Kinsale Capital Group, Inc. (NYSE:KNSL) Short Interest Down 7.1% in September

Kinsale Capital Group, Inc. (NYSE:KNSL) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totalling 1,170,000 shares, a decrease of 7.1% from the September 15th total of 1,260,000 shares. Based on an average daily trading volume, of 160,200 shares, the short-interest ratio is currently 7.3 days. Currently, 5.3% of the company’s stock are short sold.

Kinsale Capital Group Stock Up 1.2 %

KNSL stock opened at $471.40 on Thursday. Kinsale Capital Group has a 1-year low of $325.01 and a 1-year high of $548.47. The business’s 50 day simple moving average is $469.67 and its 200 day simple moving average is $427.83. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $10.97 billion, a PE ratio of 31.32, a PEG ratio of 2.05 and a beta of 1.08.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $3.75 EPS for the quarter, beating the consensus estimate 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 company’s quarterly revenue was up 30.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.88 earnings per share. As a group, research analysts anticipate that Kinsale Capital Group will post 15.31 EPS for the current year.

Kinsale Capital Group Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on KNSL shares. Royal Bank of Canada upped their target price on Kinsale Capital Group from $425.00 to $455.00 and gave the stock a “sector perform” rating in a report on Monday, July 29th. Jefferies Financial Group upped their price objective on Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Truist Financial raised their target price on shares of Kinsale Capital Group from $485.00 to $530.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Oppenheimer started coverage on shares of Kinsale Capital Group in a report on Friday, July 12th. They set a “market perform” rating on the stock. Finally, Wolfe Research cut shares of Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, September 16th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $446.00.

Institutional Investors Weigh In On Kinsale Capital Group

Several hedge funds have recently bought and sold shares of KNSL. Headlands Technologies LLC bought a new position in shares of Kinsale Capital Group during the first quarter worth approximately $25,000. ORG Wealth Partners LLC acquired a new position in Kinsale Capital Group in the 3rd quarter valued at $26,000. UMB Bank n.a. increased its position in Kinsale Capital Group by 408.3% during the 3rd quarter. UMB Bank n.a. now owns 61 shares of the financial services provider’s stock worth $28,000 after buying an additional 49 shares during the period. Trust Co. of Vermont lifted its holdings in shares of 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 buying an additional 50 shares in the last quarter. Finally, Quarry LP bought a new stake in shares of Kinsale Capital Group in the fourth quarter valued at about $40,000. 85.36% of the stock is currently owned by institutional investors and hedge funds.

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.