SG Americas Securities LLC Increases Stock Holdings in Kinsale Capital Group, Inc. $KNSL

SG Americas Securities LLC increased its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 165.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,430 shares of the financial services provider’s stock after acquiring an additional 1,513 shares during the quarter. SG Americas Securities LLC’s holdings in Kinsale Capital Group were worth $1,176,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in Kinsale Capital Group in the 1st quarter worth approximately $125,003,000. First Manhattan CO. LLC. grew its position in shares of Kinsale Capital Group by 401.4% during the 1st quarter. First Manhattan CO. LLC. now owns 201,272 shares of the financial services provider’s stock valued at $97,961,000 after purchasing an additional 161,132 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of 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 worth $224,204,000 after purchasing an additional 131,056 shares during the period. Giverny Capital Inc. increased its holdings in shares of Kinsale Capital Group by 87.3% in the first quarter. Giverny Capital Inc. now owns 169,967 shares of the financial services provider’s stock worth $82,725,000 after purchasing an additional 79,208 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of Kinsale Capital Group in the first quarter worth $38,487,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Trading Up 3.9%

KNSL stock opened at $384.73 on Friday. The company has a market capitalization of $8.95 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 1.46 and a beta of 1.09. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.09 and a current ratio of 0.09. Kinsale Capital Group, Inc. has a one year low of $363.14 and a one year high of $531.79. The company’s 50 day moving average price is $424.12 and its two-hundred day moving average price is $449.46.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results on Thursday, October 23rd. The financial services provider reported $5.21 EPS for the quarter, beating the consensus estimate of $4.79 by $0.42. The company had revenue of $497.51 million for 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 quarter last year, the firm earned $4.20 EPS. As a group, 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Friday, November 28th will be paid 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 is Friday, November 28th. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.34%.

Analysts Set New Price Targets

KNSL has been the subject of several recent analyst reports. JPMorgan Chase & Co. reduced their target price on Kinsale Capital Group from $460.00 to $450.00 and set a “neutral” rating for the company in a research report on Monday, October 27th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kinsale Capital Group in a research report on Wednesday. Compass Point upped their price objective on shares of Kinsale Capital Group from $432.00 to $490.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. Morgan Stanley lowered their target price on shares of Kinsale Capital Group from $490.00 to $480.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, TD Cowen cut their price target on shares of Kinsale Capital Group from $448.00 to $442.00 and set a “hold” rating for the company in a research note on Tuesday, November 4th. Three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $493.22.

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.