Kinsale Capital Group, Inc. (NYSE:KNSL) Stock Holdings Lifted by Howland Capital Management LLC

Howland Capital Management LLC lifted its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 5.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 96,292 shares of the financial services provider’s stock after buying an additional 4,766 shares during the period. Kinsale Capital Group comprises about 2.4% of Howland Capital Management LLC’s holdings, making the stock its 8th largest position. Howland Capital Management LLC owned approximately 0.42% of Kinsale Capital Group worth $50,528,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of KNSL. Cim LLC purchased a new position in Kinsale Capital Group in the fourth quarter worth $1,934,000. Axiom Investors LLC DE boosted its position in Kinsale Capital Group by 116.3% in the fourth quarter. Axiom Investors LLC DE now owns 44,135 shares of the financial services provider’s stock worth $14,781,000 after purchasing an additional 23,728 shares during the last quarter. Carnegie Capital Asset Management LLC purchased a new position in Kinsale Capital Group in the fourth quarter worth $8,002,000. The Manufacturers Life Insurance Company boosted its position in Kinsale Capital Group by 129.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 44,232 shares of the financial services provider’s stock worth $14,814,000 after purchasing an additional 24,992 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in Kinsale Capital Group in the first quarter worth $196,358,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Insiders Place Their Bets

In other Kinsale Capital Group news, COO Brian D. Haney sold 3,778 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $367.74, for a total value of $1,389,321.72. Following the completion of the sale, the chief operating officer now owns 95,850 shares in the company, valued at approximately $35,247,879. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. upped their price target on Kinsale Capital Group from $400.00 to $420.00 and gave the company a “neutral” rating in a research report on Thursday. 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, April 30th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $425.00 price target (down previously from $555.00) on shares of Kinsale Capital Group in a research report on Monday, April 29th. Compass Point dropped their price target on Kinsale Capital Group from $490.00 to $390.00 and set a “neutral” rating on the stock in a research report on Monday, April 29th. Finally, TD Cowen assumed coverage on Kinsale Capital Group in a research report on Monday, May 20th. They set a “hold” rating and a $403.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $434.00.

Kinsale Capital Group Price Performance

Shares of KNSL traded up $5.26 during midday trading on Thursday, reaching $381.13. The stock had a trading volume of 168,000 shares, compared to its average volume of 185,460. The company’s 50-day moving average is $385.22 and its 200 day moving average is $422.35. Kinsale Capital Group, Inc. has a 12-month low of $325.01 and a 12-month high of $548.47. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $8.87 billion, a price-to-earnings ratio of 25.31 and a beta of 1.06.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, April 25th. The financial services provider reported $3.50 earnings per share for the quarter, beating the consensus estimate of $3.33 by $0.17. The company had revenue of $372.79 million during the quarter, compared to analysts’ expectations of $366.45 million. Kinsale Capital Group had a return on equity of 31.21% and a net margin of 26.33%. Kinsale Capital Group’s quarterly revenue was up 41.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.44 EPS. On average, equities analysts predict that Kinsale Capital Group, Inc. will post 14.94 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Friday, May 31st were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.16%. The ex-dividend date of this dividend was Friday, May 31st. Kinsale Capital Group’s dividend payout ratio (DPR) 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.