Kinsale Capital Group, Inc. $KNSL Shares Bought by Bridges Investment Management Inc.

Bridges Investment Management Inc. boosted its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 15.4% in the second quarter, HoldingsChannel reports. The firm owned 5,801 shares of the financial services provider’s stock after purchasing an additional 775 shares during the quarter. Bridges Investment Management Inc.’s holdings in Kinsale Capital Group were worth $2,807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KNSL. Key Financial Inc boosted its position in 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 purchasing an additional 41 shares during the period. N.E.W. Advisory Services LLC acquired a new position in Kinsale Capital Group during the 1st quarter valued at approximately $31,000. V Square Quantitative Management LLC acquired a new position in Kinsale Capital Group during the 2nd quarter valued at approximately $31,000. von Borstel & Associates Inc. acquired a new position in Kinsale Capital Group during the 1st quarter valued at approximately $42,000. Finally, Toth Financial Advisory Corp boosted its position in Kinsale Capital Group by 90.0% during the 2nd quarter. Toth Financial Advisory Corp now owns 95 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 45 shares during the period. Institutional investors and hedge funds own 85.36% of the company’s stock.

Kinsale Capital Group Trading Down 5.2%

Shares of KNSL stock opened at $438.91 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.10 and a current ratio of 0.10. Kinsale Capital Group, Inc. has a 1 year low of $405.00 and a 1 year high of $531.79. The stock has a fifty day moving average of $446.67 and a two-hundred day moving average of $460.24. The firm has a market capitalization of $10.23 billion, a PE ratio of 22.90, a price-to-earnings-growth ratio of 1.71 and a beta of 1.09.

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

Kinsale Capital Group Announces Dividend

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

Wall Street Analyst Weigh In

KNSL has been the subject of a number of analyst reports. Cantor Fitzgerald upgraded Kinsale Capital Group to a “hold” rating in a research report on Wednesday, August 13th. Morgan Stanley reduced their price objective on Kinsale Capital Group from $525.00 to $500.00 and set an “overweight” rating for the company in a research report on Tuesday, October 7th. Bank of America assumed coverage on Kinsale Capital Group in a research report on Friday, June 20th. They set a “buy” rating and a $543.00 price objective for the company. JPMorgan Chase & Co. boosted their price target on Kinsale Capital Group from $440.00 to $460.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. Finally, BMO Capital Markets boosted their price target on Kinsale Capital Group from $429.00 to $474.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 29th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $506.89.

Kinsale Capital Group 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.