Algert Global LLC Has $5.40 Million Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Algert Global LLC raised its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 1.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 11,601 shares of the financial services provider’s stock after acquiring an additional 110 shares during the quarter. Algert Global LLC’s holdings in Kinsale Capital Group were worth $5,401,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC bought a new position in shares of Kinsale Capital Group in the first quarter valued at $301,000. 2Xideas AG increased its position in Kinsale Capital Group by 15.0% during the first quarter. 2Xideas AG now owns 30,022 shares of the financial services provider’s stock worth $15,754,000 after buying an additional 3,911 shares during the last quarter. Vancity Investment Management Ltd acquired a new stake in shares of Kinsale Capital Group in the first quarter valued at approximately $472,000. Tidal Investments LLC boosted its stake in shares of Kinsale Capital Group by 362.1% during the 1st quarter. Tidal Investments LLC now owns 3,637 shares of the financial services provider’s stock worth $1,932,000 after acquiring an additional 2,850 shares during the period. Finally, Hancock Whitney Corp increased its holdings in shares of Kinsale Capital Group by 3.1% during the 1st quarter. Hancock Whitney Corp now owns 1,245 shares of the financial services provider’s stock worth $653,000 after acquiring an additional 38 shares during the last quarter. 85.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on KNSL. Truist Financial reduced their price objective on shares of Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating for the company in a research report on Monday, October 28th. BMO Capital Markets raised their price objective on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a research report on Thursday. Jefferies Financial Group increased their target price on Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Royal Bank of Canada reduced their price target on Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating for the company in a research note on Monday, October 28th. Finally, Wolfe Research raised Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 target price for the company in a report on Monday, October 28th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Kinsale Capital Group currently has a consensus rating of “Hold” and a consensus price target of $456.88.

Kinsale Capital Group Trading Up 1.8 %

Shares of Kinsale Capital Group stock opened at $498.69 on Monday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13. Kinsale Capital Group, Inc. has a 12-month low of $325.01 and a 12-month high of $548.47. The company has a market capitalization of $11.61 billion, a price-to-earnings ratio of 28.43, a PEG ratio of 2.10 and a beta of 1.09. The firm’s 50-day moving average price is $460.24 and its two-hundred day moving average price is $432.75.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.60 by $0.60. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. The business had revenue of $418.06 million for the quarter, compared to analyst estimates of $359.43 million. During the same quarter last year, the business posted $3.31 EPS. The firm’s revenue for the quarter was up 33.0% on a year-over-year basis. On average, analysts forecast that Kinsale Capital Group, Inc. will post 15.52 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, November 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.12%. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 3.42%.

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.