Paragon Capital Management Inc. Has $1.60 Million Stock Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Paragon Capital Management Inc. lowered its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 2.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,441 shares of the financial services provider’s stock after selling 85 shares during the period. Paragon Capital Management Inc.’s holdings in Kinsale Capital Group were worth $1,602,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Vaughan Nelson Investment Management L.P. acquired a new stake in Kinsale Capital Group in the first quarter valued at approximately $196,358,000. Jackson Square Partners LLC bought a new position in shares of Kinsale Capital Group during the 1st quarter valued at $48,035,000. Champlain Investment Partners LLC lifted its stake in shares of Kinsale Capital Group by 58.9% in the 1st quarter. Champlain Investment Partners LLC now owns 243,474 shares of the financial services provider’s stock valued at $127,761,000 after purchasing an additional 90,209 shares during the last quarter. Natixis Investment Managers International bought a new stake in Kinsale Capital Group in the first quarter worth $35,850,000. Finally, Artemis Investment Management LLP acquired a new position in Kinsale Capital Group during the second quarter worth $25,476,000. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on KNSL. Truist Financial boosted their price target on Kinsale Capital Group from $485.00 to $530.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. JPMorgan Chase & Co. decreased their target price on Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. Wolfe Research downgraded Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a report on Monday, September 16th. Oppenheimer initiated coverage on shares of Kinsale Capital Group in a research note on Friday, July 12th. They issued a “market perform” rating for the company. Finally, Jefferies Financial Group raised their target price on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $446.00.

Kinsale Capital Group Trading Up 1.2 %

Shares of Kinsale Capital Group stock opened at $471.40 on Thursday. The company has a market cap of $10.97 billion, a price-to-earnings ratio of 31.32, a PEG ratio of 2.05 and a beta of 1.08. Kinsale Capital Group, Inc. has a 1 year low of $325.01 and a 1 year high of $548.47. The company’s fifty 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.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $3.75 EPS for the quarter, beating analysts’ consensus estimates of $3.52 by $0.23. Kinsale Capital Group had a net margin of 26.08% and a return on equity of 30.33%. The business had revenue of $384.55 million during the quarter, compared to analyst estimates of $410.20 million. During the same quarter in the prior year, the business earned $2.88 earnings per share. The firm’s revenue for the quarter was up 30.0% on a year-over-year basis. As a group, sell-side analysts expect that Kinsale Capital Group, Inc. will post 15.31 EPS for the current year.

Kinsale Capital Group Announces Dividend

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

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.