Sepio Capital LP Has $427,000 Stock Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Sepio Capital LP boosted its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 68.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,107 shares of the financial services provider’s stock after purchasing an additional 448 shares during the quarter. Sepio Capital LP’s holdings in Kinsale Capital Group were worth $427,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in KNSL. Headlands Technologies LLC acquired a new stake in shares of Kinsale Capital Group during the 1st quarter worth approximately $25,000. Brown Brothers Harriman & Co. bought a new position in Kinsale Capital Group during the fourth quarter worth $33,000. Trust Co. of Vermont boosted its stake in Kinsale Capital Group by 113.6% during the second quarter. Trust Co. of Vermont now owns 94 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 50 shares in the last quarter. Quarry LP acquired a new stake in Kinsale Capital Group in the fourth quarter worth $40,000. Finally, EverSource Wealth Advisors LLC increased its stake in Kinsale Capital Group by 713.3% in the first quarter. EverSource Wealth Advisors LLC now owns 122 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 107 shares in the last quarter. 85.36% of the stock is owned by institutional investors and hedge funds.

Kinsale Capital Group Stock Up 2.6 %

Shares of NYSE:KNSL opened at $461.38 on Friday. The stock has a market cap of $10.74 billion, a price-to-earnings ratio of 30.66, a PEG ratio of 2.02 and a beta of 1.08. The business’s 50 day moving average is $458.52 and its 200 day moving average is $432.93. Kinsale Capital Group, Inc. has a 12-month low of $325.01 and a 12-month high of $548.47. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.15.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $3.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.52 by $0.23. The firm had revenue of $384.55 million for the quarter, compared to the consensus estimate of $410.20 million. Kinsale Capital Group had a net margin of 26.08% and a return on equity of 30.33%. The business’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.88 EPS. On average, sell-side analysts forecast that Kinsale Capital Group, Inc. will post 15.31 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date was Thursday, August 29th. Kinsale Capital Group’s payout ratio is 3.99%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Kinsale Capital Group from $400.00 to $420.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Wolfe Research lowered Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a report on Monday, September 16th. Oppenheimer assumed coverage on Kinsale Capital Group in a report on Friday, July 12th. They set a “market perform” rating for the company. Truist Financial increased their target price on Kinsale Capital Group from $485.00 to $530.00 and gave the stock a “buy” rating in a report on Friday. Finally, Royal Bank of Canada boosted their price target on shares of Kinsale Capital Group from $425.00 to $455.00 and gave the company a “sector perform” rating in a research note on Monday, July 29th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Kinsale Capital Group currently has a consensus rating of “Hold” and an average target price of $438.71.

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.