Fiduciary Family Office LLC Has $573,000 Stake in Kinsale Capital Group, Inc. (NYSE:KNSL)

Fiduciary Family Office LLC boosted its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 43.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,486 shares of the financial services provider’s stock after acquiring an additional 449 shares during the quarter. Fiduciary Family Office LLC’s holdings in Kinsale Capital Group were worth $573,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. grew its position in Kinsale Capital Group by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 2,090,492 shares of the financial services provider’s stock worth $700,127,000 after acquiring an additional 30,729 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in Kinsale Capital Group by 14.0% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 426,418 shares of the financial services provider’s stock worth $164,291,000 after acquiring an additional 52,218 shares during the last quarter. DAVENPORT & Co LLC increased its position in shares of Kinsale Capital Group by 0.4% in the 1st quarter. DAVENPORT & Co LLC now owns 327,664 shares of the financial services provider’s stock valued at $173,095,000 after buying an additional 1,286 shares in the last quarter. Riverbridge Partners LLC lifted its stake in Kinsale Capital Group by 25.4% in the first quarter. Riverbridge Partners LLC now owns 311,664 shares of the financial services provider’s stock valued at $163,543,000 after buying an additional 63,141 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Kinsale Capital Group by 5.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 291,339 shares of the financial services provider’s stock worth $97,572,000 after purchasing an additional 15,718 shares during the period. Institutional investors and hedge funds own 85.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on KNSL. Truist Financial lifted their target price on Kinsale Capital Group from $440.00 to $485.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Oppenheimer began coverage on shares of Kinsale Capital Group in a research note on Friday, July 12th. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. increased their price objective on Kinsale Capital Group from $400.00 to $420.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. TD Cowen initiated coverage on Kinsale Capital Group in a research note on Monday, May 20th. They issued a “hold” rating and a $403.00 price target for the company. Finally, Royal Bank of Canada increased their price objective on shares of Kinsale Capital Group from $425.00 to $455.00 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $443.38.

Kinsale Capital Group Stock Down 0.3 %

NYSE:KNSL traded down $1.63 on Tuesday, hitting $489.46. The stock had a trading volume of 7,399 shares, compared to its average volume of 180,353. Kinsale Capital Group, Inc. has a 1 year low of $325.01 and a 1 year high of $548.47. The firm’s fifty day simple moving average is $428.32 and its two-hundred day simple moving average is $438.88. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.13 and a current ratio of 0.13. The stock has a market cap of $11.40 billion, a P/E ratio of 32.63, a price-to-earnings-growth ratio of 2.14 and a beta of 1.06.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $3.75 earnings per share for the quarter, beating the consensus estimate of $3.52 by $0.23. The business had revenue of $384.55 million during the quarter, compared to analyst estimates of $410.20 million. Kinsale Capital Group had a return on equity of 30.33% and a net margin of 26.08%. Kinsale Capital Group’s revenue was up 30.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.88 earnings per share. Analysts predict that Kinsale Capital Group, Inc. will post 15.29 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th will be paid a $0.15 dividend. The ex-dividend date is Thursday, August 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.12%. Kinsale Capital Group’s payout ratio is 3.99%.

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.