Bennett Selby Investments LP Acquires 294 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Bennett Selby Investments LP lifted its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 18.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,903 shares of the financial services provider’s stock after buying an additional 294 shares during the period. Bennett Selby Investments LP’s holdings in Kinsale Capital Group were worth $885,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in KNSL. State Street Corp increased its position in shares of Kinsale Capital Group by 1.3% in the third quarter. State Street Corp now owns 689,386 shares of the financial services provider’s stock worth $320,957,000 after purchasing an additional 8,954 shares during the period. Geode Capital Management LLC raised its position in shares of Kinsale Capital Group by 5.9% in the 3rd quarter. Geode Capital Management LLC now owns 528,708 shares of the financial services provider’s stock valued at $246,810,000 after buying an additional 29,686 shares in the last quarter. Geneva Capital Management LLC lifted its holdings in shares of Kinsale Capital Group by 1.3% during the 3rd quarter. Geneva Capital Management LLC now owns 407,831 shares of the financial services provider’s stock worth $189,874,000 after acquiring an additional 5,207 shares during the period. Copeland Capital Management LLC boosted its position in shares of Kinsale Capital Group by 0.3% during the 3rd quarter. Copeland Capital Management LLC now owns 231,303 shares of the financial services provider’s stock worth $107,687,000 after acquiring an additional 685 shares in the last quarter. Finally, DF Dent & Co. Inc. increased its stake in Kinsale Capital Group by 3.0% in the third quarter. DF Dent & Co. Inc. now owns 226,614 shares of the financial services provider’s stock valued at $105,505,000 after acquiring an additional 6,679 shares during the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

Insider Activity at Kinsale Capital Group

In related news, Director Frederick L. Jr. Russell sold 4,440 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $499.31, for a total transaction of $2,216,936.40. Following the transaction, the director now directly owns 447 shares of the company’s stock, valued at $223,191.57. This trade represents a 90.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James Joseph Ritchie sold 2,295 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $499.79, for a total value of $1,147,018.05. Following the completion of the transaction, the director now owns 7,348 shares in the company, valued at $3,672,456.92. The trade was a 23.80 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,235 shares of company stock valued at $3,618,954. 5.60% of the stock is owned by company insiders.

Kinsale Capital Group Trading Down 0.2 %

Shares of KNSL stock opened at $432.09 on Friday. Kinsale Capital Group, Inc. has a fifty-two week low of $355.12 and a fifty-two week high of $548.47. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a 50 day simple moving average of $470.50 and a two-hundred day simple moving average of $457.72. The company has a market cap of $10.06 billion, a P/E ratio of 24.63, a PEG ratio of 1.61 and a beta of 1.16.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.60 by $0.60. The business had revenue of $418.06 million for the quarter, compared to analyst estimates of $359.43 million. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. Kinsale Capital Group’s revenue was up 33.0% on a year-over-year basis. During the same period in the prior year, the firm earned $3.31 earnings per share. Research analysts forecast that Kinsale Capital Group, Inc. will post 15.67 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date of this dividend was Friday, November 29th. Kinsale Capital Group’s payout ratio is 3.42%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Truist Financial cut their target price on Kinsale Capital Group from $500.00 to $480.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Morgan Stanley assumed coverage on 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. JPMorgan Chase & Co. lowered their target price on Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Royal Bank of Canada decreased their price target on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a report on Monday, October 28th. Finally, Jefferies Financial Group increased their price target on Kinsale Capital Group from $444.00 to $471.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $468.89.

About Kinsale Capital Group

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.