Odyssean LLC Purchases 5,591 Shares of Kinsale Capital Group, Inc. $KNSL

Odyssean LLC boosted its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 141.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,547 shares of the financial services provider’s stock after buying an additional 5,591 shares during the quarter. Odyssean LLC’s holdings in Kinsale Capital Group were worth $3,149,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in KNSL. Bayban bought a new stake in Kinsale Capital Group in the 4th quarter worth $25,000. International Assets Investment Management LLC bought a new position in shares of Kinsale Capital Group during the fourth quarter valued at about $29,000. Johnson Financial Group Inc. boosted its holdings in shares of Kinsale Capital Group by 257.1% during the third quarter. Johnson Financial Group Inc. now owns 75 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 54 shares during the period. Larson Financial Group LLC grew its stake in shares of Kinsale Capital Group by 225.0% in the third quarter. Larson Financial Group LLC now owns 78 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 54 shares during the last quarter. Finally, Darwin Wealth Management LLC purchased a new position in Kinsale Capital Group during the 2nd quarter valued at about $38,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Insider Transactions at Kinsale Capital Group

In other Kinsale Capital Group news, CAO Christopher Tangard acquired 330 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The shares were acquired at an average price of $304.00 per share, with a total value of $100,320.00. Following the completion of the purchase, the chief accounting officer directly owned 380 shares of the company’s stock, valued at approximately $115,520. The trade was a 660.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

Kinsale Capital Group Price Performance

Shares of KNSL stock opened at $372.86 on Friday. The stock has a market cap of $8.49 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 1.21 and a beta of 0.89. The business’s fifty day moving average is $361.07 and its 200 day moving average is $344.36. Kinsale Capital Group, Inc. has a twelve month low of $287.20 and a twelve month high of $485.00. 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 (NYSE:KNSL) last announced its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $5.54 EPS for the quarter, beating the consensus estimate of $5.11 by $0.43. Kinsale Capital Group had a return on equity of 25.54% and a net margin of 28.49%.The business had revenue of $548.52 million during the quarter, compared to analyst estimates of $445.13 million. During the same quarter last year, the firm posted $4.78 earnings per share. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. Research analysts expect that Kinsale Capital Group, Inc. will post 21.1 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Friday, August 28th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, August 28th. Kinsale Capital Group’s dividend payout ratio (DPR) is 4.05%.

Kinsale Capital Group 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.