Intrinsic Value Partners LLC Acquires 1,600 Shares of Kinsale Capital Group, Inc. $KNSL

Intrinsic Value Partners LLC boosted its holdings in Kinsale Capital Group, Inc. (NYSE:KNSLFree Report) by 28.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,291 shares of the financial services provider’s stock after purchasing an additional 1,600 shares during the quarter. Kinsale Capital Group makes up approximately 1.9% of Intrinsic Value Partners LLC’s holdings, making the stock its 18th biggest position. Intrinsic Value Partners LLC’s holdings in Kinsale Capital Group were worth $2,491,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in Kinsale Capital Group during the fourth quarter valued at approximately $25,000. Bayban bought a new stake in Kinsale Capital Group in the 4th quarter worth approximately $25,000. eCIO Inc. purchased a new stake in shares of Kinsale Capital Group during the 4th quarter worth approximately $29,000. International Assets Investment Management LLC purchased a new stake in shares of Kinsale Capital Group during the 4th quarter worth approximately $29,000. Finally, Johnson Financial Group Inc. boosted its position in shares of Kinsale Capital Group by 257.1% during the 3rd quarter. Johnson Financial Group Inc. now owns 75 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 54 shares during the last quarter. 85.36% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kinsale Capital Group

In other news, CEO Michael P. Kehoe sold 22,576 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $302.66, for a total transaction of $6,832,852.16. Following the transaction, the chief executive officer owned 308,048 shares in the company, valued at approximately $93,233,807.68. This trade represents a 6.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Salmaan K. Allibhai sold 250 shares of Kinsale Capital Group stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $311.17, for a total value of $77,792.50. Following the completion of the sale, the insider owned 3,645 shares of the company’s stock, valued at $1,134,214.65. The trade was a 6.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 5.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

KNSL has been the topic of several research reports. Wall Street Zen upgraded shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Cantor Fitzgerald decreased their target price on shares of Kinsale Capital Group from $360.00 to $280.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Morgan Stanley dropped their price target on Kinsale Capital Group from $350.00 to $330.00 and set an “equal weight” rating for the company in a research report on Thursday, May 21st. Royal Bank Of Canada decreased 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, TD Cowen reaffirmed a “hold” rating on shares of Kinsale Capital Group in a research note on Tuesday, June 16th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $374.90.

View Our Latest Analysis on Kinsale Capital Group

Kinsale Capital Group Price Performance

Kinsale Capital Group stock opened at $353.92 on Monday. The stock has a market cap of $8.16 billion, a price-to-earnings ratio of 15.58, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. 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 1 year low of $287.20 and a 1 year high of $512.76. The firm has a 50-day moving average of $314.14 and a two-hundred day moving average of $354.66.

Kinsale Capital Group (NYSE:KNSLGet Free Report) last issued its earnings results on Thursday, April 23rd. The financial services provider reported $5.11 EPS for the quarter, topping analysts’ consensus estimates of $4.70 by $0.41. Kinsale Capital Group had a net margin of 27.48% and a return on equity of 25.82%. The business had revenue of $466.71 million for the quarter, compared to the consensus estimate of $410.25 million. During the same period in the prior year, the firm earned $3.71 EPS. The company’s revenue for the quarter was down .5% compared to the same quarter last year. On average, research analysts forecast that Kinsale Capital Group, Inc. will post 20.65 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Thursday, May 28th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.3%. The ex-dividend date was Thursday, May 28th. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 4.40%.

Kinsale Capital Group Profile

(Free Report)

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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Institutional Ownership by Quarter for Kinsale Capital Group (NYSE:KNSL)

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