Duality Advisers LP Reduces Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Duality Advisers LP lessened its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 2.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,740 shares of the financial services provider’s stock after selling 120 shares during the period. Duality Advisers LP’s holdings in Kinsale Capital Group were worth $1,587,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of KNSL. CWM LLC lifted its stake in Kinsale Capital Group by 9.6% during the 3rd quarter. CWM LLC now owns 286 shares of the financial services provider’s stock valued at $118,000 after acquiring an additional 25 shares during the period. Janney Montgomery Scott LLC lifted its stake in Kinsale Capital Group by 1.9% during 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 during the period. Pearl River Capital LLC lifted its stake in Kinsale Capital Group by 5.2% during the 3rd quarter. Pearl River Capital LLC now owns 604 shares of the financial services provider’s stock valued at $250,000 after acquiring an additional 30 shares during the period. Blackhawk Capital Partners LLC. lifted its stake in Kinsale Capital Group by 1.1% during the 4th quarter. Blackhawk Capital Partners LLC. now owns 2,655 shares of the financial services provider’s stock valued at $889,000 after acquiring an additional 30 shares during the period. Finally, Fifth Third Bancorp lifted its stake in shares of Kinsale Capital Group by 7.2% in the 3rd quarter. Fifth Third Bancorp now owns 479 shares of the financial services provider’s stock valued at $198,000 after purchasing an additional 32 shares during the period. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KNSL. BMO Capital Markets cut shares of Kinsale Capital Group from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $434.00 to $544.00 in a research note on Wednesday, February 28th. Truist Financial upped their target price on shares of Kinsale Capital Group from $450.00 to $600.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. JPMorgan Chase & Co. upped their target price on shares of Kinsale Capital Group from $375.00 to $420.00 and gave the stock a “neutral” rating in a report on Monday, February 26th. Finally, Royal Bank of Canada upped their target price on shares of Kinsale Capital Group from $410.00 to $555.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Kinsale Capital Group has a consensus rating of “Hold” and an average target price of $510.00.

Insider Transactions at Kinsale Capital Group

In other news, Director Frederick L. Jr. Russell sold 2,000 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $524.09, for a total transaction of $1,048,180.00. Following the sale, the director now owns 887 shares of the company’s stock, valued at $464,867.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Michael P. Kehoe sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $523.73, for a total value of $2,094,920.00. Following the sale, the chief executive officer now owns 303,972 shares of the company’s stock, valued at $159,199,255.56. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Frederick L. Jr. Russell sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $524.09, for a total transaction of $1,048,180.00. Following the completion of the sale, the director now directly owns 887 shares in the company, valued at approximately $464,867.83. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company’s stock.

Kinsale Capital Group Trading Up 2.6 %

Shares of KNSL opened at $463.49 on Tuesday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.17. Kinsale Capital Group, Inc. has a 12-month low of $297.33 and a 12-month high of $548.47. The firm has a 50-day moving average price of $492.26 and a 200 day moving average price of $415.54. The firm has a market capitalization of $10.75 billion, a P/E ratio of 35.09 and a beta of 0.89.

Kinsale Capital Group (NYSE:KNSL) last announced its earnings results on Friday, February 16th. The financial services provider reported $3.87 earnings per share for the quarter, topping the consensus estimate of $3.44 by $0.43. The company had revenue of $351.17 million during the quarter, compared to analyst estimates of $367.98 million. Kinsale Capital Group had a net margin of 25.29% and a return on equity of 31.52%. Kinsale Capital Group’s revenue was up 41.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.60 earnings per share. Sell-side analysts forecast that Kinsale Capital Group, Inc. will post 15.26 EPS for the current year.

Kinsale Capital Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Tuesday, February 27th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.13%. The ex-dividend date of this dividend was Monday, February 26th. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.14. Kinsale Capital Group’s dividend payout ratio (DPR) is 4.54%.

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.