Teacher Retirement System of Texas Acquires 204 Shares of Kinsale Capital Group, Inc. $KNSL

Teacher Retirement System of Texas increased its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 3.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,277 shares of the financial services provider’s stock after purchasing an additional 204 shares during the quarter. Teacher Retirement System of Texas’ holdings in Kinsale Capital Group were worth $3,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of KNSL. Bessemer Group Inc. increased its holdings in Kinsale Capital Group by 4.6% in the 2nd quarter. Bessemer Group Inc. now owns 51,646 shares of the financial services provider’s stock worth $24,992,000 after buying an additional 2,264 shares in the last quarter. Signature Wealth Management Group bought a new position in Kinsale Capital Group during the 2nd quarter valued at about $1,558,000. Kornitzer Capital Management Inc. KS boosted its holdings in shares of Kinsale Capital Group by 37.2% during the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 37,990 shares of the financial services provider’s stock valued at $18,383,000 after acquiring an additional 10,300 shares during the last quarter. Carnegie Investment Counsel grew its stake in shares of Kinsale Capital Group by 2.4% in the second quarter. Carnegie Investment Counsel now owns 61,888 shares of the financial services provider’s stock worth $29,947,000 after acquiring an additional 1,461 shares during the period. Finally, KPP Advisory Services LLC grew its stake in shares of Kinsale Capital Group by 44.1% in the second quarter. KPP Advisory Services LLC now owns 748 shares of the financial services provider’s stock worth $362,000 after acquiring an additional 229 shares during the period. 85.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on KNSL shares. BMO Capital Markets raised their target price on shares of Kinsale Capital Group from $429.00 to $474.00 and gave the stock a “market perform” rating in a report on Tuesday, July 29th. JPMorgan Chase & Co. decreased their target price on shares of 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. Morgan Stanley dropped their price target on Kinsale Capital Group from $525.00 to $500.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 7th. Compass Point lifted their price objective on Kinsale Capital Group from $432.00 to $490.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Finally, Truist Financial upped their price objective on Kinsale Capital Group from $500.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, July 28th. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $502.13.

Kinsale Capital Group Trading Up 0.0%

Shares of Kinsale Capital Group stock opened at $398.31 on Friday. Kinsale Capital Group, Inc. has a 1-year low of $395.00 and a 1-year high of $531.79. The company’s fifty day simple moving average is $442.14 and its 200-day simple moving average is $456.90. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.09 and a quick ratio of 0.09. The stock has a market capitalization of $9.28 billion, a PE ratio of 19.56, a P/E/G ratio of 1.46 and a beta of 1.09.

Kinsale Capital Group (NYSE:KNSL) last announced its earnings results on Thursday, October 23rd. The financial services provider reported $5.21 EPS for the quarter, topping analysts’ consensus estimates of $4.79 by $0.42. The company had revenue of $405.06 million for the quarter, compared to analysts’ expectations of $446.00 million. Kinsale Capital Group had a return on equity of 25.66% and a net margin of 26.30%.Kinsale Capital Group’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period last year, the firm earned $4.20 EPS. As a group, equities analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

The business 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. 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 payout ratio is presently 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.