Trust Point Inc. Purchases 160 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Trust Point Inc. grew its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 5.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,053 shares of the financial services provider’s stock after purchasing an additional 160 shares during the quarter. Trust Point Inc.’s holdings in Kinsale Capital Group were worth $1,421,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of KNSL. Vanguard Group Inc. increased its stake 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 valued at $700,127,000 after purchasing an additional 30,729 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Kinsale Capital Group by 0.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 729,508 shares of the financial services provider’s stock worth $281,065,000 after acquiring an additional 6,331 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Kinsale Capital Group by 14.0% in 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 lifted its position in 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 acquiring an additional 1,286 shares in the last quarter. Finally, Champlain Investment Partners LLC boosted its stake in Kinsale Capital Group by 58.9% during the 1st quarter. Champlain Investment Partners LLC now owns 243,474 shares of the financial services provider’s stock valued at $127,761,000 after purchasing an additional 90,209 shares during the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Truist Financial raised their target price on Kinsale Capital Group from $485.00 to $530.00 and gave the company a “buy” rating in a report on Friday, September 27th. Jefferies Financial Group lifted their price objective on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Wolfe Research lowered shares of Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, September 16th. Royal Bank of Canada lifted their target price 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. Finally, Oppenheimer initiated coverage on shares of Kinsale Capital Group in a research note on Friday, July 12th. They set a “market perform” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Kinsale Capital Group currently has an average rating of “Hold” and an average price target of $446.00.

Kinsale Capital Group Trading Up 0.1 %

NYSE:KNSL traded up $0.44 during trading hours on Friday, reaching $475.63. The company’s stock had a trading volume of 8,357 shares, compared to its average volume of 174,570. The firm has a market capitalization of $11.07 billion, a price-to-earnings ratio of 31.59, a PEG ratio of 2.05 and a beta of 1.08. The firm has a 50-day simple moving average of $469.82 and a 200-day simple moving average of $428.16. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.13 and a current ratio of 0.13. Kinsale Capital Group, Inc. has a 1 year low of $325.01 and a 1 year high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $3.75 earnings per share for the quarter, topping analysts’ consensus estimates of $3.52 by $0.23. The firm had revenue of $384.55 million for 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%. The business’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same period last year, the company earned $2.88 EPS. Research analysts expect that Kinsale Capital Group, Inc. will post 15.31 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a $0.15 dividend. The ex-dividend date was Thursday, August 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.13%. Kinsale Capital Group’s payout ratio is currently 3.99%.

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.