Fox Run Management L.L.C. Takes Position in Kinsale Capital Group, Inc. $KNSL

Fox Run Management L.L.C. acquired a new position in Kinsale Capital Group, Inc. (NYSE:KNSL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,143 shares of the financial services provider’s stock, valued at approximately $911,000.

Other large investors have also recently bought and sold shares of the company. Root Financial Partners LLC bought a new stake in Kinsale Capital Group in the 3rd quarter valued at $33,000. Darwin Wealth Management LLC acquired a new position in shares of Kinsale Capital Group during the second quarter valued at about $38,000. VSM Wealth Advisory LLC bought a new stake in shares of Kinsale Capital Group in the second quarter valued at about $39,000. Abich Financial Wealth Management LLC acquired a new stake in Kinsale Capital Group during the third quarter worth about $40,000. Finally, Eastern Bank bought a new position in Kinsale Capital Group during the third quarter valued at about $43,000. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Kinsale Capital Group Price Performance

Shares of Kinsale Capital Group stock opened at $382.15 on Friday. The stock has a market capitalization of $8.89 billion, a price-to-earnings ratio of 17.63, a P/E/G ratio of 1.53 and a beta of 0.99. The firm’s 50-day moving average price is $393.67 and its two-hundred day moving average price is $412.06. The company has a current ratio of 0.08, a quick ratio of 0.09 and a debt-to-equity ratio of 0.11. Kinsale Capital Group, Inc. has a 1-year low of $341.06 and a 1-year high of $512.76.

Kinsale Capital Group (NYSE:KNSL) last posted its earnings results on Thursday, February 12th. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.30 by $0.51. Kinsale Capital Group had a net margin of 26.87% and a return on equity of 25.45%. The company had revenue of $483.27 million during the quarter, compared to analysts’ expectations of $467.66 million. During the same quarter in the previous year, the company posted $4.62 earnings per share. On average, equities analysts predict that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, February 26th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, February 26th. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.17. This represents a $1.00 annualized dividend and a dividend yield of 0.3%. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 3.14%.

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 shares. This repurchase authorization authorizes the financial services provider to reacquire up to 2.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts have commented on KNSL shares. Wells Fargo & Company began coverage on Kinsale Capital Group in a research report on Thursday, January 15th. They issued an “overweight” rating and a $490.00 price objective for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Kinsale Capital Group in a research note on Monday, December 29th. Cantor Fitzgerald lowered their price target on shares of Kinsale Capital Group from $422.00 to $360.00 and set a “neutral” rating on the stock in a report on Tuesday, February 17th. Jefferies Financial Group reaffirmed a “hold” rating and set a $433.00 price objective on shares of Kinsale Capital Group in a report on Friday, February 13th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Kinsale Capital Group from $450.00 to $410.00 and set a “neutral” rating for the company in a research report on Monday. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $441.91.

Kinsale Capital Group Company Profile

Kinsale Capital Group, Inc (NYSE:KNSL) is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company’s product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.