Intech Investment Management LLC Buys 3,049 Shares of Kinsale Capital Group, Inc. $KNSL

Intech Investment Management LLC boosted its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 28.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,692 shares of the financial services provider’s stock after buying an additional 3,049 shares during the quarter. Intech Investment Management LLC owned 0.06% of Kinsale Capital Group worth $6,626,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of KNSL. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of Kinsale Capital Group in the 1st quarter worth about $125,003,000. First Manhattan CO. LLC. raised its position in Kinsale Capital Group by 401.4% in the 1st quarter. First Manhattan CO. LLC. now owns 201,272 shares of the financial services provider’s stock worth $97,961,000 after purchasing an additional 161,132 shares during the period. Madison Asset Management LLC purchased a new stake in Kinsale Capital Group in the 1st quarter worth about $76,235,000. JPMorgan Chase & Co. lifted its stake in Kinsale Capital Group by 39.8% in the first quarter. JPMorgan Chase & Co. now owns 460,651 shares of the financial services provider’s stock worth $224,204,000 after purchasing an additional 131,056 shares during the last quarter. Finally, Giverny Capital Inc. boosted its position in shares of Kinsale Capital Group by 87.3% during the first quarter. Giverny Capital Inc. now owns 169,967 shares of the financial services provider’s stock valued at $82,725,000 after buying an additional 79,208 shares during the period. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Stock Down 0.8%

Shares of NYSE KNSL opened at $389.55 on Monday. Kinsale Capital Group, Inc. has a 52-week low of $382.89 and a 52-week high of $531.79. The firm has a market capitalization of $9.06 billion, a price-to-earnings ratio of 19.13, a PEG ratio of 1.46 and a beta of 1.09. The stock has a 50 day moving average price of $429.55 and a 200 day moving average price of $451.65. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.09 and a current ratio of 0.09.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, October 23rd. The financial services provider reported $5.21 earnings per share for the quarter, beating analysts’ consensus estimates of $4.79 by $0.42. Kinsale Capital Group had a return on equity of 25.66% and a net margin of 26.30%.The business had revenue of $497.51 million during the quarter, compared to analyst estimates of $446.00 million. During the same period in the previous year, the company posted $4.20 EPS. Kinsale Capital Group’s revenue was up 19.0% on a year-over-year basis. Sell-side analysts expect that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Friday, November 28th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, November 28th. Kinsale Capital Group’s payout ratio is presently 3.34%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on KNSL shares. TD Cowen cut their target price on Kinsale Capital Group from $448.00 to $442.00 and set a “hold” rating on the stock in a research note on Tuesday, November 4th. JPMorgan Chase & Co. dropped their price objective on Kinsale Capital Group from $460.00 to $450.00 and set a “neutral” rating for the company in a report on Monday, October 27th. Compass Point upped their price objective on Kinsale Capital Group from $432.00 to $490.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. Morgan Stanley decreased their target price 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. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Kinsale Capital Group in a research note on Thursday. Three equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $495.44.

About Kinsale Capital Group

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.