Susquehanna Fundamental Investments LLC Has $5.18 Million Holdings in Kinsale Capital Group, Inc. $KNSL

Susquehanna Fundamental Investments LLC lessened its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 60.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,719 shares of the financial services provider’s stock after selling 23,760 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Kinsale Capital Group were worth $5,184,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Bayban bought a new stake in shares of Kinsale Capital Group during the 4th quarter valued at approximately $25,000. International Assets Investment Management LLC acquired a new stake in Kinsale Capital Group in the fourth quarter valued at approximately $29,000. Johnson Financial Group Inc. boosted its position 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 valued at $32,000 after buying an additional 54 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of Kinsale Capital Group by 225.0% during the third quarter. Larson Financial Group LLC now owns 78 shares of the financial services provider’s stock worth $33,000 after buying an additional 54 shares during the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in shares of Kinsale Capital Group during the second quarter worth $38,000. Institutional investors own 85.36% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on KNSL. Wells Fargo & Company increased their price target on Kinsale Capital Group from $366.00 to $377.00 and gave the company an “equal weight” rating in a research note on Monday, July 27th. JPMorgan Chase & Co. upped their target price on Kinsale Capital Group from $380.00 to $390.00 and gave the stock a “neutral” rating in a report on Monday, July 20th. Weiss Ratings upgraded Kinsale Capital Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 19th. TD Cowen reiterated a “hold” rating on shares of Kinsale Capital Group in a research report on Tuesday, June 16th. Finally, Morgan Stanley lifted their price target on Kinsale Capital Group from $345.00 to $390.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $368.78.

Insider Activity

In related news, CAO Christopher R. Tangard acquired 330 shares of the stock in a transaction dated Monday, June 8th. The stock was bought at an average cost of $304.00 per share, for a total transaction of $100,320.00. Following the completion of the transaction, the chief accounting officer directly owned 380 shares of the company’s stock, valued at $115,520. The trade was a 660.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.60% of the stock is owned by company insiders.

Kinsale Capital Group Stock Performance

Shares of Kinsale Capital Group stock opened at $374.24 on Tuesday. The stock has a market cap of $8.53 billion, a price-to-earnings ratio of 15.16, a P/E/G ratio of 1.20 and a beta of 0.89. Kinsale Capital Group, Inc. has a twelve month low of $287.20 and a twelve month high of $485.00. The company’s fifty day moving average is $356.00 and its 200 day moving average is $344.49. 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 announced its earnings results on Thursday, July 23rd. The financial services provider reported $5.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.11 by $0.43. The business had revenue of $548.52 million during the quarter, compared to analyst estimates of $445.13 million. Kinsale Capital Group had a return on equity of 25.54% and a net margin of 28.49%.Kinsale Capital Group’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period last year, the company earned $4.78 EPS. Sell-side analysts forecast that Kinsale Capital Group, Inc. will post 21.1 EPS for the current year.

Kinsale Capital Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Friday, August 28th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.3%. Kinsale Capital Group’s dividend payout ratio is presently 4.05%.

About Kinsale Capital Group

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.