Vanguard Personalized Indexing Management LLC Buys 190 Shares of Kinsale Capital Group, Inc. $KNSL

Vanguard Personalized Indexing Management LLC increased its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 7.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,684 shares of the financial services provider’s stock after acquiring an additional 190 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Kinsale Capital Group were worth $1,300,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of KNSL. Kayne Anderson Rudnick Investment Management LLC purchased a new position in Kinsale Capital Group in the 1st quarter worth approximately $125,003,000. First Manhattan CO. LLC. increased its stake in shares of Kinsale Capital Group by 401.4% in the first quarter. First Manhattan CO. LLC. now owns 201,272 shares of the financial services provider’s stock worth $97,961,000 after buying an additional 161,132 shares during the period. Madison Asset Management LLC purchased a new position in shares of Kinsale Capital Group in the first quarter worth $76,235,000. JPMorgan Chase & Co. raised its holdings in Kinsale Capital Group by 39.8% during the 1st quarter. JPMorgan Chase & Co. now owns 460,651 shares of the financial services provider’s stock valued at $224,204,000 after buying an additional 131,056 shares during the last quarter. Finally, Giverny Capital Inc. boosted its position in Kinsale Capital Group by 87.3% during the 1st quarter. Giverny Capital Inc. now owns 169,967 shares of the financial services provider’s stock valued at $82,725,000 after buying an additional 79,208 shares during the period. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Kinsale Capital Group in a research report on Wednesday, October 8th. Truist Financial increased their price target on shares of Kinsale Capital Group from $500.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, July 28th. Cantor Fitzgerald raised shares of Kinsale Capital Group to a “hold” rating in a research report on Wednesday, August 13th. Compass Point increased their target price on Kinsale Capital Group from $432.00 to $490.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. Finally, Morgan Stanley cut their price target on shares of Kinsale Capital Group from $525.00 to $500.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $506.89.

Kinsale Capital Group Price Performance

NYSE KNSL opened at $447.12 on Friday. The business’s fifty day moving average is $446.86 and its 200 day moving average is $459.74. Kinsale Capital Group, Inc. has a fifty-two week low of $405.00 and a fifty-two week high of $531.79. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.10 and a current ratio of 0.10. The company has a market capitalization of $10.42 billion, a PE ratio of 23.32, a price-to-earnings-growth ratio of 1.65 and a beta of 1.09.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings results on Thursday, July 24th. The financial services provider reported $4.78 earnings per share for the quarter, topping analysts’ consensus estimates of $4.41 by $0.37. The business had revenue of $458.70 million during the quarter, compared to analyst estimates of $436.25 million. Kinsale Capital Group had a net margin of 25.92% and a return on equity of 25.93%. The company’s revenue was up 22.2% on a year-over-year basis. During the same period in the prior year, the business posted $3.75 earnings per share. Sell-side analysts predict that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 11th. Stockholders of record on Friday, August 29th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, August 29th. Kinsale Capital Group’s payout ratio is 3.55%.

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.