Hardy Reed LLC Buys Shares of 458 Kinsale Capital Group, Inc. (NYSE:KNSL)

Hardy Reed LLC purchased a new position in Kinsale Capital Group, Inc. (NYSE:KNSL) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 458 shares of the financial services provider’s stock, valued at approximately $213,000.

Other large investors also recently modified their holdings of the company. ORG Wealth Partners LLC purchased a new position in Kinsale Capital Group in the third quarter worth about $26,000. UMB Bank n.a. boosted its holdings in shares of Kinsale Capital Group by 408.3% in the third quarter. UMB Bank n.a. now owns 61 shares of the financial services provider’s stock worth $28,000 after buying an additional 49 shares during the last quarter. Trust Co. of Vermont grew its position in Kinsale Capital Group by 113.6% during the second quarter. Trust Co. of Vermont now owns 94 shares of the financial services provider’s stock valued at $36,000 after buying an additional 50 shares during the period. Signaturefd LLC grew its position in Kinsale Capital Group by 68.9% during the third quarter. Signaturefd LLC now owns 103 shares of the financial services provider’s stock valued at $48,000 after buying an additional 42 shares during the period. Finally, Massmutual Trust Co. FSB ADV increased its holdings in Kinsale Capital Group by 225.7% during the third quarter. Massmutual Trust Co. FSB ADV now owns 114 shares of the financial services provider’s stock valued at $53,000 after buying an additional 79 shares during the last quarter. Institutional investors 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 business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $499.31, for a total value of $2,216,936.40. Following the sale, the director now owns 447 shares in the company, valued at approximately $223,191.57. The trade was a 90.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.60% of the stock is owned by corporate insiders.

Kinsale Capital Group Stock Up 1.1 %

NYSE KNSL opened at $512.04 on Wednesday. Kinsale Capital Group, Inc. has a 12 month low of $325.01 and a 12 month high of $548.47. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.13. The stock has a market cap of $11.93 billion, a PE ratio of 29.19, a P/E/G ratio of 2.15 and a beta of 1.09. The stock’s 50 day moving average is $462.44 and its 200 day moving average is $434.56.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share for the quarter, topping analysts’ consensus estimates of $3.60 by $0.60. The firm had revenue of $418.06 million during 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 for the quarter was up 33.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.31 earnings per share. Research analysts predict that Kinsale Capital Group, Inc. will post 15.67 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.15 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.12%. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.42%.

Wall Street Analyst Weigh In

KNSL has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. Wolfe Research raised Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price target for the company in a report on Monday, October 28th. Royal Bank of Canada decreased their price objective on Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a research note on Monday, October 28th. BMO Capital Markets boosted their price objective on Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a research note on Thursday, November 21st. Finally, Truist Financial decreased their target price on shares of Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Kinsale Capital Group currently has a consensus rating of “Hold” and a consensus target price of $456.88.

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.