J2 Capital Management Inc Acquires Shares of 971 Kinsale Capital Group, Inc. (NYSE:KNSL)

J2 Capital Management Inc purchased a new stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 971 shares of the financial services provider’s stock, valued at approximately $452,000.

Other hedge funds have also modified their holdings of the company. Benjamin Edwards Inc. boosted its position in Kinsale Capital Group by 9.9% in the 2nd quarter. Benjamin Edwards Inc. now owns 267 shares of the financial services provider’s stock valued at $103,000 after buying an additional 24 shares during the last quarter. Leibman Financial Services Inc. boosted its holdings in Kinsale Capital Group by 0.5% in the third quarter. Leibman Financial Services Inc. now owns 4,562 shares of the financial services provider’s stock valued at $2,124,000 after acquiring an additional 24 shares during the last quarter. CWM LLC boosted its holdings in Kinsale Capital Group by 8.8% in the third quarter. CWM LLC now owns 406 shares of the financial services provider’s stock valued at $189,000 after acquiring an additional 33 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its position in Kinsale Capital Group by 5.1% in the third quarter. Fifth Third Wealth Advisors LLC now owns 763 shares of the financial services provider’s stock worth $355,000 after purchasing an additional 37 shares during the period. Finally, RiverPark Advisors LLC raised its holdings in Kinsale Capital Group by 3.6% during the 3rd quarter. RiverPark Advisors LLC now owns 1,180 shares of the financial services provider’s stock worth $549,000 after purchasing an additional 41 shares during the last quarter. 85.36% of the stock is owned by institutional investors.

Insider Transactions at Kinsale Capital Group

In other news, EVP Diane D. Schnupp sold 500 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $510.00, for a total value of $255,000.00. Following the completion of the sale, the executive vice president now owns 6,994 shares of the company’s stock, valued at approximately $3,566,940. This represents a 6.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James Joseph Ritchie sold 2,295 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $499.79, for a total transaction of $1,147,018.05. Following the completion of the transaction, the director now directly owns 7,348 shares of the company’s stock, valued at $3,672,456.92. This represents a 23.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,235 shares of company stock worth $3,618,954 in the last three months. Insiders own 5.60% of the company’s stock.

Kinsale Capital Group Trading Down 0.3 %

NYSE:KNSL opened at $436.86 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.09 and a quick ratio of 0.09. Kinsale Capital Group, Inc. has a fifty-two week low of $355.12 and a fifty-two week high of $548.47. The business’s 50-day simple moving average is $473.52 and its 200-day simple moving average is $456.72. The stock has a market capitalization of $10.17 billion, a PE ratio of 24.91, a price-to-earnings-growth ratio of 1.52 and a beta of 1.16.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.20 EPS for the quarter, beating analysts’ consensus estimates of $3.60 by $0.60. The company had revenue of $418.06 million for the quarter, compared to analyst estimates of $359.43 million. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. The company’s quarterly revenue was up 33.0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.31 earnings per share. Sell-side analysts expect that Kinsale Capital Group, Inc. will post 15.66 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $0.15 per share. The ex-dividend date was Friday, November 29th. This represents a $0.60 annualized dividend and a yield of 0.14%. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.42%.

Analysts Set New Price Targets

KNSL has been the topic of several recent research reports. Wolfe Research raised shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 target price on the stock in a research note on Monday, October 28th. Morgan Stanley started coverage on shares of Kinsale Capital Group in a research note on Thursday, December 5th. They issued an “overweight” rating and a $593.00 price objective on the stock. BMO Capital Markets upped their target price on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a research report on Thursday, November 21st. Royal Bank of Canada reduced their price target on Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a research report on Monday, October 28th. Finally, Truist Financial dropped their price objective on Kinsale Capital Group from $500.00 to $480.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $468.89.

Kinsale Capital Group 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.