2,440 Shares in Kinsale Capital Group, Inc. (NYSE:KNSL) Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP bought a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 2,440 shares of the financial services provider's stock, valued at approximately $1,136,000.

Several other hedge funds also recently added to or reduced their stakes in KNSL. Benjamin Edwards Inc. lifted its stake in shares of Kinsale Capital Group by 9.9% during the second quarter. Benjamin Edwards Inc. now owns 267 shares of the financial services provider's stock worth $103,000 after buying an additional 24 shares during the period. Leibman Financial Services Inc. raised its holdings in shares of Kinsale Capital Group by 0.5% during the third quarter. Leibman Financial Services Inc. now owns 4,562 shares of the financial services provider's stock worth $2,124,000 after purchasing an additional 24 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in Kinsale Capital Group by 9.2% during the second quarter. Parkside Financial Bank & Trust now owns 331 shares of the financial services provider's stock valued at $128,000 after purchasing an additional 28 shares during the period. CWM LLC boosted its holdings in Kinsale Capital Group by 8.8% in the third quarter. CWM LLC now owns 406 shares of the financial services provider's stock valued at $189,000 after purchasing an additional 33 shares during the last quarter. Finally, Hancock Whitney Corp grew its position in Kinsale Capital Group by 3.1% during the 1st quarter. Hancock Whitney Corp now owns 1,245 shares of the financial services provider's stock worth $653,000 after purchasing an additional 38 shares during the period. 85.36% of the stock is owned by institutional investors and hedge funds.

Kinsale Capital Group Stock Down 1.8 %

NYSE KNSL traded down $8.61 on Friday, hitting $465.17. 88,745 shares of the stock were exchanged, compared to its average volume of 173,966. Kinsale Capital Group, Inc. has a fifty-two week low of $325.01 and a fifty-two week high of $548.47. The company has a 50-day moving average price of $458.27 and a 200-day moving average price of $427.89. The company has a market cap of $10.83 billion, a PE ratio of 27.12, a PEG ratio of 2.05 and a beta of 1.09. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share for the quarter, beating analysts' consensus estimates of $3.60 by $0.60. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. The company had revenue of $418.06 million for the quarter, compared to analysts' expectations of $359.43 million. During the same period last year, the firm earned $3.31 earnings per share. Kinsale Capital Group's quarterly revenue was up 33.0% on a year-over-year basis. Sell-side analysts anticipate that Kinsale Capital Group, Inc. will post 15.52 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date is Friday, November 29th. Kinsale Capital Group's dividend payout ratio is currently 3.42%.

Analyst Upgrades and Downgrades

KNSL has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their price target on Kinsale Capital Group from $426.00 to $420.00 and set a "neutral" rating for the company in a report on Thursday, October 10th. Truist Financial decreased their price objective on Kinsale Capital Group from $530.00 to $500.00 and set a "buy" rating on the stock in a report on Monday, October 28th. Wolfe Research raised shares of Kinsale Capital Group from a "peer perform" rating to an "outperform" rating and set a $535.00 target price on the stock in a research report on Monday, October 28th. Jefferies Financial Group increased their target price on Kinsale Capital Group from $444.00 to $471.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada dropped their target price on Kinsale Capital Group from $480.00 to $475.00 and set a "sector perform" rating for the company in a research report on Monday, October 28th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Kinsale Capital Group presently has a consensus rating of "Hold" and an average price target of $455.88.

Kinsale Capital Group Company Profile

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