Kelly Lawrence W & Associates Inc. CA Makes New $7.53 Million Investment in Kinsale Capital Group, Inc. $KNSL

Kelly Lawrence W & Associates Inc. CA bought a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) during the second quarter, according to its most recent filing with the SEC. The fund bought 22,817 shares of the financial services provider’s stock, valued at approximately $7,525,000. Kinsale Capital Group accounts for 1.6% of Kelly Lawrence W & Associates Inc. CA’s investment portfolio, making the stock its 23rd largest holding. Kelly Lawrence W & Associates Inc. CA owned about 0.10% of Kinsale Capital Group at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new position in Kinsale Capital Group in the 2nd quarter worth approximately $671,457,000. Life Cycle Investment Partners Ltd purchased a new stake in shares of Kinsale Capital Group during the fourth quarter worth $229,653,000. Capital World Investors lifted its position in shares of Kinsale Capital Group by 117.4% during the fourth quarter. Capital World Investors now owns 987,844 shares of the financial services provider’s stock worth $386,366,000 after acquiring an additional 533,499 shares in the last quarter. Norges Bank bought a new position in shares of Kinsale Capital Group in the fourth quarter worth $107,916,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Kinsale Capital Group in the second quarter valued at $45,595,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Insider Buying and Selling

In other Kinsale Capital Group news, CAO Christopher R. Tangard purchased 330 shares of the stock in a transaction on Monday, June 8th. The stock was acquired at an average cost of $304.00 per share, with a total value of $100,320.00. Following the completion of the purchase, the chief accounting officer directly owned 380 shares of the company’s stock, valued at approximately $115,520. This trade represents a 660.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.60% of the stock is currently owned by insiders.

Kinsale Capital Group Stock Performance

Kinsale Capital Group stock opened at $395.68 on Tuesday. Kinsale Capital Group, Inc. has a fifty-two week low of $287.20 and a fifty-two week high of $485.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a market cap of $9.01 billion, a P/E ratio of 16.03, a price-to-earnings-growth ratio of 1.21 and a beta of 0.89. The firm’s fifty day moving average price is $348.39 and its 200-day moving average price is $345.26.

Kinsale Capital Group (NYSE:KNSL) last announced its earnings results on Thursday, July 23rd. The financial services provider reported $5.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.11 by $0.43. The company had revenue of $548.52 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the business earned $4.78 earnings per share. On average, equities research analysts expect that Kinsale Capital Group, Inc. will post 21.1 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

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

Analyst Ratings Changes

KNSL has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on Kinsale Capital Group from $380.00 to $390.00 and gave the stock a “neutral” rating in a report on Monday, July 20th. Truist Financial decreased their price target on Kinsale Capital Group from $450.00 to $405.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. Royal Bank Of Canada lowered their price target on shares of Kinsale Capital Group from $385.00 to $375.00 and set a “sector perform” rating on the stock in a report on Monday, April 27th. TD Cowen restated a “hold” rating on shares of Kinsale Capital Group in a research report on Tuesday, June 16th. Finally, Wall Street Zen raised shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Kinsale Capital Group has an average rating of “Reduce” and a consensus target price of $368.78.

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.