WINTON GROUP Ltd Buys 1,475 Shares of Kinsale Capital Group, Inc. $KNSL

WINTON GROUP Ltd grew its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 40.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,085 shares of the financial services provider’s stock after purchasing an additional 1,475 shares during the period. WINTON GROUP Ltd’s holdings in Kinsale Capital Group were worth $1,677,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of KNSL. California State Teachers Retirement System lifted its position in Kinsale Capital Group by 32,446.1% in the second quarter. California State Teachers Retirement System now owns 8,367,610 shares of the financial services provider’s stock worth $2,759,721,000 after buying an additional 8,341,900 shares during the last quarter. Bamco Inc. NY purchased a new stake in shares of Kinsale Capital Group in the second quarter valued at $878,600,000. BlackRock Inc. bought a new stake in shares of Kinsale Capital Group in the 2nd quarter worth about $671,457,000. Life Cycle Investment Partners Ltd purchased a new position in shares of Kinsale Capital Group during the 4th quarter worth about $229,653,000. Finally, Capital World Investors grew its holdings in Kinsale Capital Group by 117.4% during the 4th quarter. Capital World Investors now owns 987,844 shares of the financial services provider’s stock valued at $386,366,000 after purchasing an additional 533,499 shares during the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Trading Down 0.8%

Shares of NYSE KNSL opened at $359.83 on Friday. Kinsale Capital Group, Inc. has a twelve month low of $287.20 and a twelve month high of $485.00. The firm has a market cap of $8.20 billion, a PE ratio of 14.58, a price-to-earnings-growth ratio of 1.14 and a beta of 0.89. The business has a fifty day simple moving average of $363.22 and a two-hundred day simple moving average of $343.99. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.11.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $5.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.11 by $0.43. The business 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%.The business’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.78 EPS. Analysts expect that Kinsale Capital Group, Inc. will post 21.1 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Friday, August 28th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, August 28th. Kinsale Capital Group’s dividend payout ratio is presently 4.05%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Wall Street Zen upgraded Kinsale Capital Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Morgan Stanley boosted their price objective on Kinsale Capital Group from $345.00 to $390.00 and gave the company an “equal weight” rating in a report on Wednesday, August 19th. Wells Fargo & Company increased their target price on Kinsale Capital Group from $366.00 to $377.00 and gave the stock an “equal weight” rating in a research note on Monday, July 27th. JPMorgan Chase & Co. boosted their target price on shares of Kinsale Capital Group from $380.00 to $390.00 and gave the company a “neutral” rating in a research note on Monday, July 20th. Finally, TD Cowen restated a “hold” rating on shares of Kinsale Capital Group in a report on Tuesday, June 16th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $368.78.

About Kinsale Capital Group

Kinsale Capital Group, Inc (NYSE: KNSL) is a specialty insurance company headquartered in Richmond, Virginia. Through its principal subsidiary, Kinsale Insurance Company, the company provides property and casualty insurance products in the excess and surplus lines market, which serves risks that may not be covered by standard insurance carriers.

Kinsale’s offerings include commercial property, casualty and specialty insurance for businesses and organizations with complex or higher-risk exposures.