J2 Capital Management Inc Raises Holdings in Kinsale Capital Group, Inc. $KNSL

J2 Capital Management Inc increased its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 44.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,412 shares of the financial services provider’s stock after acquiring an additional 433 shares during the period. J2 Capital Management Inc’s holdings in Kinsale Capital Group were worth $683,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. grew its position in Kinsale Capital Group by 10.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,614 shares of the financial services provider’s stock worth $1,272,000 after acquiring an additional 254 shares during the period. Bridges Investment Management Inc. grew its position in Kinsale Capital Group by 111.5% in the first quarter. Bridges Investment Management Inc. now owns 5,026 shares of the financial services provider’s stock worth $2,446,000 after acquiring an additional 2,650 shares during the period. M&T Bank Corp grew its position in Kinsale Capital Group by 43.4% in the first quarter. M&T Bank Corp now owns 3,672 shares of the financial services provider’s stock worth $1,787,000 after acquiring an additional 1,111 shares during the period. Artemis Investment Management LLP grew its position in Kinsale Capital Group by 43.9% in the first quarter. Artemis Investment Management LLP now owns 80,924 shares of the financial services provider’s stock worth $39,387,000 after acquiring an additional 24,681 shares during the period. Finally, Moody Aldrich Partners LLC purchased a new position in Kinsale Capital Group in the first quarter worth approximately $270,000. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on KNSL shares. BMO Capital Markets increased their price objective on Kinsale Capital Group from $429.00 to $474.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 29th. Wall Street Zen upgraded Kinsale Capital Group from a “sell” rating to a “hold” rating in a research note on Sunday, June 22nd. Bank of America began coverage on Kinsale Capital Group in a research note on Friday, June 20th. They set a “buy” rating and a $543.00 price target on the stock. JPMorgan Chase & Co. upped their price target on Kinsale Capital Group from $440.00 to $460.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. Finally, Truist Financial upped their price target on Kinsale Capital Group from $500.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, July 28th. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $505.80.

Kinsale Capital Group Trading Down 1.7%

NYSE:KNSL opened at $418.13 on Thursday. The firm has a market cap of $9.74 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 1.56 and a beta of 1.09. The stock has a fifty day moving average price of $443.68 and a 200 day moving average price of $460.72. Kinsale Capital Group, Inc. has a 12-month low of $405.00 and a 12-month high of $531.79. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.11.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results on Thursday, July 24th. The financial services provider reported $4.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.41 by $0.37. The firm had revenue of $458.70 million during the quarter, compared to analyst estimates of $436.25 million. Kinsale Capital Group had a return on equity of 25.93% and a net margin of 25.92%.Kinsale Capital Group’s revenue was up 22.2% compared to the same quarter last year. During the same period last year, the business posted $3.75 earnings per share. Sell-side analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 11th. Investors of record on Friday, August 29th were issued a $0.17 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.68 dividend on an annualized basis and a yield of 0.2%. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.55%.

About Kinsale Capital Group

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.