Of Canada started coverage on Kinsale Capital Group in a research report on Tuesday, November 25th. They set a “sector perform” rating and a $415.00 price objective for the company. Finally, Wall Street Zen upgraded Kinsale Capital Group from a “sell” rating to a “hold” rating in a report on Sunday. Three investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, Kinsale Capital Group presently has a consensus rating of “Hold” and an average target price of $483.78.

Kinsale Capital Group Trading Up 0.7%

Kinsale Capital Group stock opened at $390.91 on Friday. The business has a 50 day moving average price of $408.53 and a two-hundred day moving average price of $440.58. 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, Inc. has a 12 month low of $349.00 and a 12 month high of $512.76. The stock has a market cap of $9.09 billion, a price-to-earnings ratio of 19.20, a price-to-earnings-growth ratio of 1.40 and a beta of 0.96.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $5.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.79 by $0.42. The business had revenue of $497.51 million for the quarter, compared to analysts’ expectations of $446.00 million. Kinsale Capital Group had a return on equity of 25.66% and a net margin of 26.30%.Kinsale Capital Group’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the business posted $4.20 earnings per share. As a group, equities analysts forecast that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group announced that its board has authorized a stock repurchase plan on Thursday, December 11th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to purchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Kinsale Capital Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Friday, November 28th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, November 28th. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.34%.

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.