International Assets Investment Management LLC Grows Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

International Assets Investment Management LLC lifted its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 76,986.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,023 shares of the financial services provider's stock after purchasing an additional 46,962 shares during the period. International Assets Investment Management LLC owned about 0.20% of Kinsale Capital Group worth $21,892,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of KNSL. Thrivent Financial for Lutherans grew its stake in 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 worth $281,065,000 after acquiring an additional 6,331 shares during the period. Vaughan Nelson Investment Management L.P. grew its stake in 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 acquiring an additional 52,218 shares during the period. DAVENPORT & Co LLC grew its stake in Kinsale Capital Group by 0.4% in 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 during the period. Champlain Investment Partners LLC grew its stake in Kinsale Capital Group by 58.9% in the 1st quarter. Champlain Investment Partners LLC now owns 243,474 shares of the financial services provider's stock worth $127,761,000 after acquiring an additional 90,209 shares during the period. Finally, Copeland Capital Management LLC grew its stake in Kinsale Capital Group by 0.3% in the 3rd quarter. Copeland Capital Management LLC now owns 231,303 shares of the financial services provider's stock worth $107,687,000 after acquiring an additional 685 shares during the period. 85.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Royal Bank of Canada lowered their target price on shares of Kinsale Capital Group from $480.00 to $475.00 and set a "sector perform" rating for the company in a research note on Monday. Oppenheimer assumed coverage on shares of Kinsale Capital Group in a report on Friday, July 12th. They issued a "market perform" rating on the stock. Truist Financial decreased 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 report on Monday. Jefferies Financial Group lifted their price target on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. decreased their price target 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. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $455.88.

Kinsale Capital Group Stock Down 1.1 %

Shares of NYSE:KNSL traded down $4.75 during midday trading on Wednesday, hitting $429.11. 154,110 shares of the company's stock traded hands, compared to its average volume of 177,307. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.13 and a current ratio of 0.13. The company has a market cap of $9.99 billion, a PE ratio of 28.83, a P/E/G ratio of 2.03 and a beta of 1.08. The firm's fifty day moving average price is $466.12 and its two-hundred day moving average price is $427.41. Kinsale Capital Group, Inc. has a twelve month low of $325.01 and a twelve month high of $548.47.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share for the quarter, beating the consensus estimate of $3.60 by $0.60. The business had revenue of $418.06 million for the quarter, compared to analyst estimates of $359.43 million. Kinsale Capital Group had a net margin of 26.08% and a return on equity of 30.33%. The business's quarterly revenue was up 33.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.31 EPS. On average, equities research analysts anticipate that Kinsale Capital Group, Inc. will post 15.05 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, August 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.14%. Kinsale Capital Group's payout ratio is 3.99%.

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.