Maridea Wealth Management LLC acquired a new position in Kinsale Capital Group, Inc. (NYSE:KNSL – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,396 shares of the financial services provider’s stock, valued at approximately $1,160,000.
Several other large investors also recently added to or reduced their stakes in the business. V Square Quantitative Management LLC purchased a new stake in Kinsale Capital Group during the fourth quarter valued at approximately $25,000. Bayban purchased a new position in shares of Kinsale Capital Group during the 4th quarter worth $25,000. eCIO Inc. bought a new stake in shares of Kinsale Capital Group during the 4th quarter valued at $29,000. International Assets Investment Management LLC bought a new stake in shares of Kinsale Capital Group during the 4th quarter valued at $29,000. Finally, Johnson Financial Group Inc. increased its stake in shares of Kinsale Capital Group by 257.1% in the 3rd quarter. Johnson Financial Group Inc. now owns 75 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 54 shares in the last quarter. 85.36% of the stock is currently owned by institutional investors.
Kinsale Capital Group Stock Up 6.3%
Shares of KNSL stock opened at $327.79 on Friday. 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, Inc. has a one year low of $287.20 and a one year high of $512.76. The company’s fifty day moving average price is $315.58 and its 200-day moving average price is $356.09. The company has a market capitalization of $7.56 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 1.06 and a beta of 0.91.
Kinsale Capital Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Thursday, May 28th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Thursday, May 28th. Kinsale Capital Group’s payout ratio is presently 4.40%.
Insider Transactions at Kinsale Capital Group
In other Kinsale Capital Group news, CAO Christopher R. Tangard acquired 330 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was purchased 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 directly owned 380 shares in the company, valued at approximately $115,520. The trade was a 660.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Salmaan K. Allibhai sold 250 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $311.17, for a total value of $77,792.50. Following the sale, the insider owned 3,645 shares of the company’s stock, valued at $1,134,214.65. This represents a 6.42% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 5.60% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts recently commented on the company. Jefferies Financial Group cut Kinsale Capital Group from a “hold” rating to an “underperform” rating and decreased their target price for the stock from $392.00 to $312.00 in a report on Thursday, March 19th. Wall Street Zen upgraded Kinsale Capital Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Wells Fargo & Company downgraded Kinsale Capital Group from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $420.00 to $357.00 in a research note on Monday, April 27th. Royal Bank Of Canada lowered their price objective on Kinsale Capital Group from $385.00 to $375.00 and set a “sector perform” rating on the stock in a research report on Monday, April 27th. Finally, Weiss Ratings downgraded Kinsale Capital Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $374.90.
Read Our Latest Report on KNSL
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.
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