Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 16.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,678 shares of the financial services provider’s stock after purchasing an additional 668 shares during the period. Janney Montgomery Scott LLC’s holdings in Kinsale Capital Group were worth $2,178,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Benjamin Edwards Inc. lifted its holdings in Kinsale Capital Group by 9.9% in the 2nd quarter. Benjamin Edwards Inc. now owns 267 shares of the financial services provider’s stock worth $103,000 after buying an additional 24 shares in the last quarter. Leibman Financial Services Inc. lifted its stake in shares of Kinsale Capital Group by 0.5% in the third quarter. Leibman Financial Services Inc. now owns 4,562 shares of the financial services provider’s stock worth $2,124,000 after acquiring an additional 24 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in Kinsale Capital Group by 9.2% in the second quarter. Parkside Financial Bank & Trust now owns 331 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 28 shares during the last quarter. CWM LLC increased its holdings in Kinsale Capital Group by 8.8% during the 3rd quarter. CWM LLC now owns 406 shares of the financial services provider’s stock worth $189,000 after purchasing an additional 33 shares during the last quarter. Finally, Hancock Whitney Corp raised its position in shares of Kinsale Capital Group by 3.1% in the 1st quarter. Hancock Whitney Corp now owns 1,245 shares of the financial services provider’s stock valued at $653,000 after purchasing an additional 38 shares in the last quarter. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Kinsale Capital Group Price Performance

Shares of KNSL opened at $471.83 on Wednesday. Kinsale Capital Group, Inc. has a 12 month low of $325.01 and a 12 month high of $548.47. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.09 and a quick ratio of 0.09. The stock has a fifty day moving average price of $458.10 and a 200 day moving average price of $426.54. The company has a market cap of $10.99 billion, a P/E ratio of 27.21, a PEG ratio of 1.97 and a beta of 1.09.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings data 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 business had revenue of $418.06 million for the quarter, compared to analysts’ expectations 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 for the quarter was up 33.0% compared to the same quarter last year. During the same quarter last year, the company earned $3.31 EPS. On average, research analysts forecast that Kinsale Capital Group, Inc. will post 15.52 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.13%. Kinsale Capital Group’s dividend payout ratio is presently 3.42%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wolfe Research raised shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price target for the company in a research report on Monday, October 28th. Jefferies Financial Group boosted their target price on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. reduced their price target on shares of Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Royal Bank of Canada lowered their price objective on Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating for the company in a report on Monday, October 28th. Finally, Truist Financial decreased their target price on Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Kinsale Capital Group presently has a consensus rating of “Hold” and an average price target of $455.88.

About Kinsale Capital Group

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.