Strategic Advisors LLC Makes New Investment in Kinsale Capital Group, Inc. (NYSE:KNSL)

Strategic Advisors LLC bought a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 493 shares of the financial services provider’s stock, valued at approximately $259,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Anchor Investment Management LLC bought a new position in shares of Kinsale Capital Group during the 4th quarter worth about $25,000. Beacon Capital Management LLC bought a new position in shares of Kinsale Capital Group during the 4th quarter worth about $33,000. Brown Brothers Harriman & Co. bought a new position in shares of Kinsale Capital Group during the 4th quarter worth about $33,000. Quarry LP bought a new position in shares of Kinsale Capital Group during the 4th quarter worth about $40,000. Finally, Principal Securities Inc. bought a new position in shares of Kinsale Capital Group during the 4th quarter worth about $44,000. Institutional investors own 85.36% of the company’s stock.

Insider Transactions at Kinsale Capital Group

In other news, COO Brian D. Haney sold 3,778 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $367.74, for a total transaction of $1,389,321.72. Following the transaction, the chief operating officer now directly owns 95,850 shares in the company, valued at $35,247,879. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

KNSL has been the topic of several research reports. Compass Point dropped their price objective on shares of Kinsale Capital Group from $490.00 to $390.00 and set a “neutral” rating on the stock in a report on Monday, April 29th. Royal Bank of Canada reissued a “sector perform” rating and issued a $425.00 target price (down previously from $555.00) on shares of Kinsale Capital Group in a research note on Monday, April 29th. BMO Capital Markets lowered their target price on shares of Kinsale Capital Group from $544.00 to $453.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 30th. TD Cowen initiated coverage on shares of Kinsale Capital Group in a research note on Monday, May 20th. They issued a “hold” rating and a $403.00 target price on the stock. Finally, Truist Financial lowered 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 research note on Monday, April 29th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Kinsale Capital Group currently has an average rating of “Hold” and a consensus price target of $434.00.

Kinsale Capital Group Price Performance

Shares of KNSL stock traded down $1.41 during trading hours on Friday, reaching $381.21. 25,211 shares of the company were exchanged, compared to its average volume of 186,215. Kinsale Capital Group, Inc. has a fifty-two week low of $325.01 and a fifty-two week high of $548.47. The stock’s fifty day moving average is $384.43 and its two-hundred day moving average is $420.60. The company has a market cap of $8.87 billion, a price-to-earnings ratio of 25.42 and a beta of 1.06. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.12 and a quick ratio of 0.12.

Kinsale Capital Group (NYSE:KNSL) last announced 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 net margin of 26.33% and a return on equity of 31.21%. The company had revenue of $372.79 million for the quarter, compared to analyst estimates of $366.45 million. During the same period in the prior year, the business earned $2.44 earnings per share. Kinsale Capital Group’s quarterly revenue was up 41.7% on a year-over-year basis. Sell-side analysts forecast that Kinsale Capital Group, Inc. will post 14.94 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Friday, May 31st were given a dividend of $0.15 per share. The ex-dividend date was Friday, May 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.16%. Kinsale Capital Group’s payout ratio is 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.