Redwood Investments LLC bought a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL – Get Rating) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 91,371 shares of the financial services provider’s stock, valued at approximately $20,834,000. Kinsale Capital Group accounts for about 2.0% of Redwood Investments LLC’s investment portfolio, making the stock its 9th largest position.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Fifth Third Bancorp grew its stake in Kinsale Capital Group by 140.4% in the fourth quarter. Fifth Third Bancorp now owns 113 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 66 shares during the period. Centiva Capital LP lifted its holdings in Kinsale Capital Group by 7.9% during the fourth quarter. Centiva Capital LP now owns 1,636 shares of the financial services provider’s stock worth $389,000 after acquiring an additional 120 shares during the period. Russell Investments Group Ltd. bought a new stake in Kinsale Capital Group during the fourth quarter worth $30,000. Evolution Advisers Inc. bought a new stake in Kinsale Capital Group during the fourth quarter worth $32,000. Finally, Total Clarity Wealth Management Inc. lifted its holdings in Kinsale Capital Group by 29.1% during the fourth quarter. Total Clarity Wealth Management Inc. now owns 665 shares of the financial services provider’s stock worth $158,000 after acquiring an additional 150 shares during the period. 82.91% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently commented on KNSL shares. Truist Financial lifted their price target on Kinsale Capital Group from $255.00 to $270.00 in a report on Monday, May 2nd. StockNews.com started coverage on Kinsale Capital Group in a report on Thursday, March 31st. They set a “hold” rating on the stock.
KNSL opened at $229.64 on Friday. Kinsale Capital Group, Inc. has a 12-month low of $157.81 and a 12-month high of $245.17. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.06. The stock has a 50-day moving average price of $217.54 and a 200-day moving average price of $215.93. The stock has a market capitalization of $5.26 billion, a P/E ratio of 34.74 and a beta of 0.95.
Kinsale Capital Group (NYSE:KNSL – Get Rating) last released its quarterly earnings results on Thursday, April 28th. The financial services provider reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.08. Kinsale Capital Group had a return on equity of 21.79% and a net margin of 22.35%. The business had revenue of $216.50 million during the quarter, compared to analyst estimates of $179.95 million. During the same quarter in the prior year, the company posted $1.11 EPS. Kinsale Capital Group’s quarterly revenue was up 50.0% compared to the same quarter last year. On average, equities research analysts predict that Kinsale Capital Group, Inc. will post 6.74 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, June 13th. Shareholders of record on Tuesday, May 31st were paid a dividend of $0.13 per share. The ex-dividend date was Friday, May 27th. This represents a $0.52 annualized dividend and a yield of 0.23%. Kinsale Capital Group’s dividend payout ratio is 7.87%.
About Kinsale Capital Group (Get Rating)
Kinsale Capital Group, Inc, a specialty insurance company, provides property and casualty insurance products in the United States. The company's commercial lines offerings include construction, small business, excess and general casualty, commercial property, allied health, life sciences, energy, environmental, health care, inland marine, public entity, and commercial insurance, as well as product, professional, and management liability insurance.
- Get a free copy of the StockNews.com research report on Kinsale Capital Group (KNSL)
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