Gallacher Capital Management LLC Has $501,000 Stake in Kinsale Capital Group, Inc. $KNSL

Gallacher Capital Management LLC grew its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 59.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,036 shares of the financial services provider’s stock after purchasing an additional 386 shares during the period. Gallacher Capital Management LLC’s holdings in Kinsale Capital Group were worth $501,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Key Financial Inc boosted its position in shares of Kinsale Capital Group by 315.4% during the 1st quarter. Key Financial Inc now owns 54 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 41 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in Kinsale Capital Group in the first quarter valued at about $31,000. NBC Securities Inc. acquired a new position in Kinsale Capital Group in the first quarter valued at about $35,000. von Borstel & Associates Inc. bought a new position in shares of Kinsale Capital Group in the first quarter worth about $42,000. Finally, Ancora Advisors LLC bought a new position in shares of Kinsale Capital Group in the first quarter worth about $49,000. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on KNSL shares. Bank of America started coverage on shares of Kinsale Capital Group in a research note on Friday, June 20th. They set a “buy” rating and a $543.00 price target for the company. Wall Street Zen upgraded shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a report on Sunday, June 22nd. Cantor Fitzgerald upgraded shares of Kinsale Capital Group to a “hold” rating in a report on Wednesday, August 13th. Compass Point upped their price target on shares of Kinsale Capital Group from $432.00 to $490.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Finally, Truist Financial increased their target price on shares of Kinsale Capital Group from $500.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, July 28th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Kinsale Capital Group currently has an average rating of “Hold” and an average price target of $505.80.

Kinsale Capital Group Stock Performance

NYSE KNSL opened at $431.89 on Monday. The firm has a market capitalization of $10.06 billion, a P/E ratio of 22.53, a price-to-earnings-growth ratio of 1.59 and a beta of 1.13. The firm’s fifty day moving average price is $458.95 and its two-hundred day moving average price is $462.63. Kinsale Capital Group, Inc. has a 1 year low of $405.00 and a 1 year high of $531.79. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.11.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings data on Thursday, July 24th. The financial services provider reported $4.78 earnings per share for the quarter, beating the consensus estimate of $4.41 by $0.37. The company had revenue of $458.70 million for 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 firm earned $3.75 earnings per share. As a group, research analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 11th. Investors of record on Friday, August 29th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, August 29th. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 3.55%.

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.