Dover Advisors LLC Has $669,000 Position in Kinsale Capital Group, Inc. $KNSL

Dover Advisors LLC lessened its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 46.1% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,383 shares of the financial services provider’s stock after selling 1,184 shares during the quarter. Dover Advisors LLC’s holdings in Kinsale Capital Group were worth $669,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Key Financial Inc raised its stake in Kinsale Capital Group by 315.4% in the 1st quarter. Key Financial Inc now owns 54 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 41 shares in the last quarter. N.E.W. Advisory Services LLC bought a new position in Kinsale Capital Group in the 1st quarter valued at about $31,000. NBC Securities Inc. bought a new position in Kinsale Capital Group in the 1st quarter valued at about $35,000. von Borstel & Associates Inc. bought a new position in Kinsale Capital Group in the 1st quarter valued at about $42,000. Finally, Ancora Advisors LLC bought a new position in Kinsale Capital Group in the 1st quarter valued at about $49,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

Kinsale Capital Group Stock Down 1.0%

Kinsale Capital Group stock opened at $431.89 on Monday. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.11. Kinsale Capital Group, Inc. has a 12-month low of $405.00 and a 12-month high of $531.79. The firm’s fifty day moving average is $458.95 and its 200 day moving average is $462.63. The company has a market capitalization of $10.06 billion, a PE ratio of 22.53, a PEG ratio of 1.59 and a beta of 1.13.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings results on Thursday, July 24th. The financial services provider reported $4.78 EPS for the quarter, beating analysts’ consensus estimates of $4.41 by $0.37. The business 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 quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.75 EPS. As a group, sell-side analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 11th. Shareholders of record on Friday, August 29th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, August 29th. Kinsale Capital Group’s payout ratio is 3.55%.

Analysts Set New Price Targets

Several research firms have commented on KNSL. Bank of America initiated coverage on shares of Kinsale Capital Group in a report on Friday, June 20th. They issued a “buy” rating and a $543.00 target price on the stock. Cantor Fitzgerald raised shares of Kinsale Capital Group to a “hold” rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. boosted their target price 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. Truist Financial boosted their target price 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. Finally, Compass Point boosted their target price 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. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $505.80.

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.