KBC Group NV Grows Stock Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

KBC Group NV raised its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 11.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 968 shares of the financial services provider’s stock after buying an additional 100 shares during the quarter. KBC Group NV’s holdings in Kinsale Capital Group were worth $471,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Artemis Investment Management LLP lifted its holdings in shares of Kinsale Capital Group by 43.9% during the first quarter. Artemis Investment Management LLP now owns 80,924 shares of the financial services provider’s stock worth $39,387,000 after purchasing an additional 24,681 shares during the period. Transcend Capital Advisors LLC lifted its holdings in shares of Kinsale Capital Group by 30.6% during the first quarter. Transcend Capital Advisors LLC now owns 832 shares of the financial services provider’s stock worth $405,000 after purchasing an additional 195 shares during the period. Diversified Trust Co lifted its holdings in shares of Kinsale Capital Group by 14.7% during the first quarter. Diversified Trust Co now owns 4,785 shares of the financial services provider’s stock worth $2,329,000 after purchasing an additional 612 shares during the period. Moran Wealth Management LLC lifted its holdings in shares of Kinsale Capital Group by 5.6% during the first quarter. Moran Wealth Management LLC now owns 6,936 shares of the financial services provider’s stock worth $3,376,000 after purchasing an additional 368 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its holdings in shares of Kinsale Capital Group by 0.7% during the first quarter. Oppenheimer & Co. Inc. now owns 7,505 shares of the financial services provider’s stock worth $3,653,000 after purchasing an additional 51 shares during the period. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KNSL has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their target price on Kinsale Capital Group from $402.00 to $400.00 and set a “neutral” rating for the company in a report on Monday, April 28th. Truist Financial decreased their target price on Kinsale Capital Group from $525.00 to $500.00 and set a “buy” rating for the company in a report on Monday, April 28th. Morgan Stanley raised their target price on Kinsale Capital Group from $490.00 to $525.00 and gave the stock an “overweight” rating in a report on Monday, May 19th. Bank of America initiated coverage on Kinsale Capital Group in a report on Friday, June 20th. They set a “buy” rating and a $543.00 target price on the stock. Finally, Wall Street Zen raised Kinsale Capital Group from a “sell” rating to a “hold” rating in a report on Sunday, June 22nd. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $491.88.

Insider Buying and Selling

In other news, EVP Diane D. Schnupp sold 1,398 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $472.00, for a total value of $659,856.00. Following the transaction, the executive vice president owned 6,646 shares in the company, valued at $3,136,912. This trade represents a 17.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 5.50% of the company’s stock.

Kinsale Capital Group Stock Up 1.4%

Shares of KNSL opened at $479.60 on Friday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.12. Kinsale Capital Group, Inc. has a 12 month low of $366.92 and a 12 month high of $531.79. The stock’s 50 day moving average is $463.85 and its two-hundred day moving average is $458.91. The firm has a market cap of $11.18 billion, a P/E ratio of 27.59, a PEG ratio of 1.77 and a beta of 1.19.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $3.71 EPS for the quarter, beating the consensus estimate of $3.15 by $0.56. Kinsale Capital Group had a return on equity of 26.36% and a net margin of 24.73%. The company had revenue of $423.40 million for the quarter, compared to analyst estimates of $425.73 million. During the same period last year, the company earned $3.50 earnings per share. Kinsale Capital Group’s quarterly revenue was up 7.9% compared to the same quarter last year. Analysts predict that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 30th were issued a $0.17 dividend. This represents a yield of 0.15%. The ex-dividend date of this dividend was Thursday, May 29th. Kinsale Capital Group’s payout ratio is currently 3.91%.

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.