Quadrature Capital Ltd Acquires 10,495 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Quadrature Capital Ltd lifted its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 142.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,838 shares of the financial services provider’s stock after acquiring an additional 10,495 shares during the period. Quadrature Capital Ltd owned 0.08% of Kinsale Capital Group worth $9,364,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Kinsale Capital Group by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 2,090,492 shares of the financial services provider’s stock valued at $700,127,000 after acquiring an additional 30,729 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Kinsale Capital Group in the first quarter worth about $196,358,000. DAVENPORT & Co LLC lifted its position in shares of Kinsale Capital Group by 0.4% in the first quarter. DAVENPORT & Co LLC now owns 327,664 shares of the financial services provider’s stock worth $173,095,000 after buying an additional 1,286 shares in the last quarter. Riverbridge Partners LLC boosted its stake in Kinsale Capital Group by 25.4% during the first quarter. Riverbridge Partners LLC now owns 311,664 shares of the financial services provider’s stock valued at $163,543,000 after buying an additional 63,141 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Kinsale Capital Group by 5.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 291,339 shares of the financial services provider’s stock valued at $97,572,000 after buying an additional 15,718 shares in the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Analyst Upgrades and Downgrades

KNSL has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased their price target on shares of Kinsale Capital Group from $400.00 to $420.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. BMO Capital Markets reduced their price objective on shares of Kinsale Capital Group from $544.00 to $453.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 30th. Truist Financial decreased their price objective on shares of Kinsale Capital Group from $600.00 to $440.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Oppenheimer assumed coverage on Kinsale Capital Group in a research note on Friday, July 12th. They set a “market perform” rating on the stock. Finally, Compass Point decreased their price target on Kinsale Capital Group from $490.00 to $390.00 and set a “neutral” rating for the company in a research note on Monday, April 29th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $434.00.

Insiders Place Their Bets

In related news, COO Brian D. Haney sold 3,778 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $367.74, for a total value of $1,389,321.72. Following the completion of the transaction, the chief operating officer now owns 95,850 shares in the company, valued at approximately $35,247,879. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.60% of the company’s stock.

Kinsale Capital Group Stock Up 17.5 %

Shares of NYSE KNSL traded up $66.04 during mid-day trading on Friday, reaching $443.29. 504,998 shares of the company were exchanged, compared to its average volume of 157,270. Kinsale Capital Group, Inc. has a 1 year low of $325.01 and a 1 year high of $548.47. The firm has a 50-day moving average of $386.43 and a 200 day moving average of $426.00. The stock has a market cap of $10.32 billion, a price-to-earnings ratio of 29.45, a P/E/G ratio of 1.68 and a beta of 1.06. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.16.

Kinsale Capital Group (NYSE:KNSL) last announced its earnings results on Thursday, July 25th. The financial services provider reported $3.75 earnings per share for the quarter, beating the consensus estimate of $3.52 by $0.23. The company had revenue of $384.55 million during the quarter, compared to the consensus estimate of $410.20 million. Kinsale Capital Group had a net margin of 26.08% and a return on equity of 31.73%. Kinsale Capital Group’s revenue was up 30.0% compared to the same quarter last year. During the same period last year, the firm earned $2.88 earnings per share. On average, research analysts expect that Kinsale Capital Group, Inc. will post 14.98 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Friday, May 31st were paid a dividend of $0.15 per share. The ex-dividend date was Friday, May 31st. This represents a $0.60 dividend on an annualized basis and a yield of 0.14%. Kinsale Capital Group’s payout ratio is 3.99%.

Kinsale Capital Group Company 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.