Kinsale Capital Group, Inc. $KNSL Stock Holdings Trimmed by GW&K Investment Management LLC

GW&K Investment Management LLC reduced its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 6.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 152,487 shares of the financial services provider’s stock after selling 10,069 shares during the period. GW&K Investment Management LLC’s holdings in Kinsale Capital Group were worth $59,643,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KNSL. AQR Capital Management LLC increased its holdings in Kinsale Capital Group by 76.2% in the first quarter. AQR Capital Management LLC now owns 835 shares of the financial services provider’s stock valued at $397,000 after buying an additional 361 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Kinsale Capital Group by 72.9% in the second quarter. EverSource Wealth Advisors LLC now owns 102 shares of the financial services provider’s stock valued at $49,000 after buying an additional 43 shares during the last quarter. Brown Advisory Inc. increased its holdings in Kinsale Capital Group by 7.9% in the second quarter. Brown Advisory Inc. now owns 1,117 shares of the financial services provider’s stock valued at $541,000 after buying an additional 82 shares during the last quarter. Jump Financial LLC increased its holdings in Kinsale Capital Group by 136.9% in the second quarter. Jump Financial LLC now owns 1,097 shares of the financial services provider’s stock valued at $531,000 after buying an additional 634 shares during the last quarter. Finally, Cerity Partners LLC increased its holdings in Kinsale Capital Group by 45.3% in the second quarter. Cerity Partners LLC now owns 5,021 shares of the financial services provider’s stock valued at $2,430,000 after buying an additional 1,566 shares during the last quarter. 85.36% of the stock is owned by institutional investors.

Insider Activity

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

Analysts Set New Price Targets

Several brokerages recently weighed in on KNSL. Royal Bank Of Canada lowered their price objective on Kinsale Capital Group from $385.00 to $375.00 and set a “sector perform” rating for the company in a report on Monday, April 27th. Wall Street Zen lowered Kinsale Capital Group from a “hold” rating to a “sell” rating in a report on Saturday. BMO Capital Markets lowered Kinsale Capital Group from a “market perform” rating to an “underperform” rating and set a $348.00 price objective for the company. in a report on Wednesday, February 25th. Truist Financial lowered their target price on Kinsale Capital Group from $450.00 to $405.00 and set a “buy” rating for the company in a report on Monday, April 27th. Finally, JPMorgan Chase & Co. lowered their target price on Kinsale Capital Group from $450.00 to $410.00 and set a “neutral” rating for the company in a report on Monday, February 23rd. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $390.18.

Trending Headlines about Kinsale Capital Group

Here are the key news stories impacting Kinsale Capital Group this week:

• Positive Sentiment: Kinsale’s Chief Accounting Officer, Christopher R. Tangard, bought 330 shares at $304 each, lifting his direct ownership by 660%. Insider purchases are often viewed as a vote of confidence in the company’s outlook. SEC Form 4 filing
• Positive Sentiment: Zacks Research published upbeat commentary on Kinsale’s excess & surplus insurance business, saying the segment is driving premium growth, underwriting profitability, and market share gains. Zacks article
• Neutral Sentiment: Zacks Research slightly lowered near-term and longer-term EPS estimates for Kinsale, but the changes were very small and the forecasts still remain above the current-year consensus of $20.54 per share.
• Neutral Sentiment: An investing article highlighted a bullish value thesis on Kinsale, reinforcing positive sentiment, though it did not include any new company-specific catalyst. InsiderMonkey article

Kinsale Capital Group Stock Up 1.4%

NYSE:KNSL opened at $303.26 on Wednesday. The firm has a market capitalization of $6.99 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 0.97 and a beta of 0.91. The stock has a 50 day moving average of $325.72 and a 200-day moving average of $361.99. Kinsale Capital Group, Inc. has a 52 week low of $287.20 and a 52 week high of $512.76. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.11.

Kinsale Capital Group (NYSE:KNSL) last posted its earnings results on Thursday, April 23rd. The financial services provider reported $5.11 EPS for the quarter, beating the consensus estimate of $4.70 by $0.41. The company had revenue of $466.71 million during the quarter, compared to analyst estimates of $410.25 million. Kinsale Capital Group had a return on equity of 25.82% and a net margin of 27.48%.The business’s revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the company earned $3.71 earnings per share. Analysts predict that Kinsale Capital Group, Inc. will post 20.54 EPS for the current year.

Kinsale Capital Group Announces Dividend

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

Kinsale Capital Group Profile

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.