Algert Global LLC Has $5.40 Million Stock Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Algert Global LLC boosted its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 1.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,601 shares of the financial services provider’s stock after buying an additional 110 shares during the quarter. Algert Global LLC’s holdings in Kinsale Capital Group were worth $5,401,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of KNSL. ORG Wealth Partners LLC bought a new stake in shares of Kinsale Capital Group in the third quarter valued at approximately $26,000. UMB Bank n.a. grew its position in Kinsale Capital Group by 408.3% in the 3rd quarter. UMB Bank n.a. now owns 61 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 49 shares during the last quarter. Trust Co. of Vermont increased its holdings in shares of Kinsale Capital Group by 113.6% during the 2nd quarter. Trust Co. of Vermont now owns 94 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 50 shares during the period. Signaturefd LLC increased its holdings in shares of Kinsale Capital Group by 68.9% during the 3rd quarter. Signaturefd LLC now owns 103 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 42 shares during the period. Finally, Massmutual Trust Co. FSB ADV lifted its stake in shares of Kinsale Capital Group by 225.7% in the third quarter. Massmutual Trust Co. FSB ADV now owns 114 shares of the financial services provider’s stock valued at $53,000 after buying an additional 79 shares during the period. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Stock Performance

Shares of NYSE:KNSL opened at $498.69 on Monday. The business has a fifty day moving average of $460.24 and a 200-day moving average of $432.75. The firm has a market cap of $11.61 billion, a PE ratio of 28.43, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.09 and a current ratio of 0.09. Kinsale Capital Group, Inc. has a twelve month low of $325.01 and a twelve month high of $548.47.

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

Kinsale Capital Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.12%. Kinsale Capital Group’s payout ratio is 3.42%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on KNSL shares. Jefferies Financial Group boosted their price target on Kinsale Capital Group from $444.00 to $471.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Truist Financial reduced their target price on Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating for the company in a research report on Monday, October 28th. BMO Capital Markets increased their price objective on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a research note on Thursday. Wolfe Research upgraded shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 target price on the stock in a research report on Monday, October 28th. Finally, Royal Bank of Canada lowered their target price 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. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $456.88.

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.