Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Acquired by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. increased its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 14.0% during the 2nd quarter, Holdings Channel reports. The fund owned 426,418 shares of the financial services provider’s stock after purchasing an additional 52,218 shares during the quarter. Kinsale Capital Group makes up approximately 1.5% of Vaughan Nelson Investment Management L.P.’s investment portfolio, making the stock its 17th biggest position. Vaughan Nelson Investment Management L.P.’s holdings in Kinsale Capital Group were worth $164,291,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in Kinsale Capital Group during the 1st quarter worth approximately $25,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Kinsale Capital Group during the 4th quarter worth $33,000. Trust Co. of Vermont increased its holdings in Kinsale Capital Group by 113.6% in the second quarter. Trust Co. of Vermont now owns 94 shares of the financial services provider’s stock valued at $36,000 after buying an additional 50 shares during the last quarter. Quarry LP purchased a new position in Kinsale Capital Group in the fourth quarter valued at $40,000. Finally, Principal Securities Inc. acquired a new stake in Kinsale Capital Group in the fourth quarter valued at $44,000. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Royal Bank of Canada upped their price objective on Kinsale Capital Group from $425.00 to $455.00 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. Oppenheimer started coverage on Kinsale Capital Group in a report on Friday, July 12th. They issued a “market perform” rating for the company. BMO Capital Markets reduced their price objective on shares of Kinsale Capital Group from $544.00 to $453.00 and set a “market perform” rating for the company in a research report on Tuesday, April 30th. Truist Financial upped their target price on shares of Kinsale Capital Group from $440.00 to $485.00 and gave the company a “buy” rating in a report on Monday, July 29th. Finally, TD Cowen assumed coverage on shares of Kinsale Capital Group in a research note on Monday, May 20th. They set a “hold” rating and a $403.00 price target on the stock. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Kinsale Capital Group currently has a consensus rating of “Hold” and an average target price of $443.38.

Kinsale Capital Group Stock Performance

Shares of NYSE KNSL traded up $0.60 during midday trading on Friday, reaching $483.48. 83,067 shares of the company were exchanged, compared to its average volume of 186,314. Kinsale Capital Group, Inc. has a 1 year low of $325.01 and a 1 year high of $548.47. The stock has a fifty day simple moving average of $409.26 and a 200 day simple moving average of $433.23. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.15. The stock has a market cap of $11.25 billion, a P/E ratio of 32.12, a PEG ratio of 1.96 and a beta of 1.06.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings results on Thursday, July 25th. The financial services provider reported $3.75 EPS for the quarter, topping the consensus estimate of $3.52 by $0.23. Kinsale Capital Group had a return on equity of 30.33% and a net margin of 26.08%. The business had revenue of $384.55 million during the quarter, compared to analysts’ expectations of $410.20 million. During the same quarter in the prior year, the business earned $2.88 earnings per share. The company’s quarterly revenue was up 30.0% compared to the same quarter last year. On average, research analysts forecast that Kinsale Capital Group, Inc. will post 15.23 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.12%. The ex-dividend date of this dividend is Thursday, August 29th. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.99%.

Kinsale Capital Group 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.