Catalyst Capital Advisors LLC Purchases 2,420 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Catalyst Capital Advisors LLC raised its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 111.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,595 shares of the financial services provider's stock after buying an additional 2,420 shares during the quarter. Catalyst Capital Advisors LLC's holdings in Kinsale Capital Group were worth $2,139,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in shares of Kinsale Capital Group in the first quarter worth $25,000. ORG Wealth Partners LLC bought a new stake in shares of Kinsale Capital Group during the third quarter worth $26,000. UMB Bank n.a. grew its stake in shares of Kinsale Capital Group by 408.3% during the third quarter. UMB Bank n.a. now owns 61 shares of the financial services provider's stock worth $28,000 after purchasing an additional 49 shares during the period. Trust Co. of Vermont grew its stake in Kinsale Capital Group by 113.6% in the second quarter. Trust Co. of Vermont now owns 94 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 50 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of Kinsale Capital Group by 68.9% in the third quarter. Signaturefd LLC now owns 103 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 85.36% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Oppenheimer started coverage on Kinsale Capital Group in a research note on Friday, July 12th. They issued a "market perform" rating for the company. Truist Financial cut their price target on Kinsale Capital Group from $530.00 to $500.00 and set a "buy" rating for the company in a research note on Monday, October 28th. JPMorgan Chase & Co. lowered their price objective on Kinsale Capital Group from $426.00 to $420.00 and set a "neutral" rating on the stock in a research note on Thursday, October 10th. Wolfe Research raised 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 note on Monday, October 28th. Finally, Jefferies Financial Group increased their price objective on Kinsale Capital Group from $444.00 to $471.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $455.88.

Kinsale Capital Group Trading Up 1.1 %

Shares of KNSL stock traded up $4.83 on Tuesday, hitting $428.88. The stock had a trading volume of 66,708 shares, compared to its average volume of 175,875. The firm has a market capitalization of $9.99 billion, a P/E ratio of 24.45, a P/E/G ratio of 1.83 and a beta of 1.09. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.09 and a quick ratio of 0.09. The company's 50 day moving average price is $460.44 and its 200-day moving average price is $426.58. Kinsale Capital Group, Inc. has a 1 year low of $325.01 and a 1 year high of $548.47.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.60 by $0.60. The firm had revenue of $418.06 million for the quarter, compared to analyst estimates of $359.43 million. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. The firm's quarterly revenue was up 33.0% on a year-over-year basis. During the same period last year, the company earned $3.31 EPS. Analysts anticipate that Kinsale Capital Group, Inc. will post 15.48 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.14%. Kinsale Capital Group's payout ratio is 3.42%.

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.