Kinsale Capital Group, Inc. $KNSL Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 68.6% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 20,094 shares of the financial services provider’s stock after buying an additional 8,173 shares during the period. Quantinno Capital Management LP’s holdings in Kinsale Capital Group were worth $6,866,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Bayban purchased a new position in shares of Kinsale Capital Group in the fourth quarter valued at approximately $25,000. V Square Quantitative Management LLC acquired a new position in Kinsale Capital Group in the 4th quarter valued at $25,000. International Assets Investment Management LLC acquired a new position in Kinsale Capital Group in the 4th quarter valued at $29,000. Johnson Financial Group Inc. lifted its holdings in 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 valued at $32,000 after purchasing an additional 54 shares in the last quarter. Finally, Larson Financial Group LLC lifted its holdings in Kinsale Capital Group by 225.0% in the 3rd 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 in the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

Kinsale Capital Group Stock Up 2.5%

Shares of KNSL opened at $371.87 on Thursday. The company’s 50-day moving average price is $329.43 and its 200 day moving average price is $347.19. Kinsale Capital Group, Inc. has a 12-month low of $287.20 and a 12-month high of $485.00. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.11. The firm has a market cap of $8.47 billion, a P/E ratio of 15.07, a price-to-earnings-growth ratio of 1.15 and a beta of 0.89.

Kinsale Capital Group (NYSE:KNSL) last announced its earnings results on Thursday, July 23rd. The financial services provider reported $5.54 earnings per share for the quarter, topping the consensus estimate of $5.11 by $0.43. Kinsale Capital Group had a net margin of 28.49% and a return on equity of 25.54%. The company had revenue of $548.52 million during the quarter, compared to analyst estimates of $445.13 million. During the same quarter last year, the firm posted $4.78 earnings per share. Kinsale Capital Group’s revenue was up 16.8% compared to the same quarter last year. On average, sell-side analysts forecast that Kinsale Capital Group, Inc. will post 21.12 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Thursday, May 28th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.3%. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 4.05%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Cantor Fitzgerald dropped their target price on shares of Kinsale Capital Group from $360.00 to $280.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Morgan Stanley lowered their price target on shares of Kinsale Capital Group from $350.00 to $330.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 21st. Weiss Ratings cut shares of Kinsale Capital Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, June 26th. Royal Bank Of Canada cut their price objective on shares of Kinsale Capital Group from $385.00 to $375.00 and set a “sector perform” rating for the company in a report on Monday, April 27th. Finally, Truist Financial decreased their target price on shares of Kinsale Capital Group from $450.00 to $405.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $362.11.

Insider Buying and Selling

In related news, insider Salmaan K. Allibhai sold 250 shares of Kinsale Capital Group stock in a transaction that occurred on 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 in the company, valued at approximately $1,134,214.65. This trade represents a 6.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Christopher R. Tangard bought 330 shares of the business’s stock in a transaction on Monday, June 8th. The stock was purchased at an average cost of $304.00 per share, for a total transaction of $100,320.00. Following the transaction, the chief accounting officer owned 380 shares of the company’s stock, valued at $115,520. This trade represents a 660.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 5.60% of the company’s stock.

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.