Quantamental Technologies LLC raised its position in Kinsale Capital Group Inc (NASDAQ:KNSL) by 37.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,085 shares of the financial services provider’s stock after purchasing an additional 297 shares during the period. Quantamental Technologies LLC’s holdings in Kinsale Capital Group were worth $99,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the company. Advisor Group Inc. raised its holdings in shares of Kinsale Capital Group by 2,241.7% during the second quarter. Advisor Group Inc. now owns 281 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 269 shares during the period. Quadrant Capital Group LLC bought a new position in shares of Kinsale Capital Group in the first quarter valued at $45,000. SG Americas Securities LLC bought a new position in Kinsale Capital Group in the 1st quarter valued at about $129,000. Bank of Montreal Can purchased a new stake in shares of Kinsale Capital Group in the second quarter worth approximately $169,000. Finally, Ibex Investors LLC purchased a new stake in Kinsale Capital Group in the 2nd quarter valued at $228,000. 83.35% of the stock is currently owned by institutional investors.
Several brokerages have commented on KNSL. SunTrust Banks lifted their price objective on shares of Kinsale Capital Group from $85.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, July 1st. They noted that the move was a valuation call. Zacks Investment Research raised shares of Kinsale Capital Group from a “hold” rating to a “strong-buy” rating and set a $104.00 price target on the stock in a report on Tuesday, August 6th. ValuEngine cut shares of Kinsale Capital Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. BidaskClub downgraded Kinsale Capital Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Finally, JMP Securities started coverage on Kinsale Capital Group in a report on Friday, September 6th. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Kinsale Capital Group presently has a consensus rating of “Buy” and an average target price of $96.00.
Kinsale Capital Group (NASDAQ:KNSL) last released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. The company had revenue of $72.57 million during the quarter, compared to analyst estimates of $69.49 million. Kinsale Capital Group had a net margin of 18.67% and a return on equity of 16.78%. On average, equities research analysts predict that Kinsale Capital Group Inc will post 2.42 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend is Wednesday, August 28th. Kinsale Capital Group’s payout ratio is 17.88%.
In related news, COO Brian D. Haney sold 2,250 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $94.65, for a total value of $212,962.50. Following the sale, the chief operating officer now owns 177,249 shares in the company, valued at $16,776,617.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael P. Kehoe sold 10,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $93.52, for a total value of $935,200.00. Following the completion of the sale, the chief executive officer now owns 357,711 shares in the company, valued at approximately $33,453,132.72. The disclosure for this sale can be found here. Insiders have sold a total of 23,500 shares of company stock valued at $2,195,088 over the last 90 days. Company insiders own 8.30% of the company’s stock.
Kinsale Capital Group Company Profile
Kinsale Capital Group, Inc provides as a casualty and property insurance products in the United States. Its commercial lines offerings include construction, small business, energy, excess and general casualty, life sciences, allied health, health care, commercial property, environmental, public entity, inland marine, and commercial insurance, as well as product, professional, and management liability insurance; and homeowners insurance.
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