Kinsale Capital Group, Inc. $KNSL Shares Bought by QRG Capital Management Inc.

QRG Capital Management Inc. lifted its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 2.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,190 shares of the financial services provider’s stock after buying an additional 30 shares during the quarter. QRG Capital Management Inc.’s holdings in Kinsale Capital Group were worth $576,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. NBC Securities Inc. bought a new stake in Kinsale Capital Group in the first quarter valued at $35,000. UMB Bank n.a. increased its stake in Kinsale Capital Group by 108.8% in the 1st quarter. UMB Bank n.a. now owns 213 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 111 shares in the last quarter. GAMMA Investing LLC increased its stake in Kinsale Capital Group by 21.9% in the 1st quarter. GAMMA Investing LLC now owns 635 shares of the financial services provider’s stock worth $309,000 after purchasing an additional 114 shares in the last quarter. SG Americas Securities LLC boosted its position in Kinsale Capital Group by 39.2% during the 1st quarter. SG Americas Securities LLC now owns 917 shares of the financial services provider’s stock worth $446,000 after acquiring an additional 258 shares during the period. Finally, Fifth Third Bancorp boosted its position in Kinsale Capital Group by 19.6% during the 1st quarter. Fifth Third Bancorp now owns 592 shares of the financial services provider’s stock worth $288,000 after acquiring an additional 97 shares during the period. Institutional investors and hedge funds own 85.36% of the company’s stock.

Kinsale Capital Group Stock Performance

NYSE:KNSL opened at $469.89 on Friday. The stock has a market cap of $10.95 billion, a P/E ratio of 24.51, a PEG ratio of 1.75 and a beta of 1.09. The stock has a 50 day simple moving average of $445.23 and a 200 day simple moving average of $460.86. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.11. Kinsale Capital Group, Inc. has a 1-year low of $405.00 and a 1-year high of $531.79.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings data on Thursday, July 24th. The financial services provider reported $4.78 earnings per share for the quarter, beating the consensus estimate of $4.41 by $0.37. Kinsale Capital Group had a return on equity of 25.93% and a net margin of 25.92%.The firm had revenue of $458.70 million during the quarter, compared to analysts’ expectations of $436.25 million. During the same period in the previous year, the firm earned $3.75 EPS. The company’s quarterly revenue was up 22.2% compared to the same quarter last year. Research analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 11th. Shareholders of record on Friday, August 29th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Friday, August 29th. Kinsale Capital Group’s dividend payout ratio is presently 3.55%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Cantor Fitzgerald upgraded Kinsale Capital Group to a “hold” rating in a report on Wednesday, August 13th. Compass Point lifted their price target on Kinsale Capital Group from $432.00 to $490.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. Truist Financial boosted their price objective on Kinsale Capital Group from $500.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, July 28th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Kinsale Capital Group in a research report on Wednesday. Finally, Morgan Stanley cut their price target on Kinsale Capital Group from $525.00 to $500.00 and set an “overweight” rating on the stock in a research note on Tuesday. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Kinsale Capital Group currently has a consensus rating of “Hold” and an average target price of $506.89.

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.