Capital World Investors Grows Stock Holdings in Kinsale Capital Group, Inc. $KNSL

Capital World Investors boosted its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 117.4% in the 4th quarter, Holdings Channel reports. The fund owned 987,844 shares of the financial services provider’s stock after purchasing an additional 533,499 shares during the period. Capital World Investors’ holdings in Kinsale Capital Group were worth $386,366,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in Kinsale Capital Group in the 4th quarter worth approximately $25,000. eCIO Inc. acquired a new position in shares of Kinsale Capital Group in the 4th quarter valued at $29,000. International Assets Investment Management LLC acquired a new position in shares of Kinsale Capital Group in the 4th quarter valued at $29,000. Johnson Financial Group Inc. boosted its holdings in shares of Kinsale Capital Group by 257.1% in the 3rd quarter. Johnson Financial Group Inc. now owns 75 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 54 shares during the last quarter. Finally, Larson Financial Group LLC boosted its holdings in shares of Kinsale Capital Group by 225.0% in the 3rd quarter. Larson Financial Group LLC now owns 78 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 54 shares during the last quarter. 85.36% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kinsale Capital Group

In related news, CEO Michael P. Kehoe sold 22,576 shares of Kinsale Capital Group stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $302.66, for a total transaction of $6,832,852.16. Following the sale, the chief executive officer owned 308,048 shares of the company’s stock, valued at $93,233,807.68. The trade was a 6.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Salmaan K. Allibhai sold 250 shares of Kinsale Capital Group stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $311.17, for a total transaction of $77,792.50. Following the sale, the insider directly owned 3,645 shares in the company, valued at $1,134,214.65. This trade represents a 6.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

KNSL has been the topic of a number of research analyst reports. Truist Financial decreased their price target on shares of Kinsale Capital Group from $450.00 to $405.00 and set a “buy” rating on the stock in a report on Monday, April 27th. JPMorgan Chase & Co. decreased their price target on shares of Kinsale Capital Group from $450.00 to $410.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd. Jefferies Financial Group lowered shares of Kinsale Capital Group from a “hold” rating to an “underperform” rating and decreased their price target for the company from $392.00 to $312.00 in a report on Thursday, March 19th. BMO Capital Markets lowered shares of Kinsale Capital Group from a “market perform” rating to an “underperform” rating and set a $348.00 price target on the stock. in a report on Wednesday, February 25th. Finally, Wall Street Zen lowered shares of Kinsale Capital Group from a “hold” rating to a “sell” rating in a report on Saturday. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Kinsale Capital Group currently has a consensus rating of “Hold” and a consensus price target of $390.18.

Kinsale Capital Group Stock Performance

NYSE:KNSL opened at $298.61 on Tuesday. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $6.89 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 0.99 and a beta of 0.91. The firm’s fifty day simple moving average is $326.22 and its 200 day simple moving average is $362.52. Kinsale Capital Group, Inc. has a twelve month low of $287.20 and a twelve month high of $512.76.

Kinsale Capital Group (NYSE:KNSL) last posted its earnings results on Thursday, April 23rd. The financial services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $4.70 by $0.41. The business had revenue of $466.71 million for the quarter, compared to analyst estimates of $410.25 million. Kinsale Capital Group had a net margin of 27.48% and a return on equity of 25.82%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.71 EPS. As a group, equities research analysts expect that Kinsale Capital Group, Inc. will post 20.54 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 28th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, May 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.3%. Kinsale Capital Group’s payout ratio is presently 4.40%.

About Kinsale Capital Group

Kinsale Capital Group, Inc (NYSE:KNSL) is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company’s product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.