Kinsale Capital Group, Inc. $KNSL Shares Acquired by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP boosted its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 127.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 117,394 shares of the financial services provider’s stock after buying an additional 65,770 shares during the period. Westfield Capital Management Co. LP’s holdings in Kinsale Capital Group were worth $56,807,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of KNSL. Allianz Asset Management GmbH boosted its holdings in shares of Kinsale Capital Group by 68.6% in the first quarter. Allianz Asset Management GmbH now owns 2,950 shares of the financial services provider’s stock valued at $1,436,000 after acquiring an additional 1,200 shares in the last quarter. HighPoint Advisor Group LLC lifted its position in Kinsale Capital Group by 23.7% in the first quarter. HighPoint Advisor Group LLC now owns 960 shares of the financial services provider’s stock worth $467,000 after purchasing an additional 184 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Kinsale Capital Group in the first quarter worth approximately $6,718,000. Oak Thistle LLC bought a new position in Kinsale Capital Group during the 1st quarter valued at $410,000. Finally, Venturi Wealth Management LLC increased its position in shares of Kinsale Capital Group by 30.8% during the 1st quarter. Venturi Wealth Management LLC now owns 2,842 shares of the financial services provider’s stock valued at $1,383,000 after purchasing an additional 670 shares during the period. Institutional investors and hedge funds own 85.36% of the company’s stock.

Kinsale Capital Group Trading Down 2.4%

NYSE:KNSL opened at $370.26 on Friday. The stock has a fifty day simple moving average of $425.07 and a 200 day simple moving average of $449.95. The firm has a market capitalization of $8.61 billion, a price-to-earnings ratio of 18.19, a price-to-earnings-growth ratio of 1.46 and a beta of 1.09. Kinsale Capital Group, Inc. has a 1-year low of $363.14 and a 1-year 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.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $5.21 earnings per share (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 quarter in the previous year, the company earned $4.20 EPS. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. Sell-side analysts forecast 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 declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Friday, November 28th will be issued 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 dividend yield of 0.2%. Kinsale Capital Group’s payout ratio is currently 3.34%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on KNSL shares. Compass Point upped their price objective on Kinsale Capital Group from $432.00 to $490.00 and gave the company a “neutral” rating in a report on Monday, July 28th. TD Cowen cut their price target 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. JPMorgan Chase & Co. reduced their price objective on shares of Kinsale Capital Group from $460.00 to $450.00 and set a “neutral” rating for the company in a research report on Monday, October 27th. Truist Financial boosted their target price on shares of Kinsale Capital Group from $500.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, July 28th. Finally, Morgan Stanley cut their target price on shares of Kinsale Capital Group from $490.00 to $480.00 and set an “overweight” rating for the company in a research note on Monday. Three investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $493.22.

Kinsale Capital Group 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.