Applied Finance Capital Management LLC Takes $271,000 Position in Kinsale Capital Group, Inc. $KNSL

Applied Finance Capital Management LLC acquired a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 561 shares of the financial services provider’s stock, valued at approximately $271,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC bought a new stake in Kinsale Capital Group during the first quarter worth about $125,003,000. First Manhattan CO. LLC. raised its holdings in shares of Kinsale Capital Group by 401.4% during the 1st quarter. First Manhattan CO. LLC. now owns 201,272 shares of the financial services provider’s stock valued at $97,961,000 after buying an additional 161,132 shares in the last quarter. Madison Asset Management LLC bought a new stake in Kinsale Capital Group in the 1st quarter worth approximately $76,235,000. JPMorgan Chase & Co. boosted its stake in Kinsale Capital Group by 39.8% in the first quarter. JPMorgan Chase & Co. now owns 460,651 shares of the financial services provider’s stock worth $224,204,000 after buying an additional 131,056 shares in the last quarter. Finally, Giverny Capital Inc. grew its position in Kinsale Capital Group by 87.3% during the first quarter. Giverny Capital Inc. now owns 169,967 shares of the financial services provider’s stock valued at $82,725,000 after acquiring an additional 79,208 shares during the last quarter. Institutional investors own 85.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on KNSL shares. JPMorgan Chase & Co. boosted their price objective on shares of Kinsale Capital Group from $440.00 to $460.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Wall Street Zen raised shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a research note on Sunday, June 22nd. Morgan Stanley cut their price target on shares of Kinsale Capital Group from $525.00 to $500.00 and set an “overweight” rating for the company in a research report on Tuesday, October 7th. Truist Financial lifted their price objective on Kinsale Capital Group from $500.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, July 28th. Finally, Compass Point increased their target price on Kinsale Capital Group from $432.00 to $490.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $506.89.

Kinsale Capital Group Price Performance

KNSL stock opened at $447.12 on Friday. The firm’s 50-day moving average price is $446.86 and its two-hundred day moving average price is $459.74. Kinsale Capital Group, Inc. has a 12-month low of $405.00 and a 12-month high of $531.79. The stock has a market capitalization of $10.42 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 1.65 and a beta of 1.09. 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 posted its earnings results on Thursday, July 24th. The financial services provider reported $4.78 earnings per share for the quarter, topping analysts’ consensus estimates of $4.41 by $0.37. The company had revenue of $458.70 million during the quarter, compared to analyst estimates of $436.25 million. Kinsale Capital Group had a net margin of 25.92% and a return on equity of 25.93%. Kinsale Capital Group’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same period in the prior year, the business posted $3.75 earnings per share. As a group, equities analysts predict 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. Shareholders 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 annualized dividend and a yield of 0.2%. Kinsale Capital Group’s dividend payout ratio 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.