Advantage Alpha Capital Partners LP Boosts Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Advantage Alpha Capital Partners LP lifted its stake in Kinsale Capital Group, Inc. (NYSE:KNSLFree Report) by 44.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,181 shares of the financial services provider’s stock after buying an additional 4,680 shares during the quarter. Kinsale Capital Group makes up 1.3% of Advantage Alpha Capital Partners LP’s holdings, making the stock its 26th largest position. Advantage Alpha Capital Partners LP’s holdings in Kinsale Capital Group were worth $6,287,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Navellier & Associates Inc. acquired a new stake in Kinsale Capital Group in the third quarter valued at approximately $975,000. Scout Investments Inc. grew its stake in Kinsale Capital Group by 38.0% in the 3rd quarter. Scout Investments Inc. now owns 94,729 shares of the financial services provider’s stock valued at $38,780,000 after acquiring an additional 26,084 shares during the period. Sei Investments Co. increased its holdings in Kinsale Capital Group by 20.6% in the 2nd quarter. Sei Investments Co. now owns 97,757 shares of the financial services provider’s stock worth $36,581,000 after acquiring an additional 16,669 shares in the last quarter. HighTower Advisors LLC raised its position in Kinsale Capital Group by 8.2% during the third quarter. HighTower Advisors LLC now owns 2,558 shares of the financial services provider’s stock worth $1,048,000 after acquiring an additional 193 shares during the period. Finally, Congress Wealth Management LLC DE lifted its holdings in Kinsale Capital Group by 59.5% during the third quarter. Congress Wealth Management LLC DE now owns 4,846 shares of the financial services provider’s stock valued at $2,007,000 after purchasing an additional 1,808 shares in the last quarter. 83.68% of the stock is currently owned by hedge funds and other institutional investors.

Kinsale Capital Group Trading Up 0.2 %

Shares of NYSE KNSL traded up $1.10 during trading on Friday, hitting $517.28. 161,230 shares of the company were exchanged, compared to its average volume of 178,588. The company has a fifty day moving average price of $410.71 and a 200-day moving average price of $392.83. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.14 and a current ratio of 0.12. The firm has a market capitalization of $12.00 billion, a PE ratio of 39.16 and a beta of 0.89. Kinsale Capital Group, Inc. has a 12-month low of $277.90 and a 12-month high of $528.04.

Kinsale Capital Group (NYSE:KNSLGet Free Report) last issued its earnings results on Friday, February 16th. The financial services provider reported $3.87 EPS for the quarter, topping analysts’ consensus estimates of $3.44 by $0.43. Kinsale Capital Group had a net margin of 25.29% and a return on equity of 31.52%. The company had revenue of $351.17 million for the quarter, compared to the consensus estimate of $367.98 million. During the same period in the previous year, the firm earned $2.60 earnings per share. Kinsale Capital Group’s quarterly revenue was up 41.5% compared to the same quarter last year. As a group, equities research analysts expect that Kinsale Capital Group, Inc. will post 15.21 EPS for the current year.

Kinsale Capital Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 13th. Investors of record on Tuesday, February 27th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, February 26th. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 0.12%. Kinsale Capital Group’s dividend payout ratio is currently 4.54%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Truist Financial upped their price target on shares of Kinsale Capital Group from $450.00 to $600.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. BMO Capital Markets lowered Kinsale Capital Group from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $434.00 to $544.00 in a research note on Wednesday. JPMorgan Chase & Co. increased their price objective on Kinsale Capital Group from $375.00 to $420.00 and gave the company a “neutral” rating in a research note on Monday, February 26th. Finally, Royal Bank of Canada upped their target price on shares of Kinsale Capital Group from $410.00 to $555.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $510.00.

Get Our Latest Stock Report on KNSL

About Kinsale Capital Group

(Free Report)

Kinsale Capital Group, Inc, a specialty insurance company, provides property and casualty insurance products in the United States. The company's commercial lines offerings include construction, small business, excess and general casualty, commercial property, allied health, life sciences, energy, environmental, health care, inland marine, public entity, and commercial insurance, as well as product, professional, and management liability insurance.

Further Reading

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Institutional Ownership by Quarter for Kinsale Capital Group (NYSE:KNSL)

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