Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Sold by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC trimmed its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 34.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,040 shares of the financial services provider’s stock after selling 1,081 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in Kinsale Capital Group were worth $683,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Royal London Asset Management Ltd. grew its holdings in shares of Kinsale Capital Group by 4,798.0% during the third quarter. Royal London Asset Management Ltd. now owns 245,684 shares of the financial services provider’s stock worth $101,692,000 after purchasing an additional 240,668 shares during the last quarter. DAVENPORT & Co LLC grew its stake in Kinsale Capital Group by 154.5% during the 4th quarter. DAVENPORT & Co LLC now owns 326,378 shares of the financial services provider’s stock worth $109,362,000 after buying an additional 198,129 shares during the last quarter. International Assets Investment Management LLC increased its position in Kinsale Capital Group by 33,266.0% during the fourth quarter. International Assets Investment Management LLC now owns 178,842 shares of the financial services provider’s stock worth $59,896,000 after buying an additional 178,306 shares during the period. Invesco Ltd. lifted its stake in Kinsale Capital Group by 15.4% in the third quarter. Invesco Ltd. now owns 694,070 shares of the financial services provider’s stock valued at $287,435,000 after buying an additional 92,496 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Kinsale Capital Group by 32.6% in the third quarter. Envestnet Asset Management Inc. now owns 109,822 shares of the financial services provider’s stock valued at $45,481,000 after buying an additional 27,015 shares during the last quarter. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Kinsale Capital Group

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on KNSL shares. Truist Financial cut their target price on shares of Kinsale Capital Group from $600.00 to $440.00 and set a “buy” rating on the stock in a report on Monday. JPMorgan Chase & Co. lifted their price objective on shares of Kinsale Capital Group from $375.00 to $420.00 and gave the company a “neutral” rating in a research note on Monday, February 26th. Compass Point decreased their target price 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. BMO Capital Markets dropped 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. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $425.00 price objective (down from $555.00) on shares of Kinsale Capital Group in a research report on Monday. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $438.43.

Kinsale Capital Group Trading Up 1.5 %

NYSE KNSL opened at $363.25 on Wednesday. Kinsale Capital Group, Inc. has a 52-week low of $297.33 and a 52-week high of $548.47. The firm has a 50-day moving average price of $486.01 and a 200 day moving average price of $414.46. The stock has a market capitalization of $8.42 billion, a P/E ratio of 24.14 and a beta of 0.89. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.16.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, April 25th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.33 by $0.17. Kinsale Capital Group had a return on equity of 31.21% and a net margin of 26.33%. The business had revenue of $372.79 million during the quarter, compared to the consensus estimate of $366.45 million. During the same period in the prior year, the business posted $2.44 EPS. The company’s revenue for the quarter was up 41.7% on a year-over-year basis. Equities research analysts expect that Kinsale Capital Group, Inc. will post 15.27 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 given a dividend of $0.15 per share. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 0.17%. The ex-dividend date of this dividend was Monday, February 26th. Kinsale Capital Group’s payout ratio is presently 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.