1,623 Shares in Kinsale Capital Group, Inc. $KNSL Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,623 shares of the financial services provider’s stock, valued at approximately $535,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Kinsale Capital Group in the second quarter worth about $671,457,000. Capital World Investors boosted its stake in shares of Kinsale Capital Group by 117.4% in the 4th quarter. Capital World Investors now owns 987,844 shares of the financial services provider’s stock valued at $386,366,000 after purchasing an additional 533,499 shares in the last quarter. First Manhattan CO. LLC. grew its stake in Kinsale Capital Group by 19.6% during the fourth quarter. First Manhattan CO. LLC. now owns 614,647 shares of the financial services provider’s stock worth $240,401,000 after buying an additional 100,600 shares during the last quarter. Life Cycle Investment Partners Ltd acquired a new stake in Kinsale Capital Group during the 4th quarter valued at $229,653,000. Finally, Turtle Creek Asset Management Inc. raised its holdings in shares of Kinsale Capital Group by 47.6% in the first quarter. Turtle Creek Asset Management Inc. now owns 411,246 shares of the financial services provider’s stock valued at $140,506,000 after buying an additional 132,576 shares during the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on KNSL. Morgan Stanley upped their price objective on Kinsale Capital Group from $345.00 to $390.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 19th. Wells Fargo & Company lifted their price objective on shares of 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 report on Saturday, June 20th. JPMorgan Chase & Co. increased their price objective on shares of Kinsale Capital Group from $380.00 to $390.00 and gave the stock a “neutral” rating in a research report on Monday, July 20th. Finally, Weiss Ratings upgraded Kinsale Capital Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 19th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $368.78.

Kinsale Capital Group Trading Down 0.1%

Shares of NYSE:KNSL opened at $381.25 on Friday. 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 52-week low of $287.20 and a 52-week high of $485.00. The company has a 50-day simple moving average of $354.41 and a 200 day simple moving average of $344.98. The company has a market capitalization of $8.68 billion, a P/E ratio of 15.45, a price-to-earnings-growth ratio of 1.20 and a beta of 0.89.

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

Kinsale Capital Group Dividend Announcement

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

Insider Buying and Selling

In other Kinsale Capital Group news, CAO Christopher R. Tangard bought 330 shares of Kinsale Capital Group stock in a transaction dated 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 transaction, the chief accounting officer owned 380 shares in the company, valued at $115,520. The trade was a 660.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.60% of the stock is currently owned by corporate insiders.

About Kinsale Capital Group

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.