Lowe Brockenbrough & Co. Inc. Grows Stock Holdings in Kinsale Capital Group, Inc. $KNSL

Lowe Brockenbrough & Co. Inc. boosted its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 46.9% during the first quarter, Holdings Channel reports. The firm owned 10,273 shares of the financial services provider’s stock after purchasing an additional 3,279 shares during the quarter. Lowe Brockenbrough & Co. Inc.’s holdings in Kinsale Capital Group were worth $3,510,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Isthmus Partners LLC bought a new position in shares of Kinsale Capital Group during the 4th quarter valued at $8,110,000. Life Cycle Investment Partners Ltd purchased a new position in shares of Kinsale Capital Group in the 4th quarter worth $229,653,000. Tudor Investment Corp ET AL grew its holdings in shares of Kinsale Capital Group by 7,444.2% in the third quarter. Tudor Investment Corp ET AL now owns 37,721 shares of the financial services provider’s stock worth $16,041,000 after acquiring an additional 37,221 shares during the period. Stephens Investment Management Group LLC grew its holdings in shares of Kinsale Capital Group by 37.7% in the fourth quarter. Stephens Investment Management Group LLC now owns 208,075 shares of the financial services provider’s stock worth $81,382,000 after acquiring an additional 56,916 shares during the period. Finally, Handelsbanken Fonder AB increased its position in Kinsale Capital Group by 9.6% during the fourth quarter. Handelsbanken Fonder AB now owns 57,000 shares of the financial services provider’s stock valued at $22,294,000 after acquiring an additional 5,000 shares during the last quarter. Institutional investors own 85.36% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on KNSL shares. Morgan Stanley lowered their target price on Kinsale Capital Group from $350.00 to $330.00 and set an “equal weight” rating on the stock in a report on Thursday, May 21st. Royal Bank Of Canada cut their price target on Kinsale Capital Group from $385.00 to $375.00 and set a “sector perform” rating for the company in a research note on Monday, April 27th. TD Cowen reaffirmed a “hold” rating on shares of Kinsale Capital Group in a research report on Tuesday, June 16th. Cantor Fitzgerald lowered their price objective on shares of Kinsale Capital Group from $360.00 to $280.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Finally, Wall Street Zen raised shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $375.80.

Insider Activity

In other news, CEO Michael P. Kehoe sold 22,576 shares of Kinsale Capital Group stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $302.66, for a total transaction of $6,832,852.16. Following the transaction, the chief executive officer directly 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 Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Christopher R. Tangard acquired 330 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were bought at an average price of $304.00 per share, with a total value of $100,320.00. Following the completion of the purchase, the chief accounting officer owned 380 shares in the company, valued at $115,520. This trade represents a 660.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 5.60% of the company’s stock.

Kinsale Capital Group Trading Down 0.1%

NYSE:KNSL opened at $343.49 on Monday. Kinsale Capital Group, Inc. has a one year low of $287.20 and a one year high of $512.76. The business has a fifty day moving average price of $317.62 and a 200-day moving average price of $350.92. The firm has a market capitalization of $7.92 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 1.11 and a beta of 0.90. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.10 and a quick ratio of 0.10.

Kinsale Capital Group (NYSE:KNSL) last released 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. Kinsale Capital Group had a return on equity of 25.82% and a net margin of 27.48%.The company had revenue of $466.71 million for the quarter, compared to the consensus estimate of $410.25 million. During the same period in the previous year, the business earned $3.71 earnings per share. Kinsale Capital Group’s quarterly revenue was down .5% compared to the same quarter last year. Sell-side analysts forecast that Kinsale Capital Group, Inc. will post 20.71 EPS for the current year.

Kinsale Capital Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Thursday, May 28th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Thursday, May 28th. 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.