Quantbot Technologies LP Buys Shares of 17,346 Kinsale Capital Group, Inc. $KNSL

Quantbot Technologies LP bought a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,346 shares of the financial services provider’s stock, valued at approximately $5,721,000.

A number of other large investors also recently modified their holdings of KNSL. Bayban acquired a new position in shares of Kinsale Capital Group in the 4th quarter valued at about $25,000. International Assets Investment Management LLC bought a new position in Kinsale Capital Group in the fourth quarter worth about $29,000. Johnson Financial Group Inc. lifted its holdings in Kinsale Capital Group by 257.1% in the third quarter. Johnson Financial Group Inc. now owns 75 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 54 shares during the last quarter. Larson Financial Group LLC boosted its stake in Kinsale Capital Group by 225.0% in the third quarter. Larson Financial Group LLC now owns 78 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 54 shares during the period. Finally, Darwin Wealth Management LLC acquired a new position in Kinsale Capital Group in the second quarter valued at approximately $38,000. 85.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

KNSL has been the subject of several recent research reports. Morgan Stanley upped their target price on Kinsale Capital Group from $345.00 to $390.00 and gave the company an “equal weight” rating in a report on Wednesday. Wall Street Zen upgraded Kinsale Capital Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Royal Bank Of Canada lowered their price objective on Kinsale Capital Group from $385.00 to $375.00 and set a “sector perform” rating for the company in a research note on Monday, April 27th. TD Cowen reaffirmed a “hold” rating on shares of Kinsale Capital Group in a research report on Tuesday, June 16th. Finally, Weiss Ratings upgraded Kinsale Capital Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $368.78.

Insider Activity at Kinsale Capital Group

In other Kinsale Capital Group news, insider Salmaan K. Allibhai sold 250 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $311.17, for a total transaction of $77,792.50. Following the completion of the transaction, the insider owned 3,645 shares in the company, valued at approximately $1,134,214.65. The trade was a 6.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Christopher R. Tangard purchased 330 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was acquired at an average cost of $304.00 per share, with a total value of $100,320.00. Following the purchase, the chief accounting officer owned 380 shares of the company’s stock, valued at approximately $115,520. This represents a 660.00% increase in their position. The SEC filing for this purchase provides additional information. 5.60% of the stock is owned by company insiders.

Kinsale Capital Group Price Performance

NYSE KNSL opened at $383.66 on Friday. Kinsale Capital Group, Inc. has a 52 week low of $287.20 and a 52 week high of $485.00. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.11. The stock has a market cap of $8.74 billion, a price-to-earnings ratio of 15.55, a price-to-earnings-growth ratio of 1.21 and a beta of 0.89. The company has a 50-day moving average price of $346.72 and a two-hundred day moving average price of $345.56.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $5.54 EPS for the quarter, beating the consensus estimate of $5.11 by $0.43. The company had revenue of $548.52 million for the quarter, compared to analyst estimates of $445.13 million. Kinsale Capital Group had a net margin of 28.49% and a return on equity of 25.54%. Kinsale Capital Group’s revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the business earned $4.78 earnings per share. Analysts forecast that Kinsale Capital Group, Inc. will post 21.1 EPS for the current year.

Kinsale Capital Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Friday, August 28th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, August 28th. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 4.05%.

Kinsale Capital Group Profile

Kinsale Capital Group, Inc (NYSE:KNSL) is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company’s product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.