Belpointe Asset Management LLC Has $1.28 Million Holdings in Kinsale Capital Group, Inc. $KNSL

Belpointe Asset Management LLC lifted its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 37.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,626 shares of the financial services provider’s stock after buying an additional 713 shares during the quarter. Belpointe Asset Management LLC’s holdings in Kinsale Capital Group were worth $1,278,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Key Financial Inc increased its position in shares of Kinsale Capital Group by 315.4% during the first quarter. Key Financial Inc now owns 54 shares of the financial services provider’s stock worth $26,000 after buying an additional 41 shares during the period. N.E.W. Advisory Services LLC acquired a new stake in Kinsale Capital Group in the first quarter worth $31,000. NBC Securities Inc. acquired a new stake in Kinsale Capital Group in the first quarter worth $35,000. von Borstel & Associates Inc. acquired a new stake in Kinsale Capital Group in the first quarter worth $42,000. Finally, Ancora Advisors LLC acquired a new stake in Kinsale Capital Group in the first quarter worth $49,000. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Kinsale Capital Group Stock Up 2.5%

Kinsale Capital Group stock opened at $436.40 on Friday. Kinsale Capital Group, Inc. has a 1-year low of $405.00 and a 1-year high of $531.79. The firm has a market capitalization of $10.17 billion, a price-to-earnings ratio of 22.76, a price-to-earnings-growth ratio of 1.56 and a beta of 1.13. The firm’s fifty day moving average price is $459.90 and its two-hundred day moving average price is $462.02. 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 released its quarterly earnings data on Thursday, July 24th. The financial services provider reported $4.78 earnings per share for the quarter, beating analysts’ consensus estimates of $4.41 by $0.37. Kinsale Capital Group had a net margin of 25.92% and a return on equity of 25.93%. The firm had revenue of $458.70 million for the quarter, compared to analyst estimates of $436.25 million. During the same period last year, the firm earned $3.75 earnings per share. The business’s quarterly revenue was up 22.2% compared to the same quarter last year. On average, equities research analysts predict that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 11th. Investors of record on Friday, August 29th were given 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 of this dividend was Friday, August 29th. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.55%.

Analysts Set New Price Targets

KNSL has been the subject of a number of research reports. Truist Financial raised their price target on shares of Kinsale Capital Group from $500.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, July 28th. Compass Point raised their price target on shares of Kinsale Capital Group from $432.00 to $490.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. JPMorgan Chase & Co. raised their price target 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. Cantor Fitzgerald upgraded shares of Kinsale Capital Group to a “hold” rating in a report on Wednesday, August 13th. Finally, Morgan Stanley raised their price target on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the stock an “overweight” rating in a report on Monday, May 19th. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Kinsale Capital Group presently has an average rating of “Hold” and a consensus target price of $505.80.

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.