WINTON GROUP Ltd Raises Holdings in Kinsale Capital Group, Inc. $KNSL

WINTON GROUP Ltd increased its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 40.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 5,085 shares of the financial services provider’s stock after purchasing an additional 1,475 shares during the quarter. WINTON GROUP Ltd’s holdings in Kinsale Capital Group were worth $1,677,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of KNSL. AQR Capital Management LLC increased its holdings in shares of Kinsale Capital Group by 76.2% in the 1st quarter. AQR Capital Management LLC now owns 835 shares of the financial services provider’s stock valued at $397,000 after acquiring an additional 361 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Kinsale Capital Group by 72.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 102 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 43 shares during the last quarter. Brown Advisory Inc. lifted its stake in shares of Kinsale Capital Group by 7.9% during the 2nd quarter. Brown Advisory Inc. now owns 1,117 shares of the financial services provider’s stock worth $541,000 after purchasing an additional 82 shares during the last quarter. Jump Financial LLC boosted its position in Kinsale Capital Group by 136.9% during the second quarter. Jump Financial LLC now owns 1,097 shares of the financial services provider’s stock valued at $531,000 after purchasing an additional 634 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in Kinsale Capital Group by 45.3% during the second quarter. Cerity Partners LLC now owns 5,021 shares of the financial services provider’s stock valued at $2,430,000 after purchasing an additional 1,566 shares in the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Analyst Upgrades and Downgrades

KNSL has been the topic of several analyst reports. TD Cowen reiterated a “hold” rating on shares of Kinsale Capital Group in a research note on Tuesday, June 16th. Weiss Ratings upgraded shares of Kinsale Capital Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 19th. Wall Street Zen raised shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Wells Fargo & Company boosted their price objective on shares of Kinsale Capital Group from $366.00 to $377.00 and gave the stock an “equal weight” rating in a research note on Monday, July 27th. Finally, JPMorgan Chase & Co. increased their target price on shares of Kinsale Capital Group from $380.00 to $390.00 and gave the company a “neutral” rating in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Kinsale Capital Group currently has a consensus rating of “Reduce” and a consensus price target of $368.78.

Kinsale Capital Group Stock Performance

KNSL opened at $359.83 on Friday. The company has a market cap of $8.20 billion, a P/E ratio of 14.58, a price-to-earnings-growth ratio of 1.14 and a beta of 0.89. 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 firm’s 50-day moving average price is $363.22 and its 200-day moving average price is $343.99. Kinsale Capital Group, Inc. has a 52-week low of $287.20 and a 52-week high of $485.00.

Kinsale Capital Group (NYSE:KNSL) last released 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 company had revenue of $548.52 million during the quarter, compared to analysts’ expectations of $445.13 million. Kinsale Capital Group had a net margin of 28.49% and a return on equity of 25.54%. Kinsale Capital Group’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same period last year, the business earned $4.78 EPS. As a group, equities analysts anticipate that Kinsale Capital Group, Inc. will post 21.1 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

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

Kinsale Capital Group Profile

Kinsale Capital Group, Inc (NYSE: KNSL) is a specialty insurance company headquartered in Richmond, Virginia. Through its principal subsidiary, Kinsale Insurance Company, the company provides property and casualty insurance products in the excess and surplus lines market, which serves risks that may not be covered by standard insurance carriers.

Kinsale’s offerings include commercial property, casualty and specialty insurance for businesses and organizations with complex or higher-risk exposures.