Stephens Investment Management Group LLC Reduces Holdings in Kinsale Capital Group, Inc. $KNSL

Stephens Investment Management Group LLC lowered its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 4.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 151,159 shares of the financial services provider’s stock after selling 7,450 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Kinsale Capital Group were worth $64,282,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KNSL. V Square Quantitative Management LLC purchased a new stake in shares of Kinsale Capital Group during the second quarter worth about $31,000. Darwin Wealth Management LLC acquired a new stake in Kinsale Capital Group during the 2nd quarter valued at approximately $38,000. VSM Wealth Advisory LLC purchased a new stake in Kinsale Capital Group during the 2nd quarter worth approximately $39,000. Toth Financial Advisory Corp raised its position in shares of Kinsale Capital Group by 90.0% in the 2nd quarter. Toth Financial Advisory Corp now owns 95 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 45 shares in the last quarter. Finally, Eastern Bank purchased a new position in shares of Kinsale Capital Group during the 3rd quarter valued at approximately $43,000. 85.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Royal Bank Of Canada started coverage on shares of Kinsale Capital Group in a research note on Tuesday, November 25th. They issued a “sector perform” rating and a $415.00 price target for the company. Wall Street Zen raised shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a report on Sunday, December 14th. Wells Fargo & Company started coverage on shares of Kinsale Capital Group in a research report on Thursday. They issued an “overweight” rating and a $490.00 target price for the company. JPMorgan Chase & Co. cut their target price on shares of Kinsale Capital Group from $460.00 to $450.00 and set a “neutral” rating on the stock in a research note on Monday, October 27th. Finally, TD Cowen decreased their price target on Kinsale Capital Group from $448.00 to $442.00 and set a “hold” rating for the company in a research note on Tuesday, November 4th. Four analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $476.60.

Kinsale Capital Group Stock Down 0.2%

KNSL stock opened at $398.56 on Friday. The firm has a market cap of $9.27 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 1.41 and a beta of 1.00. Kinsale Capital Group, Inc. has a 1-year low of $349.00 and a 1-year high of $512.76. The firm has a fifty day moving average price of $387.84 and a two-hundred day moving average price of $427.61. 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 (NYSE:KNSL) last posted its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $5.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.79 by $0.42. Kinsale Capital Group had a net margin of 26.30% and a return on equity of 25.66%. The company had revenue of $497.51 million for the quarter, compared to the consensus estimate of $446.00 million. During the same period last year, the firm posted $4.20 EPS. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. Research analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group declared that its board has initiated a share buyback plan on Thursday, December 11th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the financial services provider to reacquire up to 2.8% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Kinsale Capital Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Friday, November 28th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, November 28th. Kinsale Capital Group’s payout ratio is presently 3.34%.

Kinsale Capital Group Company 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.