Arthur M. Cohen & Associates LLC Purchases 70 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Arthur M. Cohen & Associates LLC increased its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 10.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 725 shares of the financial services provider’s stock after acquiring an additional 70 shares during the quarter. Arthur M. Cohen & Associates LLC’s holdings in Kinsale Capital Group were worth $345,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Headlands Technologies LLC bought a new position in shares of Kinsale Capital Group in the first quarter valued at approximately $25,000. ORG Wealth Partners LLC purchased a new stake in Kinsale Capital Group in the third quarter valued at approximately $26,000. UMB Bank n.a. raised its stake in Kinsale Capital Group by 408.3% in the third quarter. UMB Bank n.a. now owns 61 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 49 shares in the last quarter. Trust Co. of Vermont raised its stake 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 purchasing an additional 50 shares in the last quarter. Finally, Signaturefd LLC raised its stake in Kinsale Capital Group by 68.9% in the third quarter. Signaturefd LLC now owns 103 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 42 shares in the last quarter. 85.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group raised their target price on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Oppenheimer assumed coverage on shares of Kinsale Capital Group in a research note on Friday, July 12th. They issued a “market perform” rating on the stock. Truist Financial lowered their target price on shares of Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Wolfe Research raised 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. Finally, Royal Bank of Canada decreased their price target on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a research note on Monday, October 28th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $455.88.

Kinsale Capital Group Trading Down 0.4 %

Shares of NYSE KNSL traded down $1.55 during mid-day trading on Tuesday, hitting $422.50. The stock had a trading volume of 3,169 shares, compared to its average volume of 175,579. The business has a 50 day moving average price of $461.62 and a two-hundred day moving average price of $426.74. The firm has a market cap of $9.84 billion, a P/E ratio of 24.18, a price-to-earnings-growth ratio of 1.83 and a beta of 1.09. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.09 and a current ratio of 0.09. Kinsale Capital Group, Inc. has a 1 year low of $325.01 and a 1 year high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share for the quarter, topping analysts’ consensus estimates of $3.60 by $0.60. The firm had revenue of $418.06 million for the quarter, compared to the consensus estimate of $359.43 million. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. The company’s revenue was up 33.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.31 EPS. On average, equities analysts anticipate that Kinsale Capital Group, Inc. will post 15.48 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date was Thursday, August 29th. Kinsale Capital Group’s dividend payout ratio is presently 3.42%.

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.