AXS Investments LLC Takes $86,000 Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

AXS Investments LLC purchased a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 230 shares of the financial services provider’s stock, valued at approximately $86,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Park Place Capital Corp lifted its stake in Kinsale Capital Group by 8.3% in the 2nd quarter. Park Place Capital Corp now owns 354 shares of the financial services provider’s stock worth $132,000 after purchasing an additional 27 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in Kinsale Capital Group by 15.9% during the second quarter. First Horizon Advisors Inc. now owns 233 shares of the financial services provider’s stock worth $87,000 after buying an additional 32 shares during the last quarter. Coldstream Capital Management Inc. grew its holdings in Kinsale Capital Group by 4.3% in the 2nd quarter. Coldstream Capital Management Inc. now owns 773 shares of the financial services provider’s stock valued at $289,000 after buying an additional 32 shares in the last quarter. Brown Advisory Inc. increased its stake in shares of Kinsale Capital Group by 2.7% in the 1st quarter. Brown Advisory Inc. now owns 1,349 shares of the financial services provider’s stock worth $405,000 after acquiring an additional 36 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY raised its holdings in shares of Kinsale Capital Group by 2.9% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 1,329 shares of the financial services provider’s stock worth $348,000 after acquiring an additional 38 shares during the period. 83.68% of the stock is currently owned by institutional investors and hedge funds.

Kinsale Capital Group Trading Down 0.2 %

Shares of KNSL stock opened at $352.14 on Monday. Kinsale Capital Group, Inc. has a fifty-two week low of $250.90 and a fifty-two week high of $457.73. The company has a 50 day moving average price of $400.41 and a 200 day moving average price of $374.18. The stock has a market capitalization of $8.16 billion, a P/E ratio of 30.15 and a beta of 0.90. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.14 and a current ratio of 0.14.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings data on Friday, October 27th. The financial services provider reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.93 by $0.38. Kinsale Capital Group had a return on equity of 31.16% and a net margin of 24.50%. The business had revenue of $377.79 million for the quarter, compared to analyst estimates of $362.43 million. During the same quarter in the prior year, the company earned $1.64 earnings per share. The company’s revenue was up 33.0% on a year-over-year basis. Equities research analysts predict that Kinsale Capital Group, Inc. will post 11.96 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Wednesday, November 29th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, November 28th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.16%. Kinsale Capital Group’s payout ratio is 4.79%.

Analysts Set New Price Targets

KNSL has been the subject of several recent analyst reports. BMO Capital Markets cut their price objective on shares of Kinsale Capital Group from $450.00 to $434.00 and set an “outperform” rating for the company in a research report on Monday, October 30th. Jefferies Financial Group raised their price target on shares of Kinsale Capital Group from $395.00 to $420.00 in a report on Friday, October 6th. StockNews.com started coverage on Kinsale Capital Group in a report on Thursday, October 5th. They issued a “hold” rating on the stock. JPMorgan Chase & Co. raised their target price on Kinsale Capital Group from $350.00 to $370.00 in a research note on Monday, October 2nd. Finally, Wolfe Research initiated coverage on Kinsale Capital Group in a research report on Thursday, September 21st. They set an “outperform” rating and a $521.00 price objective for the company. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Kinsale Capital Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $422.14.

Insider Buying and Selling

In other Kinsale Capital Group news, CEO Michael P. Kehoe sold 4,000 shares of the stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $376.82, for a total value of $1,507,280.00. Following the sale, the chief executive officer now directly owns 307,117 shares of the company’s stock, valued at approximately $115,727,827.94. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Michael P. Kehoe sold 4,000 shares of the stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $376.82, for a total value of $1,507,280.00. Following the transaction, the chief executive officer now owns 307,117 shares in the company, valued at approximately $115,727,827.94. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Brian D. Haney sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $414.60, for a total value of $621,900.00. Following the sale, the chief operating officer now owns 66,831 shares of the company’s stock, valued at approximately $27,708,132.60. The disclosure for this sale can be found here. Insiders sold 9,695 shares of company stock worth $3,582,859 over the last 90 days. 6.00% of the stock is owned by insiders.

Kinsale Capital Group Profile

Kinsale Capital Group, Inc, a specialty insurance company, provides property and casualty insurance products in the United States. The company's commercial lines offerings include construction, small business, excess and general casualty, commercial property, allied health, life sciences, energy, environmental, health care, inland marine, public entity, and commercial insurance, as well as product, professional, and management liability insurance.