Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 75.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 133,975 shares of the financial services provider's stock after purchasing an additional 57,460 shares during the period. Allspring Global Investments Holdings LLC owned 0.58% of Kinsale Capital Group worth $62,375,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Kinsale Capital Group by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 2,090,492 shares of the financial services provider's stock valued at $700,127,000 after acquiring an additional 30,729 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of Kinsale Capital Group by 0.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 729,508 shares of the financial services provider's stock valued at $281,065,000 after buying an additional 6,331 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its position in shares of Kinsale Capital Group by 14.0% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 426,418 shares of the financial services provider's stock worth $164,291,000 after buying an additional 52,218 shares during the last quarter. DAVENPORT & Co LLC raised its stake in shares of Kinsale Capital Group by 0.4% during the 1st quarter. DAVENPORT & Co LLC now owns 327,664 shares of the financial services provider's stock worth $173,095,000 after acquiring an additional 1,286 shares in the last quarter. Finally, Champlain Investment Partners LLC boosted its stake in Kinsale Capital Group by 58.9% in the first quarter. Champlain Investment Partners LLC now owns 243,474 shares of the financial services provider's stock valued at $127,761,000 after acquiring an additional 90,209 shares in the last quarter. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Kinsale Capital Group Stock Performance

Shares of KNSL stock traded down $10.11 during trading hours on Tuesday, hitting $458.81. The company's stock had a trading volume of 104,400 shares, compared to its average volume of 174,211. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.15. The company has a 50 day moving average of $470.04 and a 200 day moving average of $427.59. Kinsale Capital Group, Inc. has a 12-month low of $325.01 and a 12-month high of $548.47. The stock has a market cap of $10.68 billion, a PE ratio of 31.16, a price-to-earnings-growth ratio of 2.05 and a beta of 1.08.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $3.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.52 by $0.23. The company had revenue of $384.55 million during the quarter, compared to the consensus estimate of $410.20 million. Kinsale Capital Group had a return on equity of 30.33% and a net margin of 26.08%. Kinsale Capital Group's revenue for the quarter was up 30.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.88 earnings per share. On average, sell-side analysts forecast that Kinsale Capital Group, Inc. will post 15.31 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.13%. The ex-dividend date was Thursday, August 29th. Kinsale Capital Group's payout ratio is 3.99%.

Wall Street Analysts Forecast Growth

KNSL has been the subject of a number of recent analyst reports. Oppenheimer started coverage on Kinsale Capital Group in a research report on Friday, July 12th. They issued a "market perform" rating for the company. Royal Bank of Canada raised their price target on Kinsale Capital Group from $425.00 to $455.00 and gave the stock a "sector perform" rating in a report on Monday, July 29th. JPMorgan Chase & Co. cut their price objective on shares of Kinsale Capital Group from $426.00 to $420.00 and set a "neutral" rating on the stock in a report on Thursday, October 10th. Jefferies Financial Group boosted their target price on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Finally, Wolfe Research cut shares of Kinsale Capital Group from an "outperform" rating to a "peer perform" rating in a report on Monday, September 16th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $446.00.

About Kinsale Capital Group

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.