Griffin Asset Management Inc. Invests $228,000 in Kinsale Capital Group, Inc. (NYSE:KNSL)

Griffin Asset Management Inc. purchased a new stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 489 shares of the financial services provider’s stock, valued at approximately $228,000.

A number of other institutional investors also recently bought and sold shares of KNSL. Vaughan Nelson Investment Management L.P. bought a new stake in Kinsale Capital Group during the 1st quarter valued at approximately $196,358,000. Jackson Square Partners LLC purchased a new position in shares of Kinsale Capital Group in the 1st quarter valued at approximately $48,035,000. Champlain Investment Partners LLC boosted its position in shares of Kinsale Capital Group by 58.9% during the first quarter. Champlain Investment Partners LLC now owns 243,474 shares of the financial services provider’s stock valued at $127,761,000 after purchasing an additional 90,209 shares in the last quarter. Natixis Investment Managers International purchased a new stake in Kinsale Capital Group in the first quarter worth $35,850,000. Finally, Artemis Investment Management LLP bought a new position in Kinsale Capital Group in the second quarter worth $25,476,000. 85.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on KNSL shares. Truist Financial upped their target price on shares of Kinsale Capital Group from $485.00 to $530.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Jefferies Financial Group raised their target price on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Royal Bank of Canada boosted their price target on Kinsale Capital Group from $425.00 to $455.00 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. Wolfe Research lowered Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, September 16th. Finally, JPMorgan Chase & Co. dropped their target price on Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $446.00.

Kinsale Capital Group Stock Up 1.2 %

Kinsale Capital Group stock opened at $471.40 on Thursday. The firm has a market cap of $10.97 billion, a price-to-earnings ratio of 31.32, a PEG ratio of 2.05 and a beta of 1.08. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.15. Kinsale Capital Group, Inc. has a 12 month low of $325.01 and a 12 month high of $548.47. The stock has a fifty day simple moving average of $469.67 and a two-hundred day simple moving average of $427.83.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, July 25th. The financial services provider reported $3.75 earnings per share for the quarter, topping analysts’ consensus estimates of $3.52 by $0.23. The business had revenue of $384.55 million during the quarter, compared to analyst estimates of $410.20 million. Kinsale Capital Group had a return on equity of 30.33% and a net margin of 26.08%. Kinsale Capital Group’s revenue was up 30.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.88 EPS. Equities analysts predict that Kinsale Capital Group, Inc. will post 15.31 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, August 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.13%. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.99%.

Kinsale Capital Group 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.