1,777 Shares in Kinsale Capital Group, Inc. $KNSL Bought by Peloton Wealth Strategists

Peloton Wealth Strategists bought a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,777 shares of the financial services provider’s stock, valued at approximately $860,000.

Other hedge funds also recently modified their holdings of the company. Focus Partners Wealth raised its holdings in Kinsale Capital Group by 52.3% during the 1st quarter. Focus Partners Wealth now owns 18,324 shares of the financial services provider’s stock worth $8,918,000 after buying an additional 6,293 shares during the period. The Manufacturers Life Insurance Company lifted its position in Kinsale Capital Group by 337.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 80,482 shares of the financial services provider’s stock valued at $39,171,000 after acquiring an additional 62,088 shares in the last quarter. Inspire Investing LLC lifted its position in Kinsale Capital Group by 110.2% in the 1st quarter. Inspire Investing LLC now owns 9,180 shares of the financial services provider’s stock valued at $4,468,000 after acquiring an additional 4,812 shares in the last quarter. Congress Asset Management Co. lifted its holdings in shares of Kinsale Capital Group by 2.7% in the second quarter. Congress Asset Management Co. now owns 56,714 shares of the financial services provider’s stock valued at $27,444,000 after purchasing an additional 1,480 shares in the last quarter. Finally, Swedbank AB boosted its position in shares of Kinsale Capital Group by 1.8% during the second quarter. Swedbank AB now owns 58,050 shares of the financial services provider’s stock worth $28,090,000 after buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 85.36% of the company’s stock.

Wall Street Analyst Weigh In

KNSL has been the topic of several research reports. Royal Bank Of Canada started coverage on Kinsale Capital Group in a research note on Tuesday, November 25th. They issued a “sector perform” rating and a $415.00 target price on the stock. Morgan Stanley lowered their price target on shares of Kinsale Capital Group from $490.00 to $480.00 and set an “overweight” rating on the stock in a research note on Monday, November 17th. Weiss Ratings restated a “hold (c+)” rating on shares of Kinsale Capital Group in a report on Tuesday, November 25th. Cantor Fitzgerald upgraded Kinsale Capital Group to a “hold” rating in a report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. decreased their price target on Kinsale Capital Group from $460.00 to $450.00 and set a “neutral” rating for the company in a research note on Monday, October 27th. Three research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kinsale Capital Group presently has an average rating of “Hold” and a consensus target price of $483.78.

Kinsale Capital Group Price Performance

Shares of NYSE KNSL opened at $375.89 on Wednesday. The business’s 50 day moving average price is $417.63 and its two-hundred day moving average price is $445.74. The company has a market cap of $8.74 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 1.46 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 0.11. Kinsale Capital Group, Inc. has a twelve month low of $363.14 and a twelve month high of $531.79.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, October 23rd. The financial services provider reported $5.21 EPS for the quarter, topping the consensus estimate of $4.79 by $0.42. Kinsale Capital Group had a return on equity of 25.66% and a net margin of 26.30%.The company had revenue of $497.51 million during the quarter, compared to the consensus estimate of $446.00 million. During the same period in the previous year, the company posted $4.20 EPS. The firm’s revenue for the quarter was up 19.0% compared to the same quarter last year. On average, analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Friday, November 28th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, November 28th. Kinsale Capital Group’s payout ratio is currently 3.34%.

Kinsale Capital Group 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.