9,734 Shares in Kinsale Capital Group, Inc. $KNSL Purchased by Jupiter Topco LLC

Jupiter Topco LLC acquired a new stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) during the 2nd quarter, Holdings Channel reports. The fund acquired 9,734 shares of the financial services provider’s stock, valued at approximately $3,211,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bayban purchased a new stake in shares of Kinsale Capital Group during the fourth quarter valued at approximately $25,000. International Assets Investment Management LLC bought a new stake in shares of Kinsale Capital Group during the fourth quarter valued at approximately $29,000. Johnson Financial Group Inc. raised its holdings in Kinsale Capital Group by 257.1% in the 3rd quarter. Johnson Financial Group Inc. now owns 75 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 54 shares during the last quarter. Larson Financial Group LLC raised its holdings in Kinsale Capital Group by 225.0% in the 3rd quarter. Larson Financial Group LLC now owns 78 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 54 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new position in Kinsale Capital Group in the 2nd quarter valued at approximately $38,000. 85.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on KNSL. Wells Fargo & Company increased their target price on Kinsale Capital Group from $366.00 to $377.00 and gave the company an “equal weight” rating in a research note on Monday, July 27th. Morgan Stanley boosted their price target on Kinsale Capital Group from $345.00 to $390.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 19th. Wall Street Zen raised Kinsale Capital Group from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Weiss Ratings raised Kinsale Capital Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 19th. Finally, TD Cowen reiterated a “hold” rating on shares of Kinsale Capital Group in a report on Tuesday, June 16th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $368.78.

Kinsale Capital Group Stock Up 1.2%

Shares of Kinsale Capital Group stock opened at $376.96 on Thursday. Kinsale Capital Group, Inc. has a twelve month low of $287.20 and a twelve month high of $485.00. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.11. The company’s 50 day moving average is $358.67 and its 200 day moving average is $344.08. The company has a market cap of $8.59 billion, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 1.18 and a beta of 0.89.

Kinsale Capital Group (NYSE:KNSL) last posted its earnings results on Thursday, July 23rd. The financial services provider reported $5.54 EPS for the quarter, topping analysts’ consensus estimates of $5.11 by $0.43. The business had revenue of $548.52 million during the quarter, compared to the consensus estimate of $445.13 million. Kinsale Capital Group had a net margin of 28.49% and a return on equity of 25.54%. The firm’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.78 EPS. Research analysts anticipate that Kinsale Capital Group, Inc. will post 21.1 EPS for the current year.

Kinsale Capital Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Friday, August 28th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, August 28th. Kinsale Capital Group’s dividend payout ratio (DPR) is 4.05%.

Insider Activity at Kinsale Capital Group

In other news, CAO Christopher R. Tangard acquired 330 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was bought at an average price of $304.00 per share, with a total value of $100,320.00. Following the completion of the acquisition, the chief accounting officer directly owned 380 shares of the company’s stock, valued at approximately $115,520. The trade was a 660.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.60% of the stock is owned by insiders.

About Kinsale Capital Group

Kinsale Capital Group, Inc (NYSE:KNSL) is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company’s product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.