Emerald Mutual Fund Advisers Trust Has $1.21 Million Stake in Kinsale Capital Group, Inc. $KNSL

Emerald Mutual Fund Advisers Trust lessened its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 38.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,492 shares of the financial services provider’s stock after selling 1,536 shares during the quarter. Emerald Mutual Fund Advisers Trust’s holdings in Kinsale Capital Group were worth $1,206,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Key Financial Inc increased its position in shares of Kinsale Capital Group by 315.4% during the 1st quarter. Key Financial Inc now owns 54 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 41 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of Kinsale Capital Group during the 1st quarter worth about $31,000. V Square Quantitative Management LLC acquired a new position in shares of Kinsale Capital Group during the 2nd quarter worth about $31,000. von Borstel & Associates Inc. acquired a new position in Kinsale Capital Group during the first quarter worth approximately $42,000. Finally, Toth Financial Advisory Corp increased its holdings in shares of Kinsale Capital Group by 90.0% during the 2nd quarter. Toth Financial Advisory Corp now owns 95 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 45 shares during the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Kinsale Capital Group Stock Down 1.3%

NYSE:KNSL opened at $398.28 on Friday. The firm’s 50 day simple moving average is $443.26 and its 200 day simple moving average is $457.68. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.09 and a quick ratio of 0.09. Kinsale Capital Group, Inc. has a one year low of $395.42 and a one year high of $531.79. The company has a market cap of $9.28 billion, a PE ratio of 19.56, a P/E/G ratio of 1.46 and a beta of 1.09.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $5.21 EPS for the quarter, topping analysts’ consensus estimates of $4.79 by $0.42. The company had revenue of $405.06 million for the quarter, compared to analyst estimates of $446.00 million. Kinsale Capital Group had a return on equity of 25.66% and a net margin of 26.30%.The firm’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the firm earned $4.20 earnings per share. On average, research analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 11th. Stockholders of record on Friday, August 29th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, August 29th. Kinsale Capital Group’s payout ratio is currently 3.34%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Morgan Stanley decreased their price target on shares of Kinsale Capital Group from $525.00 to $500.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 7th. Cantor Fitzgerald upgraded shares of Kinsale Capital Group to a “hold” rating in a research note on Wednesday, August 13th. JPMorgan Chase & Co. reduced their target price on Kinsale Capital Group from $460.00 to $450.00 and set a “neutral” rating on the stock in a report on Monday. Truist Financial raised their target price 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, BMO Capital Markets raised their price objective on Kinsale Capital Group from $429.00 to $474.00 and gave the company a “market perform” rating in a research note on Tuesday, July 29th. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $502.13.

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.