1,485 Shares in Kinsale Capital Group, Inc. $KNSL Purchased by Expect Equity LLC

Expect Equity LLC purchased a new position in Kinsale Capital Group, Inc. (NYSE:KNSL) during the second quarter, HoldingsChannel reports. The fund purchased 1,485 shares of the financial services provider’s stock, valued at approximately $490,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KNSL. Vident Advisory LLC grew its stake in Kinsale Capital Group by 2.9% during the second quarter. Vident Advisory LLC now owns 825 shares of the financial services provider’s stock valued at $399,000 after acquiring an additional 23 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Kinsale Capital Group by 20.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 162 shares of the financial services provider’s stock worth $77,000 after acquiring an additional 28 shares in the last quarter. CWM LLC raised its holdings in shares of Kinsale Capital Group by 5.3% during the 4th quarter. CWM LLC now owns 592 shares of the financial services provider’s stock worth $232,000 after acquiring an additional 30 shares in the last quarter. Mutual Advisors LLC boosted its position in shares of Kinsale Capital Group by 4.0% during the 4th quarter. Mutual Advisors LLC now owns 883 shares of the financial services provider’s stock valued at $345,000 after acquiring an additional 34 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Kinsale Capital Group by 1.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,161 shares of the financial services provider’s stock valued at $1,236,000 after acquiring an additional 35 shares during the last quarter. 85.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wells Fargo & Company increased their price objective on shares of Kinsale Capital Group from $366.00 to $377.00 and gave the company an “equal weight” rating in a research report on Monday, July 27th. Weiss Ratings raised shares of Kinsale Capital Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 19th. Wall Street Zen upgraded Kinsale Capital Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. TD Cowen restated a “hold” rating on shares of Kinsale Capital Group in a research note on Tuesday, June 16th. Finally, Morgan Stanley increased their target price on shares of Kinsale Capital Group from $345.00 to $390.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 19th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $368.78.

Insiders Place Their Bets

In other news, CAO Christopher R. Tangard acquired 330 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were bought at an average price of $304.00 per share, for a total transaction of $100,320.00. Following the acquisition, the chief accounting officer owned 380 shares of the company’s stock, valued at approximately $115,520. This trade represents a 660.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 5.60% of the company’s stock.

Kinsale Capital Group Trading Down 1.8%

KNSL stock opened at $388.56 on Wednesday. Kinsale Capital Group, Inc. has a 12-month low of $287.20 and a 12-month high of $485.00. The business’s 50-day moving average is $349.91 and its 200 day moving average is $345.11. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.11. The stock has a market cap of $8.85 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 1.25 and a beta of 0.89.

Kinsale Capital Group (NYSE:KNSL) last announced its earnings results on Thursday, July 23rd. The financial services provider reported $5.54 EPS for the quarter, beating analysts’ consensus estimates of $5.11 by $0.43. The business had revenue of $548.52 million during the quarter, compared to analysts’ expectations of $445.13 million. Kinsale Capital Group had a return on equity of 25.54% and a net margin of 28.49%.The business’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.78 earnings per share. On average, sell-side analysts anticipate that Kinsale Capital Group, Inc. will post 21.1 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Friday, August 28th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, August 28th. Kinsale Capital Group’s dividend payout ratio is currently 4.05%.

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.