Westfield Capital Management Co. LP Grows Holdings in Kinsale Capital Group, Inc. $KNSL

Westfield Capital Management Co. LP increased its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 127.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 117,394 shares of the financial services provider’s stock after acquiring an additional 65,770 shares during the quarter. Westfield Capital Management Co. LP owned approximately 0.50% of Kinsale Capital Group worth $56,807,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in shares of Kinsale Capital Group by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 593,914 shares of the financial services provider’s stock valued at $288,657,000 after buying an additional 12,040 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Kinsale Capital Group by 39.8% in the first quarter. JPMorgan Chase & Co. now owns 460,651 shares of the financial services provider’s stock valued at $224,204,000 after acquiring an additional 131,056 shares in the last quarter. Geneva Capital Management LLC boosted its stake 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 acquiring an additional 2,449 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new position in Kinsale Capital Group during the 1st quarter valued at $125,003,000. Finally, Dimensional Fund Advisors LP grew its holdings in Kinsale Capital Group by 13.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 225,186 shares of the financial services provider’s stock worth $109,589,000 after acquiring an additional 26,282 shares in the last quarter. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Kinsale Capital Group Trading Down 2.4%

Shares of NYSE:KNSL opened at $370.26 on Friday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.11. The company’s 50-day moving average price is $425.07 and its 200 day moving average price is $449.95. The company has a market cap of $8.61 billion, a PE ratio of 18.19, a P/E/G ratio of 1.46 and a beta of 1.09. Kinsale Capital Group, Inc. has a fifty-two week low of $363.14 and a fifty-two week high of $531.79.

Kinsale Capital Group (NYSE:KNSL) last posted its earnings results on Thursday, October 23rd. The financial services provider reported $5.21 EPS for the quarter, topping the consensus estimate of $4.79 by $0.42. Kinsale Capital Group had a net margin of 26.30% and a return on equity of 25.66%. The firm had revenue of $497.51 million during the quarter, compared to analysts’ expectations of $446.00 million. During the same quarter in the prior year, the firm earned $4.20 EPS. Kinsale Capital Group’s quarterly revenue was up 19.0% on a year-over-year basis. Sell-side analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Friday, November 28th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, November 28th. Kinsale Capital Group’s dividend payout ratio is 3.34%.

Analysts Set New Price Targets

KNSL has been the topic of several research analyst reports. BMO Capital Markets increased their price target on shares of Kinsale Capital Group from $429.00 to $474.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 29th. JPMorgan Chase & Co. cut their price objective on Kinsale Capital Group from $460.00 to $450.00 and set a “neutral” rating on the stock in a research note on Monday, October 27th. Cantor Fitzgerald upgraded Kinsale Capital Group to a “hold” rating in a research report on Wednesday, August 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kinsale Capital Group in a report on Wednesday. Finally, TD Cowen dropped their price target on Kinsale Capital Group from $448.00 to $442.00 and set a “hold” rating on the stock in a research report on Tuesday, November 4th. Three equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $493.22.

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.