17,038 Shares in Kinsale Capital Group, Inc. (NYSE:KNSL) Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC bought a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 17,038 shares of the financial services provider's stock, valued at approximately $7,932,000. Los Angeles Capital Management LLC owned about 0.07% of Kinsale Capital Group as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Benjamin Edwards Inc. grew its position in shares of Kinsale Capital Group by 9.9% in the second quarter. Benjamin Edwards Inc. now owns 267 shares of the financial services provider's stock valued at $103,000 after purchasing an additional 24 shares during the last quarter. Leibman Financial Services Inc. lifted its position in shares of Kinsale Capital Group by 0.5% during the 3rd quarter. Leibman Financial Services Inc. now owns 4,562 shares of the financial services provider's stock worth $2,124,000 after buying an additional 24 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in Kinsale Capital Group by 9.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 331 shares of the financial services provider's stock valued at $128,000 after buying an additional 28 shares in the last quarter. CWM LLC grew its position in shares of Kinsale Capital Group by 8.8% during the 3rd quarter. CWM LLC now owns 406 shares of the financial services provider's stock valued at $189,000 after purchasing an additional 33 shares in the last quarter. Finally, Hancock Whitney Corp grew its position in Kinsale Capital Group by 3.1% in the first quarter. Hancock Whitney Corp now owns 1,245 shares of the financial services provider's stock worth $653,000 after acquiring an additional 38 shares in the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Kinsale Capital Group Stock Performance

Shares of KNSL stock traded down $4.40 during trading hours on Tuesday, hitting $471.80. The company's stock had a trading volume of 58,771 shares, compared to its average volume of 174,739. The stock has a market cap of $10.99 billion, a PE ratio of 27.21, a price-to-earnings-growth ratio of 1.97 and a beta of 1.09. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average of $458.10 and a 200 day moving average of $426.54. Kinsale Capital Group, Inc. has a 12-month low of $325.01 and a 12-month high of $548.47.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.20 EPS for the quarter, topping analysts' consensus estimates of $3.60 by $0.60. The company had revenue of $418.06 million during the quarter, compared to the consensus estimate of $359.43 million. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. Kinsale Capital Group's quarterly revenue was up 33.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.31 EPS. On average, sell-side analysts forecast that Kinsale Capital Group, Inc. will post 15.52 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, August 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.13%. Kinsale Capital Group's payout ratio is currently 3.42%.

Analyst Ratings Changes

Several research firms have commented on KNSL. JPMorgan Chase & Co. dropped their price objective on shares of Kinsale Capital Group from $426.00 to $420.00 and set a "neutral" rating for the company in a research note on Thursday, October 10th. Truist Financial dropped their price target on shares of Kinsale Capital Group from $530.00 to $500.00 and set a "buy" rating on the stock in a research note on Monday, October 28th. Jefferies Financial Group lifted their price target on Kinsale Capital Group from $444.00 to $471.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. Royal Bank of Canada lowered their price objective 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. Finally, Wolfe Research upgraded Kinsale Capital Group from a "peer perform" rating to an "outperform" rating and set a $535.00 price objective for the company in a research note on Monday, October 28th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $455.88.

Kinsale Capital Group 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.