Goldman Sachs Group Inc. Has $97.57 Million Stock Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Goldman Sachs Group Inc. raised its position in Kinsale Capital Group, Inc. (NYSE:KNSLFree Report) by 5.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 291,339 shares of the financial services provider’s stock after acquiring an additional 15,718 shares during the period. Goldman Sachs Group Inc. owned about 1.26% of Kinsale Capital Group worth $97,572,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in KNSL. Janney Montgomery Scott LLC grew its holdings in shares of Kinsale Capital Group by 1.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 1,554 shares of the financial services provider’s stock valued at $643,000 after acquiring an additional 29 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Kinsale Capital Group by 42.8% during the 3rd quarter. Van ECK Associates Corp now owns 4,618 shares of the financial services provider’s stock worth $1,912,000 after purchasing an additional 1,384 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of Kinsale Capital Group by 2.3% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 2,500 shares of the financial services provider’s stock worth $1,035,000 after purchasing an additional 56 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of Kinsale Capital Group by 8.2% in the 3rd quarter. HighTower Advisors LLC now owns 2,558 shares of the financial services provider’s stock valued at $1,048,000 after buying an additional 193 shares during the last quarter. Finally, Wealth Alliance bought a new position in shares of Kinsale Capital Group in the third quarter valued at $209,000. 85.36% of the stock is owned by institutional investors.

Kinsale Capital Group Price Performance

Shares of Kinsale Capital Group stock opened at $382.39 on Tuesday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $8.90 billion, a price-to-earnings ratio of 25.41 and a beta of 1.07. Kinsale Capital Group, Inc. has a twelve month low of $325.01 and a twelve month high of $548.47. The company has a 50-day simple moving average of $408.36 and a two-hundred day simple moving average of $416.13.

Kinsale Capital Group (NYSE:KNSLGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The financial services provider reported $3.50 earnings per share for the quarter, beating analysts’ consensus estimates of $3.33 by $0.17. Kinsale Capital Group had a net margin of 26.33% and a return on equity of 31.21%. The company had revenue of $372.79 million during the quarter, compared to the consensus estimate of $366.45 million. During the same period in the previous year, the business earned $2.44 earnings per share. The firm’s quarterly revenue was up 41.7% on a year-over-year basis. Analysts forecast that Kinsale Capital Group, Inc. will post 14.96 EPS for the current year.

Kinsale Capital Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 31st will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date is Friday, May 31st. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.99%.

Insider Activity at Kinsale Capital Group

In other Kinsale Capital Group news, COO Brian D. Haney sold 3,778 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $367.74, for a total transaction of $1,389,321.72. Following the sale, the chief operating officer now directly owns 95,850 shares in the company, valued at $35,247,879. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Compass Point cut their price target on shares of Kinsale Capital Group from $490.00 to $390.00 and set a “neutral” rating for the company in a research note on Monday, April 29th. BMO Capital Markets lowered their price target on Kinsale Capital Group from $544.00 to $453.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 30th. JPMorgan Chase & Co. raised their price objective on Kinsale Capital Group from $375.00 to $420.00 and gave the company a “neutral” rating in a research report on Monday, February 26th. TD Cowen began coverage on Kinsale Capital Group in a report on Monday, May 20th. They set a “hold” rating and a $403.00 target price on the stock. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $425.00 price target (down previously from $555.00) on shares of Kinsale Capital Group in a report on Monday, April 29th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Kinsale Capital Group presently has a consensus rating of “Hold” and an average target price of $434.00.

Read Our Latest Research Report on Kinsale Capital Group

Kinsale Capital Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kinsale Capital Group (NYSE:KNSL)

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