Royal London Asset Management Ltd. Has $14.41 Million Stock Holdings in Kinsale Capital Group, Inc. $KNSL

Royal London Asset Management Ltd. trimmed its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 47.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 43,680 shares of the financial services provider’s stock after selling 38,762 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Kinsale Capital Group were worth $14,406,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its position in Kinsale Capital Group by 76.2% in the 1st quarter. AQR Capital Management LLC now owns 835 shares of the financial services provider’s stock valued at $397,000 after acquiring an additional 361 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Kinsale Capital Group by 72.9% during the second quarter. EverSource Wealth Advisors LLC now owns 102 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 43 shares during the period. Brown Advisory Inc. boosted its holdings in Kinsale Capital Group by 7.9% in the second quarter. Brown Advisory Inc. now owns 1,117 shares of the financial services provider’s stock valued at $541,000 after acquiring an additional 82 shares during the last quarter. Jump Financial LLC boosted its holdings in Kinsale Capital Group by 136.9% in the second quarter. Jump Financial LLC now owns 1,097 shares of the financial services provider’s stock valued at $531,000 after acquiring an additional 634 shares during the last quarter. Finally, Cerity Partners LLC increased its position in Kinsale Capital Group by 45.3% in the second quarter. Cerity Partners LLC now owns 5,021 shares of the financial services provider’s stock worth $2,430,000 after purchasing an additional 1,566 shares during the period. Institutional investors own 85.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Weiss Ratings upgraded shares of Kinsale Capital Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 19th. Morgan Stanley raised their price target on Kinsale Capital Group from $345.00 to $390.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 19th. JPMorgan Chase & Co. increased their target price on Kinsale Capital Group from $380.00 to $390.00 and gave the company a “neutral” rating in a research note on Monday, July 20th. Wells Fargo & Company raised their target price on Kinsale Capital Group from $366.00 to $377.00 and gave the stock an “equal weight” rating in a report on Monday, July 27th. Finally, TD Cowen restated a “hold” rating on shares of Kinsale Capital Group in a research report on Tuesday, June 16th. 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $368.78.

Insiders Place Their Bets

In other news, CAO Christopher R. Tangard purchased 330 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was acquired at an average cost of $304.00 per share, with a total value of $100,320.00. Following the acquisition, the chief accounting officer owned 380 shares in the company, valued at approximately $115,520. This trade represents a 660.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.60% of the company’s stock.

Kinsale Capital Group Stock Performance

Shares of NYSE KNSL opened at $381.25 on Monday. The stock has a market capitalization of $8.68 billion, a PE ratio of 15.45, a price-to-earnings-growth ratio of 1.20 and a beta of 0.89. Kinsale Capital Group, Inc. has a 52 week low of $287.20 and a 52 week high of $485.00. The stock has a 50 day moving average price of $354.41 and a 200 day moving average price of $344.66. 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 (NYSE:KNSL) last released its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $5.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.11 by $0.43. The firm had revenue of $548.52 million for the quarter, compared to analyst estimates of $445.13 million. Kinsale Capital Group had a return on equity of 25.54% and a net margin of 28.49%.The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.78 earnings per share. Analysts predict that Kinsale Capital Group, Inc. will post 21.1 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

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 paid a dividend of $0.25 per share. The ex-dividend date is Friday, August 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.3%. Kinsale Capital Group’s dividend payout ratio (DPR) is 4.05%.

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.