Police & Firemen s Retirement System of New Jersey Buys 456 Shares of Kinsale Capital Group, Inc. $KNSL

Police & Firemen s Retirement System of New Jersey increased its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 5.7% during the second quarter, Holdings Channel reports. The firm owned 8,418 shares of the financial services provider’s stock after acquiring an additional 456 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Kinsale Capital Group were worth $4,073,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of KNSL. N.E.W. Advisory Services LLC acquired a new stake in Kinsale Capital Group during the first quarter worth about $31,000. V Square Quantitative Management LLC acquired a new position in shares of Kinsale Capital Group in the 2nd quarter valued at approximately $31,000. Toth Financial Advisory Corp lifted its holdings in shares of Kinsale Capital Group by 90.0% during the 2nd quarter. Toth Financial Advisory Corp now owns 95 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 45 shares during the period. Ancora Advisors LLC acquired a new stake in shares of Kinsale Capital Group during the 1st quarter worth approximately $49,000. Finally, Quarry LP acquired a new stake in shares of Kinsale Capital Group during the 1st quarter worth approximately $55,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

Kinsale Capital Group Trading Down 0.8%

NYSE KNSL opened at $389.55 on Monday. The company has a market cap of $9.06 billion, a price-to-earnings ratio of 19.13, a price-to-earnings-growth ratio of 1.46 and a beta of 1.09. Kinsale Capital Group, Inc. has a twelve month low of $382.89 and a twelve month high of $531.79. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.11. The business’s fifty day moving average is $429.55 and its 200 day moving average is $451.65.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, October 23rd. The financial services provider reported $5.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.79 by $0.42. The business had revenue of $497.51 million during the quarter, compared to analysts’ expectations of $446.00 million. Kinsale Capital Group had a return on equity of 25.66% and a net margin of 26.30%.The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.20 EPS. As a group, sell-side analysts expect that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Friday, November 28th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.68 annualized dividend and a dividend yield of 0.2%. Kinsale Capital Group’s dividend payout ratio is currently 3.34%.

Analyst Ratings Changes

Several research analysts have commented on KNSL shares. TD Cowen lowered their price objective on shares of Kinsale Capital Group from $448.00 to $442.00 and set a “hold” rating for the company in a research report on Tuesday, November 4th. BMO Capital Markets boosted their price target on Kinsale Capital Group from $429.00 to $474.00 and gave the stock a “market perform” rating in a report on Tuesday, July 29th. JPMorgan Chase & Co. reduced their price objective on Kinsale Capital Group from $460.00 to $450.00 and set a “neutral” rating on the stock in a research note on Monday, October 27th. Morgan Stanley decreased their target price on Kinsale Capital Group from $525.00 to $500.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. Finally, Cantor Fitzgerald raised Kinsale Capital Group to a “hold” rating in a research note on Wednesday, August 13th. Three analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $495.44.

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.