Blackhawk Capital Partners LLC. Has $1.74 Million Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Blackhawk Capital Partners LLC. reduced its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 21.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 3,727 shares of the financial services provider’s stock after selling 992 shares during the period. Blackhawk Capital Partners LLC.’s holdings in Kinsale Capital Group were worth $1,735,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Integrated Investment Consultants LLC bought a new position in Kinsale Capital Group during the third quarter worth $7,847,000. Thompson Siegel & Walmsley LLC boosted its holdings in shares of Kinsale Capital Group by 25.0% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 875 shares of the financial services provider’s stock worth $407,000 after buying an additional 175 shares during the period. Intech Investment Management LLC grew its stake in Kinsale Capital Group by 1.9% in the 3rd quarter. Intech Investment Management LLC now owns 9,515 shares of the financial services provider’s stock valued at $4,430,000 after buying an additional 173 shares during the last quarter. Avior Wealth Management LLC raised its holdings in Kinsale Capital Group by 7,392.9% in the 3rd quarter. Avior Wealth Management LLC now owns 1,049 shares of the financial services provider’s stock valued at $488,000 after acquiring an additional 1,035 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Kinsale Capital Group during the third quarter worth approximately $5,959,000. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Stock Performance

Shares of Kinsale Capital Group stock opened at $478.71 on Thursday. The company’s 50 day moving average price is $458.87 and its two-hundred day moving average price is $431.02. The firm has a market capitalization of $11.15 billion, a P/E ratio of 27.29, a P/E/G ratio of 2.02 and a beta of 1.09. Kinsale Capital Group, Inc. has a fifty-two week low of $325.01 and a fifty-two week high of $548.47. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.09 and a quick ratio of 0.09.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.60 by $0.60. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. The company had revenue of $418.06 million during the quarter, compared to the consensus estimate of $359.43 million. During the same quarter in the prior year, the firm posted $3.31 earnings per share. The firm’s revenue was up 33.0% compared to the same quarter last year. On average, equities analysts forecast that Kinsale Capital Group, Inc. will post 15.52 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.15 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.13%. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 3.42%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on KNSL shares. JPMorgan Chase & Co. lowered their target price on Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. Truist Financial dropped their target price on Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating for the company in a report on Monday, October 28th. Wolfe Research upgraded shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price target on the stock in a research note on Monday, October 28th. Royal Bank of Canada cut their price objective on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating for the company in a report on Monday, October 28th. Finally, Jefferies Financial Group increased their target price on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $455.88.

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.