2 weeks Ago By ABMN Staff
Susquehanna Portfolio Strategies LLC reduced its position in shares of Kinsale Capital Group, Inc. ( NYSE:KNSL – Free Report ) by 2.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The fund owned 78,087 shares of the financial services provider’s stock after selling 1,813 shares during the period. Kinsale Capital Group accounts for about 1.2% of Susquehanna Portfolio Strategies LLC’s investment portfolio, making the stock its 16th largest position.
Susquehanna Portfolio Strategies LLC owned about 0.34% of Kinsale Capital Group worth $30,085,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors have also modified their holdings of KNSL.
Janney Montgomery Scott LLC boosted its holdings in shares of Kinsale Capital Group by 23.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,922 shares of the financial services provider’s stock worth $644,000 after purchasing an additional 368 shares during the last quarter.
Treasurer of the State of North Carolina boosted its stake in Kinsale Capital Group by 4.2% in the 4th quarter. Treasurer of the State of North Carolina now owns 9,990 shares of the financial services provider’s stock worth $3,346,000 after buying an additional 400 shares during the last quarter.
Capstone Investment Advisors LLC purchased a new stake in Kinsale Capital Group in the 4th quarter valued at about $231,000. Brown Brothers Harriman & Co. acquired a new position in shares of Kinsale Capital Group during the 4th quarter valued at about $33,000.
Finally, KBC Group NV acquired a new position in shares of Kinsale Capital Group during the 4th quarter valued at about $148,000. 85.36% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes A number of equities research analysts recently issued reports on the stock. Truist Financial boosted their target price on shares of Kinsale Capital Group from $485.00 to $530.
00 and gave the company a “buy” rating in a report on Friday. Oppenheimer began coverage on shares of Kinsale Capital Group in a research note on Friday, July 12th. They set a “market perform” rating for the company.
Royal Bank of Canada increased their target price 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.
Wolfe Research cut Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a report on Monday, September 16th. Finally, JPMorgan Chase & Co. upped their price target on Kinsale Capital Group from $400.
00 to $420.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock.
According to data from MarketBeat.com, Kinsale Capital Group currently has a consensus rating of “Hold” and a consensus price target of $438.71.
Kinsale Capital Group Stock Up 2.4 % Shares of NYSE KNSL opened at $460.63 on Friday.
The stock has a fifty day moving average price of $456.71 and a 200 day moving average price of $433.25.
The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.
15. Kinsale Capital Group, Inc. has a 12-month low of $325.
01 and a 12-month high of $548.47. The company has a market cap of $10.
72 billion, a P/E ratio of 30.61, a P/E/G ratio of 2.02 and a beta of 1.
08. Kinsale Capital Group ( NYSE:KNSL – Get Free Report ) last posted its earnings results on Thursday, July 25th. The financial services provider reported $3.
75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.52 by $0.23.
The business had revenue of $384.55 million during the quarter, compared to analyst estimates of $410.20 million.
Kinsale Capital Group had a return on equity of 30.33% and a net margin of 26.08%.
The company’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.
88 earnings per share. Research analysts anticipate that Kinsale Capital Group, Inc. will post 15.
31 EPS for the current fiscal year. Kinsale Capital Group Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were paid a dividend of $0.
15 per share. The ex-dividend date of this dividend was Thursday, August 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 is currently 3.
99%. Kinsale Capital Group Company Profile ( Free Report ) 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.
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