Arrowstreet Capital Limited Partnership Has $7.21 Million Stock Holdings in Kinsale Capital Group, Inc. $KNSL

Arrowstreet Capital Limited Partnership lifted its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 125.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,891 shares of the financial services provider’s stock after purchasing an additional 8,272 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Kinsale Capital Group were worth $7,206,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in KNSL. Quantbot Technologies LP increased its holdings in shares of Kinsale Capital Group by 392.7% during the second quarter. Quantbot Technologies LP now owns 15,672 shares of the financial services provider’s stock worth $7,584,000 after buying an additional 12,491 shares in the last quarter. Sepio Capital LP boosted its stake in Kinsale Capital Group by 7.4% in the second quarter. Sepio Capital LP now owns 1,180 shares of the financial services provider’s stock worth $571,000 after purchasing an additional 81 shares in the last quarter. Giverny Capital Inc. grew its holdings in shares of Kinsale Capital Group by 5.4% during the second quarter. Giverny Capital Inc. now owns 179,153 shares of the financial services provider’s stock worth $86,692,000 after purchasing an additional 9,186 shares during the last quarter. Ceredex Value Advisors LLC bought a new stake in shares of Kinsale Capital Group during the second quarter worth $32,034,000. Finally, Norges Bank bought a new stake in Kinsale Capital Group during the 2nd quarter worth about $125,812,000. 85.36% of the stock is owned by institutional investors and hedge funds.

Kinsale Capital Group Stock Up 1.7%

Shares of NYSE KNSL opened at $378.26 on Thursday. The stock’s fifty day moving average is $411.12 and its 200 day moving average is $441.69. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.09 and a current ratio of 0.09. Kinsale Capital Group, Inc. has a 52 week low of $349.00 and a 52 week high of $521.13. The stock has a market capitalization of $8.80 billion, a P/E ratio of 18.58, a PEG ratio of 1.33 and a beta of 0.96.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, October 23rd. The financial services provider reported $5.21 EPS for the quarter, topping the consensus estimate of $4.79 by $0.42. The firm had revenue of $497.51 million during the quarter, compared to the consensus estimate of $446.00 million. Kinsale Capital Group had a return on equity of 25.66% and a net margin of 26.30%.The business’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.20 earnings per share. Sell-side analysts forecast that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Friday, November 28th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.68 annualized dividend and a dividend yield of 0.2%. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.34%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on KNSL. Weiss Ratings restated a “hold (c)” rating on shares of Kinsale Capital Group in a research report on Monday. JPMorgan Chase & Co. lowered their target price on shares of Kinsale Capital Group from $460.00 to $450.00 and set a “neutral” rating for the company in a report on Monday, October 27th. Wall Street Zen cut Kinsale Capital Group from a “hold” rating to a “sell” rating in a research note on Saturday, December 6th. TD Cowen lowered their price objective on shares of Kinsale Capital Group from $448.00 to $442.00 and set a “hold” rating on the stock in a report on Tuesday, November 4th. Finally, Morgan Stanley cut their price target on shares of Kinsale Capital Group from $490.00 to $480.00 and set an “overweight” rating for the company in a research note on Monday, November 17th. Three research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $483.78.

Kinsale Capital Group Company 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.