Kinsale Capital Group, Inc. $KNSL Position Cut by Swiss National Bank

Swiss National Bank lowered its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 1.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 42,262 shares of the financial services provider’s stock after selling 600 shares during the period. Swiss National Bank’s holdings in Kinsale Capital Group were worth $20,451,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of KNSL. N.E.W. Advisory Services LLC acquired a new position in Kinsale Capital Group during the 1st quarter valued at about $31,000. V Square Quantitative Management LLC bought a new stake in shares of Kinsale Capital Group during the second quarter valued at approximately $31,000. VSM Wealth Advisory LLC bought a new stake in shares of Kinsale Capital Group during the second quarter valued at approximately $39,000. Toth Financial Advisory Corp boosted its position in shares of Kinsale Capital Group by 90.0% during the second quarter. Toth Financial Advisory Corp now owns 95 shares of the financial services provider’s stock worth $46,000 after buying an additional 45 shares during the period. Finally, Ancora Advisors LLC bought a new position in Kinsale Capital Group in the 1st quarter worth approximately $49,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Cantor Fitzgerald raised Kinsale Capital Group to a “hold” rating in a research note on Wednesday, August 13th. Royal Bank Of Canada began coverage on shares of Kinsale Capital Group in a research note on Tuesday. They set a “sector perform” rating and a $415.00 price objective on the stock. BMO Capital Markets raised their target price on shares of Kinsale Capital Group from $429.00 to $474.00 and gave the company a “market perform” rating in a research note on Tuesday, July 29th. Weiss Ratings restated a “hold (c+)” rating on shares of Kinsale Capital Group in a research report on Wednesday, November 19th. Finally, TD Cowen decreased 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 report on Tuesday, November 4th. Three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, Kinsale Capital Group has an average rating of “Hold” and a consensus price target of $483.78.

Kinsale Capital Group Stock Performance

NYSE:KNSL opened at $386.07 on Wednesday. The company has a 50-day moving average of $422.35 and a 200-day moving average of $448.28. The firm has a market cap of $8.98 billion, a price-to-earnings ratio of 18.96, a price-to-earnings-growth 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, Inc. has a twelve month low of $363.14 and a twelve month high of $531.79.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results on Thursday, October 23rd. The financial services provider reported $5.21 EPS for the quarter, beating the consensus estimate of $4.79 by $0.42. The business had revenue of $497.51 million during the quarter, compared to analyst estimates of $446.00 million. Kinsale Capital Group had a net margin of 26.30% and a return on equity of 25.66%. The business’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the prior year, the business earned $4.20 earnings per share. 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 disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Friday, November 28th will be paid a dividend of $0.17 per share. 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 (DPR) is currently 3.34%.

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.