Maridea Wealth Management LLC bought a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL – Free Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 4,804 shares of the financial services provider’s stock, valued at approximately $1,584,000.
Other institutional investors have also made changes to their positions in the company. Bayban bought a new stake in Kinsale Capital Group in the 4th quarter valued at $25,000. International Assets Investment Management LLC bought a new position in Kinsale Capital Group during the fourth quarter worth $29,000. Johnson Financial Group Inc. boosted its position in Kinsale Capital Group by 257.1% during the third 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 during the period. Larson Financial Group LLC increased its holdings in shares of Kinsale Capital Group by 225.0% in the third quarter. Larson Financial Group LLC now owns 78 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 54 shares during the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in shares of Kinsale Capital Group in the second quarter valued at $38,000. 85.36% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
KNSL has been the topic of several research analyst reports. Royal Bank Of Canada dropped their price objective on shares of 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. TD Cowen reaffirmed a “hold” rating on shares of Kinsale Capital Group in a report on Tuesday, June 16th. JPMorgan Chase & Co. upped their price target on shares of Kinsale Capital Group from $380.00 to $390.00 and gave the company a “neutral” rating in a research note on Monday, July 20th. Weiss Ratings cut shares of Kinsale Capital Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, June 26th. Finally, Morgan Stanley cut their price objective on shares of 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. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $362.11.
Insider Transactions at Kinsale Capital Group
In other Kinsale Capital Group news, CAO Christopher R. Tangard purchased 330 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were acquired at an average cost of $304.00 per share, with a total value of $100,320.00. Following the completion of the transaction, the chief accounting officer owned 380 shares in the company, valued at $115,520. The trade was a 660.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Salmaan K. Allibhai sold 250 shares of Kinsale Capital Group stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $311.17, for a total transaction 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. This trade represents a 6.42% decrease in their position. The SEC filing for this sale provides additional information. 5.60% of the stock is currently owned by company insiders.
Kinsale Capital Group Stock Performance
Shares of NYSE KNSL opened at $378.88 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a market cap of $8.63 billion, a price-to-earnings ratio of 15.35, a P/E/G ratio of 1.20 and a beta of 0.89. The stock’s fifty day moving average price is $339.76 and its two-hundred day moving average price is $346.14. Kinsale Capital Group, Inc. has a one year low of $287.20 and a one year high of $485.00.
Kinsale Capital Group (NYSE:KNSL – Get Free Report) last posted its earnings results on Thursday, July 23rd. The financial services provider reported $5.54 earnings per share for the quarter, topping analysts’ consensus estimates of $5.11 by $0.43. Kinsale Capital Group had a return on equity of 25.54% and a net margin of 28.49%.The company had revenue of $548.52 million during the quarter, compared to the consensus estimate of $445.13 million. During the same quarter last year, the firm earned $4.78 earnings per share. The company’s revenue was up 16.8% on a year-over-year basis. On average, equities analysts forecast that Kinsale Capital Group, Inc. will post 21.1 EPS for the current year.
Kinsale Capital Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Friday, August 28th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, August 28th. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 4.05%.
Kinsale Capital Group Company Profile
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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