Fiduciary Trust Co Purchases New Shares in Kinsale Capital Group, Inc. (NYSE:KNSL)

Fiduciary Trust Co acquired a new position in Kinsale Capital Group, Inc. (NYSE:KNSL) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 500 shares of the financial services provider’s stock, valued at approximately $233,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cetera Investment Advisers raised its holdings in Kinsale Capital Group by 148.9% in the first quarter. Cetera Investment Advisers now owns 5,021 shares of the financial services provider’s stock worth $2,635,000 after purchasing an additional 3,004 shares in the last quarter. Cetera Advisors LLC bought a new position in shares of Kinsale Capital Group in the 1st quarter worth about $383,000. DekaBank Deutsche Girozentrale purchased a new position in Kinsale Capital Group during the 1st quarter valued at about $312,000. EverSource Wealth Advisors LLC boosted its stake in Kinsale Capital Group by 713.3% during the first quarter. EverSource Wealth Advisors LLC now owns 122 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 107 shares in the last quarter. Finally, Transcend Capital Advisors LLC grew its holdings in Kinsale Capital Group by 50.0% in the second quarter. Transcend Capital Advisors LLC now owns 612 shares of the financial services provider’s stock worth $236,000 after purchasing an additional 204 shares during the period. 85.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Truist Financial dropped their price target on Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. BMO Capital Markets increased their target price on Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. lowered their price target 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. Jefferies Financial Group increased their price objective on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, Royal Bank of Canada decreased their target price on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating for the company in a report on Monday, October 28th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $456.88.

Insider Transactions at Kinsale Capital Group

In other news, Director Frederick L. Jr. Russell sold 4,440 shares of Kinsale Capital Group stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $499.31, for a total transaction of $2,216,936.40. Following the transaction, the director now directly owns 447 shares of the company’s stock, valued at $223,191.57. The trade was a 90.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.60% of the company’s stock.

Kinsale Capital Group Stock Performance

Shares of KNSL opened at $508.44 on Monday. The firm has a market capitalization of $11.84 billion, a P/E ratio of 28.99, a PEG ratio of 2.16 and a beta of 1.09. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.09 and a quick ratio of 0.09. Kinsale Capital Group, Inc. has a one year low of $325.01 and a one year high of $548.47. The business has a fifty day moving average of $466.06 and a 200 day moving average of $437.40.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.60 by $0.60. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. The business had revenue of $418.06 million during the quarter, compared to the consensus estimate of $359.43 million. During the same period in the previous year, the company posted $3.31 EPS. The business’s quarterly revenue was up 33.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kinsale Capital Group, Inc. will post 15.52 EPS for the current year.

Kinsale Capital Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.60 annualized dividend and a yield of 0.12%. Kinsale Capital Group’s payout ratio is presently 3.42%.

About Kinsale Capital Group

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.