Signature Estate & Investment Advisors LLC Makes New Investment in Kinsale Capital Group, Inc. (NYSE:KNSL)

Signature Estate & Investment Advisors LLC purchased a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 518 shares of the financial services provider’s stock, valued at approximately $241,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Headlands Technologies LLC acquired a new position in Kinsale Capital Group during the 1st quarter worth $25,000. Dorsey & Whitney Trust CO LLC acquired a new position in shares of Kinsale Capital Group during the 1st quarter worth about $223,000. Bahl & Gaynor Inc. boosted its stake in Kinsale Capital Group by 1.0% during the 1st quarter. Bahl & Gaynor Inc. now owns 11,757 shares of the financial services provider’s stock valued at $6,169,000 after purchasing an additional 120 shares during the period. Champlain Investment Partners LLC grew its holdings in Kinsale Capital Group by 58.9% in the 1st quarter. Champlain Investment Partners LLC now owns 243,474 shares of the financial services provider’s stock valued at $127,761,000 after buying an additional 90,209 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new position in Kinsale Capital Group in the 1st quarter worth approximately $301,000. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KNSL. Royal Bank of Canada lowered their price objective on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a research note on Monday, October 28th. Truist Financial decreased their price target on shares of Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Jefferies Financial Group upped their price objective on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. decreased their target price on Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Finally, Wolfe Research raised Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price target for the company in a report on Monday, October 28th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Kinsale Capital Group currently has an average rating of “Hold” and an average price target of $455.88.

Kinsale Capital Group Stock Performance

NYSE:KNSL opened at $465.24 on Friday. The firm has a market capitalization of $10.84 billion, a PE ratio of 26.52, a price-to-earnings-growth ratio of 2.05 and a beta of 1.09. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13. Kinsale Capital Group, Inc. has a 12-month low of $325.01 and a 12-month high of $548.47. The firm has a 50-day moving average price of $458.34 and a 200 day moving average price of $428.63.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.60 by $0.60. The business had revenue of $418.06 million during the quarter, compared to analysts’ expectations of $359.43 million. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. Kinsale Capital Group’s quarterly revenue was up 33.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.31 EPS. Research analysts anticipate that Kinsale Capital Group, Inc. will post 15.52 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.15 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.13%. Kinsale Capital Group’s dividend payout ratio is presently 3.42%.

Kinsale Capital Group Company Profile

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.