Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Sold by Xponance Inc.

Xponance Inc. lowered its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,808 shares of the financial services provider’s stock after selling 138 shares during the period. Xponance Inc.’s holdings in Kinsale Capital Group were worth $1,610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of KNSL. Invesco Ltd. raised its position in shares of Kinsale Capital Group by 15.4% during the 3rd quarter. Invesco Ltd. now owns 694,070 shares of the financial services provider’s stock worth $287,435,000 after acquiring an additional 92,496 shares in the last quarter. DAVENPORT & Co LLC grew its stake in Kinsale Capital Group by 154.5% during the 4th quarter. DAVENPORT & Co LLC now owns 326,378 shares of the financial services provider’s stock worth $109,362,000 after buying an additional 198,129 shares during the last quarter. Royal London Asset Management Ltd. grew its stake in Kinsale Capital Group by 4,798.0% during the 3rd quarter. Royal London Asset Management Ltd. now owns 245,684 shares of the financial services provider’s stock worth $101,692,000 after buying an additional 240,668 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Kinsale Capital Group by 0.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 217,546 shares of the financial services provider’s stock worth $90,092,000 after buying an additional 1,018 shares during the last quarter. Finally, Copeland Capital Management LLC grew its stake in Kinsale Capital Group by 4.6% during the 4th quarter. Copeland Capital Management LLC now owns 201,138 shares of the financial services provider’s stock worth $67,363,000 after buying an additional 8,803 shares during the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

Insider Transactions at Kinsale Capital Group

In other news, Director Frederick L. Jr. Russell sold 2,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $524.09, for a total value of $1,048,180.00. Following the completion of the transaction, the director now directly owns 887 shares of the company’s stock, valued at $464,867.83. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Frederick L. Jr. Russell sold 2,000 shares of Kinsale Capital Group stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $524.09, for a total value of $1,048,180.00. Following the completion of the sale, the director now owns 887 shares of the company’s stock, valued at $464,867.83. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael P. Kehoe sold 4,000 shares of Kinsale Capital Group stock in a transaction on Monday, March 4th. The shares were sold at an average price of $523.73, for a total value of $2,094,920.00. Following the completion of the sale, the chief executive officer now directly owns 303,972 shares of the company’s stock, valued at approximately $159,199,255.56. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

Kinsale Capital Group Stock Performance

Shares of KNSL stock opened at $463.80 on Wednesday. The stock has a fifty day moving average price of $493.30 and a 200 day moving average price of $415.77. The stock has a market cap of $10.76 billion, a PE ratio of 35.11 and a beta of 0.89. Kinsale Capital Group, Inc. has a 1 year low of $297.33 and a 1 year high of $548.47. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.12 and a current ratio of 0.12.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings data on Friday, February 16th. The financial services provider reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.44 by $0.43. The firm had revenue of $351.17 million during the quarter, compared to analysts’ expectations of $367.98 million. Kinsale Capital Group had a return on equity of 31.52% and a net margin of 25.29%. Kinsale Capital Group’s revenue was up 41.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.60 earnings per share. Sell-side analysts forecast that Kinsale Capital Group, Inc. will post 15.26 earnings per share for the current fiscal year.

Kinsale Capital Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Tuesday, February 27th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.13%. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.14. The ex-dividend date was Monday, February 26th. Kinsale Capital Group’s payout ratio is 4.54%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on KNSL. JPMorgan Chase & Co. raised their price target on Kinsale Capital Group from $375.00 to $420.00 and gave the stock a “neutral” rating in a research note on Monday, February 26th. Royal Bank of Canada lifted their target price on Kinsale Capital Group from $410.00 to $555.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. BMO Capital Markets downgraded Kinsale Capital Group from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $434.00 to $544.00 in a research note on Wednesday, February 28th. Finally, Truist Financial lifted their target price on Kinsale Capital Group from $450.00 to $600.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Kinsale Capital Group presently has a consensus rating of “Hold” and an average target price of $510.00.

About Kinsale Capital Group

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.