Quantbot Technologies LP Makes New $5.72 Million Investment in Kinsale Capital Group, Inc. $KNSL

Quantbot Technologies LP acquired a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 17,346 shares of the financial services provider’s stock, valued at approximately $5,721,000. Quantbot Technologies LP owned approximately 0.08% of Kinsale Capital Group at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Bayban purchased a new position in Kinsale Capital Group in the fourth quarter valued at approximately $25,000. International Assets Investment Management LLC purchased a new stake in Kinsale Capital Group during the fourth quarter worth approximately $29,000. Johnson Financial Group Inc. grew its stake in Kinsale Capital Group by 257.1% during the third quarter. Johnson Financial Group Inc. now owns 75 shares of the financial services provider’s stock worth $32,000 after buying an additional 54 shares during the period. Larson Financial Group LLC increased its position in shares of Kinsale Capital Group by 225.0% in the third quarter. Larson Financial Group LLC now owns 78 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 54 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Kinsale Capital Group in the second quarter worth $38,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Insider Transactions at Kinsale Capital Group

In other Kinsale Capital Group news, CAO Christopher R. Tangard bought 330 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were acquired at an average cost 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Salmaan K. Allibhai sold 250 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $311.17, for a total value of $77,792.50. Following the completion of the transaction, the insider owned 3,645 shares in the company, valued at approximately $1,134,214.65. This trade represents a 6.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.60% of the stock is currently owned by insiders.

Kinsale Capital Group Price Performance

Shares of KNSL stock opened at $383.66 on Friday. The company has a market capitalization of $8.74 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 1.21 and a beta of 0.89. The firm has a fifty day simple moving average of $346.72 and a 200-day simple moving average of $345.56. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.11. Kinsale Capital Group, Inc. has a twelve month low of $287.20 and a twelve month high of $485.00.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $5.54 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $548.52 million for 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 quarterly revenue was up 16.8% on a year-over-year basis. Equities research analysts anticipate that Kinsale Capital Group, Inc. will post 21.1 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Friday, August 28th will be paid a dividend of $0.25 per share. The ex-dividend date 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 (DPR) is currently 4.05%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on KNSL. TD Cowen restated a “hold” rating on shares of Kinsale Capital Group in a report on Tuesday, June 16th. Weiss Ratings upgraded Kinsale Capital Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. JPMorgan Chase & Co. raised their price objective on Kinsale Capital Group from $380.00 to $390.00 and gave the company a “neutral” rating in a research report on Monday, July 20th. Royal Bank Of Canada decreased their target price on Kinsale Capital Group from $385.00 to $375.00 and set a “sector perform” rating for the company in a research report on Monday, April 27th. Finally, Morgan Stanley increased their target price on Kinsale Capital Group from $345.00 to $390.00 and gave the company an “equal weight” rating in a research note on Wednesday. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $368.78.

Kinsale Capital Group 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.