Public Employees Retirement System of Ohio Makes New $2.08 Million Investment in Kinsale Capital Group, Inc. $KNSL

Public Employees Retirement System of Ohio acquired a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,309 shares of the financial services provider’s stock, valued at approximately $2,081,000.

A number of other hedge funds also recently made changes to their positions in KNSL. Bayban acquired a new position in shares of Kinsale Capital Group during the fourth quarter worth $25,000. International Assets Investment Management LLC acquired a new stake in Kinsale Capital Group during the 4th quarter valued at $29,000. Johnson Financial Group Inc. increased its stake in Kinsale Capital Group by 257.1% during the 3rd quarter. Johnson Financial Group Inc. now owns 75 shares of the financial services provider’s stock worth $32,000 after buying an additional 54 shares during the period. Larson Financial Group LLC increased its stake in Kinsale Capital Group by 225.0% during the 3rd quarter. Larson Financial Group LLC now owns 78 shares of the financial services provider’s stock worth $33,000 after buying an additional 54 shares during the period. Finally, Darwin Wealth Management LLC purchased a new stake in Kinsale Capital Group during the 2nd quarter worth $38,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Stock Down 0.1%

NYSE:KNSL opened at $372.86 on Monday. The company has a market capitalization of $8.49 billion, a price-to-earnings ratio of 15.11, a price-to-earnings-growth ratio of 1.18 and a beta of 0.89. Kinsale Capital Group, Inc. has a one year low of $287.20 and a one year high of $485.00. The stock has a 50-day simple moving average of $361.07 and a 200 day simple moving average of $344.17. 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 (NYSE:KNSL) last announced its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $5.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.11 by $0.43. Kinsale Capital Group had a return on equity of 25.54% and a net margin of 28.49%.The firm had revenue of $548.52 million for the quarter, compared to analysts’ expectations of $445.13 million. During the same quarter in the prior year, the firm posted $4.78 earnings per share. Kinsale Capital Group’s revenue for the quarter was up 16.8% compared to the same quarter last year. Sell-side analysts predict that Kinsale Capital Group, Inc. will post 21.1 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Friday, August 28th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, August 28th. Kinsale Capital Group’s payout ratio is 4.05%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Kinsale Capital Group from $380.00 to $390.00 and gave the company a “neutral” rating in a research report on Monday, July 20th. TD Cowen reaffirmed a “hold” rating on shares of Kinsale Capital Group in a research report on Tuesday, June 16th. Morgan Stanley boosted their price target on Kinsale Capital Group from $345.00 to $390.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 19th. Wells Fargo & Company increased their price target on Kinsale Capital Group from $366.00 to $377.00 and gave the company an “equal weight” rating in a report on Monday, July 27th. Finally, Wall Street Zen upgraded Kinsale Capital Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Kinsale Capital Group currently has a consensus rating of “Reduce” and an average price target of $368.78.

Kinsale Capital Group Company Profile

Kinsale Capital Group, Inc (NYSE:KNSL) is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company’s product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.