Tealwood Asset Management Inc. Has $1.29 Million Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Tealwood Asset Management Inc. reduced its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 2.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,651 shares of the financial services provider’s stock after selling 56 shares during the period. Tealwood Asset Management Inc.’s holdings in Kinsale Capital Group were worth $1,290,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Kinsale Capital Group in the 4th quarter valued at approximately $25,000. Bank of Jackson Hole Trust acquired a new stake in Kinsale Capital Group in the 4th quarter valued at approximately $31,000. Larson Financial Group LLC grew its holdings in Kinsale Capital Group by 7,400.0% in the 4th quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider’s stock valued at $35,000 after buying an additional 74 shares during the last quarter. NBC Securities Inc. acquired a new stake in Kinsale Capital Group in the 1st quarter valued at approximately $35,000. Finally, Allworth Financial LP grew its holdings in Kinsale Capital Group by 450.0% in the 4th quarter. Allworth Financial LP now owns 88 shares of the financial services provider’s stock valued at $39,000 after buying an additional 72 shares during the last quarter. 85.36% of the stock is owned by institutional investors and hedge funds.

Kinsale Capital Group Price Performance

Kinsale Capital Group stock opened at $476.62 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09. The company has a market capitalization of $11.11 billion, a PE ratio of 26.79, a price-to-earnings-growth ratio of 1.66 and a beta of 1.29. Kinsale Capital Group, Inc. has a one year low of $366.92 and a one year high of $531.79. The business has a 50 day simple moving average of $464.47 and a 200 day simple moving average of $463.42.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $3.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.56. The firm had revenue of $423.40 million during the quarter, compared to the consensus estimate of $425.73 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.50 EPS. On average, sell-side analysts forecast that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The company also recently announced a dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 30th will be paid a $0.17 dividend. The ex-dividend date is Thursday, May 29th. This represents a dividend yield of 0.15%. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 3.91%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. JPMorgan Chase & Co. lowered their target price on Kinsale Capital Group from $402.00 to $400.00 and set a “neutral” rating on the stock in a report on Monday, April 28th. JMP Securities reiterated a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Truist Financial reduced their price objective on Kinsale Capital Group from $525.00 to $500.00 and set a “buy” rating for the company in a research report on Monday, April 28th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $500.00 price objective on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. Finally, Morgan Stanley raised their price objective on Kinsale Capital Group from $490.00 to $525.00 and gave the stock an “overweight” rating in a research report on Monday, May 19th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $484.57.

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.