Kinsale Capital Group, Inc. $KNSL Shares Purchased by Mitchell Sinkler & Starr PA

Mitchell Sinkler & Starr PA increased its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 5.8% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,538 shares of the financial services provider’s stock after acquiring an additional 85 shares during the period. Mitchell Sinkler & Starr PA’s holdings in Kinsale Capital Group were worth $744,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CWM LLC lifted its position in Kinsale Capital Group by 37.6% during the 2nd quarter. CWM LLC now owns 494 shares of the financial services provider’s stock worth $239,000 after acquiring an additional 135 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Kinsale Capital Group by 7.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,684 shares of the financial services provider’s stock valued at $1,300,000 after purchasing an additional 190 shares in the last quarter. Callan Family Office LLC acquired a new position in shares of Kinsale Capital Group in the 2nd quarter valued at approximately $530,000. Vontobel Holding Ltd. acquired a new position in shares of Kinsale Capital Group in the 2nd quarter valued at approximately $243,000. Finally, Venturi Wealth Management LLC raised its position in shares of Kinsale Capital Group by 41.4% in the 2nd quarter. Venturi Wealth Management LLC now owns 4,020 shares of the financial services provider’s stock valued at $1,945,000 after purchasing an additional 1,178 shares in the last quarter. 85.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KNSL has been the topic of a number of recent analyst reports. Bank of America started coverage on Kinsale Capital Group in a research report on Friday, June 20th. They issued a “buy” rating and a $543.00 target price on the stock. BMO Capital Markets boosted their price target on Kinsale Capital Group from $429.00 to $474.00 and gave the company a “market perform” rating in a report on Tuesday, July 29th. Cantor Fitzgerald upgraded Kinsale Capital Group to a “hold” rating in a report on Wednesday, August 13th. Truist Financial boosted their price target on Kinsale Capital Group from $500.00 to $560.00 and gave the company a “buy” rating in a report on Monday, July 28th. Finally, Morgan Stanley lowered their price target on Kinsale Capital Group from $525.00 to $500.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $506.89.

Kinsale Capital Group Price Performance

Shares of KNSL opened at $469.89 on Friday. The company has a market cap of $10.95 billion, a P/E ratio of 24.51, a PEG ratio of 1.72 and a beta of 1.09. The stock has a fifty day moving average price of $445.23 and a 200 day moving average price of $460.72. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.10 and a quick ratio of 0.10. Kinsale Capital Group, Inc. has a 12 month low of $405.00 and a 12 month high of $531.79.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings data on Thursday, July 24th. The financial services provider reported $4.78 EPS for the quarter, topping analysts’ consensus estimates of $4.41 by $0.37. The firm had revenue of $458.70 million during the quarter, compared to the consensus estimate of $436.25 million. Kinsale Capital Group had a return on equity of 25.93% and a net margin of 25.92%.The firm’s revenue was up 22.2% on a year-over-year basis. During the same period in the prior year, the business earned $3.75 EPS. On average, research analysts forecast that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 11th. Investors of record on Friday, August 29th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Friday, August 29th. Kinsale Capital Group’s dividend payout ratio is presently 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.