66,200 Shares in Kinsale Capital Group, Inc. $KNSL Acquired by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC purchased a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 66,200 shares of the financial services provider’s stock, valued at approximately $32,034,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Kinsale Capital Group in the 2nd quarter valued at approximately $125,812,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of Kinsale Capital Group during the 1st quarter valued at about $125,003,000. First Manhattan CO. LLC. raised its holdings in Kinsale Capital Group by 401.4% in the 1st quarter. First Manhattan CO. LLC. now owns 201,272 shares of the financial services provider’s stock worth $97,961,000 after acquiring an additional 161,132 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Kinsale Capital Group by 39.8% in the first quarter. JPMorgan Chase & Co. now owns 460,651 shares of the financial services provider’s stock worth $224,204,000 after purchasing an additional 131,056 shares during the period. Finally, Giverny Capital Inc. increased its position in Kinsale Capital Group by 87.3% in the 1st quarter. Giverny Capital Inc. now owns 169,967 shares of the financial services provider’s stock worth $82,725,000 after buying an additional 79,208 shares during the period. Institutional investors and hedge funds own 85.36% of the company’s stock.

Kinsale Capital Group Stock Down 1.2%

Shares of NYSE KNSL opened at $381.76 on Friday. The stock has a 50-day moving average price of $420.45 and a two-hundred day moving average price of $447.35. Kinsale Capital Group, Inc. has a 12 month low of $363.14 and a 12 month high of $531.79. The company has a market cap of $8.88 billion, a price-to-earnings ratio of 18.75, a PEG ratio of 1.46 and a beta of 1.09. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.11.

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

Kinsale Capital Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Friday, November 28th will be paid a dividend of $0.17 per share. The ex-dividend date is Friday, November 28th. This represents a $0.68 dividend on an annualized basis and a yield of 0.2%. Kinsale Capital Group’s payout ratio is 3.34%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on KNSL shares. Morgan Stanley lowered their price objective on Kinsale Capital Group from $490.00 to $480.00 and set an “overweight” rating on the stock in a research report on Monday, November 17th. Cantor Fitzgerald upgraded shares of Kinsale Capital Group to a “hold” rating in a research report on Wednesday, August 13th. Royal Bank Of Canada started coverage on shares of Kinsale Capital Group in a research note on Tuesday. They issued a “sector perform” rating and a $415.00 price objective on the stock. JPMorgan Chase & Co. dropped 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. Finally, TD Cowen reduced their price objective on 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. Three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $483.78.

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.