79,711 Shares in Kinsale Capital Group, Inc. $KNSL Purchased by Caisse de depot et placement du Quebec

Caisse de depot et placement du Quebec acquired a new stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 79,711 shares of the financial services provider’s stock, valued at approximately $26,289,000.

A number of 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 purchased a new position in Kinsale Capital Group in the 4th quarter worth approximately $29,000. Johnson Financial Group Inc. lifted its position 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 valued at $32,000 after acquiring an additional 54 shares in the last quarter. Larson Financial Group LLC lifted its position 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 valued at $33,000 after acquiring an additional 54 shares in the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in Kinsale Capital Group during the 2nd quarter valued at $38,000. 85.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Wall Street Zen upgraded Kinsale Capital Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. TD Cowen reaffirmed a “hold” rating on shares of Kinsale Capital Group in a research report on Tuesday, June 16th. Weiss Ratings upgraded Kinsale Capital Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 19th. JPMorgan Chase & Co. boosted their target price on Kinsale Capital Group from $380.00 to $390.00 and gave the stock a “neutral” rating in a research report on Monday, July 20th. Finally, Wells Fargo & Company upped their target price on shares of 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. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $368.78.

Insider Activity

In other Kinsale Capital Group news, CAO Christopher R. Tangard acquired 330 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The shares were 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 owned 380 shares in the company, valued at $115,520. This represents a 660.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.60% of the company’s stock.

Kinsale Capital Group Stock Performance

Shares of KNSL opened at $381.25 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.09 and a quick ratio of 0.09. Kinsale Capital Group, Inc. has a one year low of $287.20 and a one year high of $485.00. The firm has a market capitalization of $8.68 billion, a P/E ratio of 15.45, a PEG ratio of 1.21 and a beta of 0.89. The business has a fifty day moving average of $354.41 and a 200 day moving average of $344.98.

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

Kinsale Capital Group Announces Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, August 28th. Kinsale Capital Group’s dividend payout ratio is 4.05%.

Kinsale Capital Group Profile

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.