1,400 Shares in Kinsale Capital Group, Inc. $KNSL Purchased by Grandeur Peak Global Advisors LLC

Grandeur Peak Global Advisors LLC acquired a new stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,400 shares of the financial services provider’s stock, valued at approximately $462,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bamco Inc. NY bought a new position in shares of Kinsale Capital Group in the second quarter worth approximately $878,600,000. BlackRock Inc. bought a new stake in shares of Kinsale Capital Group during the second quarter valued at approximately $671,457,000. Life Cycle Investment Partners Ltd bought a new stake in shares of Kinsale Capital Group during the fourth quarter valued at approximately $229,653,000. Capital World Investors increased its position in shares of Kinsale Capital Group by 117.4% during the fourth quarter. Capital World Investors now owns 987,844 shares of the financial services provider’s stock valued at $386,366,000 after acquiring an additional 533,499 shares in the last quarter. Finally, Norges Bank purchased a new position in Kinsale Capital Group in the 4th quarter worth approximately $107,916,000. 85.36% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Christopher R. Tangard acquired 330 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was bought at an average price of $304.00 per share, with a total value of $100,320.00. Following the completion of the acquisition, the chief accounting officer directly owned 380 shares of the company’s stock, valued at approximately $115,520. The trade was a 660.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.60% of the stock is currently owned by company insiders.

Kinsale Capital Group Stock Down 1.4%

Shares of Kinsale Capital Group stock opened at $381.66 on Friday. The company has a market cap of $8.69 billion, a price-to-earnings ratio of 15.46, a price-to-earnings-growth ratio of 1.22 and a beta of 0.89. The company’s 50 day moving average is $352.95 and its 200 day moving average is $344.72. Kinsale Capital Group, Inc. has a twelve month low of $287.20 and a twelve month high of $485.00. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.11.

Kinsale Capital Group (NYSE:KNSL) last posted its earnings results on Thursday, July 23rd. The financial services provider reported $5.54 EPS for the quarter, topping analysts’ consensus estimates of $5.11 by $0.43. Kinsale Capital Group had a net margin of 28.49% and a return on equity of 25.54%. The business had revenue of $548.52 million during the quarter, compared to the consensus estimate of $445.13 million. During the same quarter in the previous year, the firm posted $4.78 EPS. The firm’s revenue was up 16.8% on a year-over-year basis. Research analysts anticipate that Kinsale Capital Group, Inc. will post 21.1 EPS for the current year.

Kinsale Capital Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Friday, August 28th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, August 28th. Kinsale Capital Group’s dividend payout ratio (DPR) is 4.05%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Morgan Stanley upped their price objective on Kinsale Capital Group from $345.00 to $390.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 19th. Wells Fargo & Company boosted their price target on Kinsale Capital Group from $366.00 to $377.00 and gave the stock an “equal weight” rating in a research note on Monday, July 27th. Wall Street Zen upgraded Kinsale Capital Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. JPMorgan Chase & Co. upped their price target on Kinsale Capital Group from $380.00 to $390.00 and gave the company a “neutral” rating in a report on Monday, July 20th. Finally, TD Cowen reaffirmed a “hold” rating on shares of Kinsale Capital Group in a research report on Tuesday, June 16th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $368.78.

Kinsale Capital Group Company Profile

Kinsale Capital Group, Inc (NYSE:KNSL) is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company’s product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.