Hills Bank & Trust Co Buys New Stake in Kinsale Capital Group, Inc. (NYSE:KNSL)

Hills Bank & Trust Co acquired a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,022 shares of the financial services provider’s stock, valued at approximately $342,000.

Other institutional investors have also modified their holdings of the company. Janney Montgomery Scott LLC increased its position in shares of Kinsale Capital Group by 1.9% in the third quarter. Janney Montgomery Scott LLC now owns 1,554 shares of the financial services provider’s stock valued at $643,000 after buying an additional 29 shares in the last quarter. Pearl River Capital LLC raised its position in Kinsale Capital Group by 5.2% during the third quarter. Pearl River Capital LLC now owns 604 shares of the financial services provider’s stock worth $250,000 after acquiring an additional 30 shares during the last quarter. Blackhawk Capital Partners LLC. lifted its holdings in shares of Kinsale Capital Group by 1.1% in the fourth quarter. Blackhawk Capital Partners LLC. now owns 2,655 shares of the financial services provider’s stock valued at $889,000 after purchasing an additional 30 shares in the last quarter. Fifth Third Bancorp grew its position in shares of Kinsale Capital Group by 7.2% in the third quarter. Fifth Third Bancorp now owns 479 shares of the financial services provider’s stock valued at $198,000 after purchasing an additional 32 shares during the last quarter. Finally, Harbor Investment Advisory LLC increased its stake in shares of Kinsale Capital Group by 17.9% during the 4th quarter. Harbor Investment Advisory LLC now owns 231 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 35 shares in the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

Insider Activity

In related news, CEO Michael P. Kehoe sold 4,000 shares of Kinsale Capital Group stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $523.73, for a total transaction of $2,094,920.00. Following the completion of the transaction, the chief executive officer now directly owns 303,972 shares of the company’s stock, valued at approximately $159,199,255.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Michael P. Kehoe sold 4,000 shares of the firm’s stock in a transaction that occurred 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 owns 303,972 shares of the company’s stock, valued at $159,199,255.56. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Frederick L. Jr. Russell sold 2,000 shares of the company’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 transaction, the director now directly owns 887 shares in the company, valued at approximately $464,867.83. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,778 shares of company stock worth $4,532,422. Corporate insiders own 5.60% of the company’s stock.

Kinsale Capital Group Stock Performance

KNSL traded down $4.46 on Thursday, hitting $381.61. The company had a trading volume of 177,723 shares, compared to its average volume of 205,138. 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 0.16, a current ratio of 0.12 and a quick ratio of 0.12. The company’s fifty day moving average price is $468.60 and its 200 day moving average price is $412.18. The stock has a market cap of $8.88 billion, a price-to-earnings ratio of 25.36 and a beta of 0.98.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings results on Thursday, April 25th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.33 by $0.17. Kinsale Capital Group had a net margin of 26.33% and a return on equity of 31.21%. The company had revenue of $372.79 million during the quarter, compared to analysts’ expectations of $366.45 million. During the same period in the prior year, the company earned $2.44 earnings per share. The business’s quarterly revenue was up 41.7% compared to the same quarter last year. Equities analysts predict that Kinsale Capital Group, Inc. will post 15.03 earnings per share for the current fiscal year.

Kinsale Capital Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Tuesday, February 27th were paid a dividend of $0.15 per share. The ex-dividend date was Monday, February 26th. This represents a $0.60 dividend on an annualized basis and a yield of 0.16%. This is an increase from Kinsale Capital Group’s previous quarterly dividend of $0.14. Kinsale Capital Group’s payout ratio is currently 3.99%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on KNSL shares. Truist Financial reduced their price target on Kinsale Capital Group from $600.00 to $440.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. Compass Point dropped their price target on shares of Kinsale Capital Group from $490.00 to $390.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. Royal Bank of Canada reissued a “sector perform” rating and issued a $425.00 price objective (down from $555.00) on shares of Kinsale Capital Group in a research report on Monday, April 29th. BMO Capital Markets dropped their target price on Kinsale Capital Group from $544.00 to $453.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 30th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Kinsale Capital Group from $375.00 to $420.00 and gave the stock a “neutral” rating in a report on Monday, February 26th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Kinsale Capital Group presently has an average rating of “Hold” and a consensus target price of $438.43.

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.