Kinsale Capital Group, Inc. $KNSL Position Reduced by Two Sigma Securities LLC

Two Sigma Securities LLC lessened its stake in Kinsale Capital Group, Inc. (NYSE:KNSLFree Report) by 74.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 617 shares of the financial services provider’s stock after selling 1,774 shares during the quarter. Two Sigma Securities LLC’s holdings in Kinsale Capital Group were worth $203,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of KNSL. Flputnam Investment Management Co. acquired a new stake in Kinsale Capital Group during the second quarter valued at approximately $101,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Kinsale Capital Group by 0.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 55,066 shares of the financial services provider’s stock worth $18,161,000 after acquiring an additional 378 shares in the last quarter. Hsbc Holdings PLC bought a new stake in shares of Kinsale Capital Group in the 2nd quarter valued at approximately $10,035,000. Beacon Pointe Advisors LLC bought a new stake in shares of Kinsale Capital Group in the 2nd quarter valued at approximately $1,149,000. Finally, United Capital Financial Advisors LLC acquired a new stake in shares of Kinsale Capital Group during the 2nd quarter valued at approximately $4,704,000. Institutional investors own 85.36% of the company’s stock.

Insider Activity at Kinsale Capital Group

In related news, CAO Christopher Tangard acquired 330 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were acquired at an average cost of $304.00 per share, for a total transaction of $100,320.00. Following the completion of the purchase, the chief accounting officer directly owned 380 shares in the company, valued at $115,520. This trade represents a 660.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 5.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on KNSL. TD Cowen reaffirmed a “hold” rating on shares of Kinsale Capital Group in a report on Tuesday, June 16th. Morgan Stanley raised their price target on shares of Kinsale Capital Group from $345.00 to $390.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 19th. JPMorgan Chase & Co. lifted their price target on shares of Kinsale Capital Group from $380.00 to $390.00 and gave the company a “neutral” rating in a report on Monday, July 20th. Wells Fargo & Company boosted their price objective on shares of Kinsale Capital Group from $366.00 to $377.00 and gave the company an “equal weight” rating in a research report on Monday, July 27th. Finally, Weiss Ratings upgraded shares of Kinsale Capital Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 19th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Kinsale Capital Group has a consensus rating of “Reduce” and an average price target of $368.78.

Check Out Our Latest Research Report on KNSL

Kinsale Capital Group Stock Performance

Shares of NYSE KNSL opened at $372.86 on Friday. Kinsale Capital Group, Inc. has a 12-month low of $287.20 and a 12-month high of $485.00. The company has a market cap of $8.49 billion, a PE ratio of 15.11, a P/E/G ratio of 1.18 and a beta of 0.89. The stock has a 50 day simple moving average of $361.07 and a 200-day simple moving average of $344.36. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.11.

Kinsale Capital Group (NYSE:KNSLGet Free Report) last posted its earnings results on Thursday, July 23rd. The financial services provider reported $5.54 EPS for the quarter, beating the consensus estimate of $5.11 by $0.43. The firm had revenue of $548.52 million for the quarter, compared to analysts’ expectations of $445.13 million. Kinsale Capital Group had a return on equity of 25.54% and a net margin of 28.49%.The firm’s revenue was up 16.8% compared to the same quarter last year. During the same period last year, the firm earned $4.78 EPS. On average, equities research analysts forecast that Kinsale Capital Group, Inc. will post 21.1 EPS for the current year.

Kinsale Capital Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Friday, August 28th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, August 28th. Kinsale Capital Group’s dividend payout ratio (DPR) is 4.05%.

Kinsale Capital Group Company Profile

(Free Report)

Kinsale Capital Group, Inc (NYSE:KNSL) is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company’s product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.

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Institutional Ownership by Quarter for Kinsale Capital Group (NYSE:KNSL)

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