Moody Aldrich Partners LLC Acquires 243 Shares of Kinsale Capital Group, Inc. $KNSL

Moody Aldrich Partners LLC grew its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 43.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 798 shares of the financial services provider’s stock after acquiring an additional 243 shares during the period. Moody Aldrich Partners LLC’s holdings in Kinsale Capital Group were worth $386,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in KNSL. JPMorgan Chase & Co. raised its stake in shares of Kinsale Capital Group by 39.8% during the 1st quarter. JPMorgan Chase & Co. now owns 460,651 shares of the financial services provider’s stock valued at $224,204,000 after purchasing an additional 131,056 shares during the period. Geneva Capital Management LLC grew its holdings in Kinsale Capital Group by 0.6% during the 1st quarter. Geneva Capital Management LLC now owns 405,363 shares of the financial services provider’s stock valued at $197,294,000 after buying an additional 2,449 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new position in Kinsale Capital Group during the 1st quarter valued at about $125,003,000. Dimensional Fund Advisors LP increased its position in shares of Kinsale Capital Group by 13.2% during the first quarter. Dimensional Fund Advisors LP now owns 225,186 shares of the financial services provider’s stock valued at $109,589,000 after buying an additional 26,282 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Kinsale Capital Group by 3.0% in the first quarter. Northern Trust Corp now owns 223,116 shares of the financial services provider’s stock worth $108,593,000 after buying an additional 6,500 shares in the last quarter. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on KNSL shares. Morgan Stanley reduced their price objective on shares of Kinsale Capital Group from $525.00 to $500.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. BMO Capital Markets boosted their price target on shares of Kinsale Capital Group from $429.00 to $474.00 and gave the company a “market perform” rating in a research report on Tuesday, July 29th. JPMorgan Chase & Co. decreased their price target on shares of Kinsale Capital Group from $460.00 to $450.00 and set a “neutral” rating on the stock in a report on Monday, October 27th. Compass Point lifted their price objective on Kinsale Capital Group from $432.00 to $490.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Kinsale Capital Group in a research report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $502.13.

Kinsale Capital Group Stock Performance

Kinsale Capital Group stock opened at $398.31 on Friday. The firm’s fifty day moving average price is $442.14 and its 200-day moving average price is $457.08. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a market cap of $9.28 billion, a P/E ratio of 19.56, a price-to-earnings-growth ratio of 1.46 and a beta of 1.09. Kinsale Capital Group, Inc. has a fifty-two week low of $395.00 and a fifty-two week high of $531.79.

Kinsale Capital Group (NYSE:KNSL) last announced its earnings results on Thursday, October 23rd. The financial services provider reported $5.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.79 by $0.42. The company had revenue of $405.06 million during the quarter, compared to analyst estimates of $446.00 million. Kinsale Capital Group had a net margin of 26.30% and a return on equity of 25.66%. The firm’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the business earned $4.20 earnings per share. On average, equities research analysts expect 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 disclosed a quarterly dividend, which was paid on Thursday, September 11th. Stockholders of record on Friday, August 29th were given a dividend of $0.17 per share. The ex-dividend date was Friday, August 29th. This represents a $0.68 annualized dividend and a dividend yield of 0.2%. Kinsale Capital Group’s dividend payout ratio is 3.34%.

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.