Cwm LLC Sells 76 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Cwm LLC lessened its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 26.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210 shares of the financial services provider’s stock after selling 76 shares during the quarter. Cwm LLC’s holdings in Kinsale Capital Group were worth $70,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Anchor Investment Management LLC acquired a new position in shares of Kinsale Capital Group during the fourth quarter valued at about $25,000. Emerald Advisers LLC acquired a new position in Kinsale Capital Group during the 3rd quarter valued at about $33,000. Beacon Capital Management LLC bought a new stake in Kinsale Capital Group during the 4th quarter worth approximately $33,000. Arlington Trust Co LLC purchased a new stake in shares of Kinsale Capital Group in the fourth quarter worth approximately $54,000. Finally, Milestone Investment Advisors LLC bought a new position in shares of Kinsale Capital Group in the third quarter valued at approximately $58,000. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on KNSL shares. Compass Point decreased their price target on Kinsale Capital Group from $490.00 to $390.00 and set a “neutral” rating for the company in a report on Monday, April 29th. BMO Capital Markets reduced their target price on shares of Kinsale Capital Group from $544.00 to $453.00 and set a “market perform” rating for the company in a research note on Tuesday, April 30th. Truist Financial dropped their price target on shares of Kinsale Capital Group from $600.00 to $440.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $425.00 price objective (down from $555.00) on shares of Kinsale Capital Group in a research report on Monday, April 29th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Kinsale Capital Group from $375.00 to $420.00 and gave the company a “neutral” rating in a research note on Monday, February 26th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Kinsale Capital Group presently has an average rating of “Hold” and a consensus target price of $438.43.

Insider Buying and Selling

In other news, Director Frederick L. Jr. Russell sold 2,000 shares of Kinsale Capital Group stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $524.09, for a total value of $1,048,180.00. Following the completion of the transaction, the director now owns 887 shares in the company, valued at $464,867.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Kinsale Capital Group news, CEO Michael P. Kehoe sold 4,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $523.73, for a total value of $2,094,920.00. Following the completion of the transaction, the chief executive officer now owns 303,972 shares in the company, valued at approximately $159,199,255.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Frederick L. Jr. Russell sold 2,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $524.09, for a total value of $1,048,180.00. Following the sale, the director now owns 887 shares in the company, valued at $464,867.83. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,778 shares of company stock valued at $4,532,422. 5.60% of the stock is owned by insiders.

Kinsale Capital Group Stock Performance

NYSE KNSL opened at $385.86 on Thursday. The company has a market capitalization of $8.98 billion, a PE ratio of 25.64 and a beta of 0.98. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.12 and a current ratio of 0.12. Kinsale Capital Group, Inc. has a 52-week low of $297.33 and a 52-week high of $548.47. The company has a 50-day simple moving average of $471.28 and a 200 day simple moving average of $412.39.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings results on Thursday, April 25th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.33 by $0.17. Kinsale Capital Group had a net margin of 26.33% and a return on equity of 31.21%. The company had revenue of $372.79 million during the quarter, compared to analyst estimates of $366.45 million. During the same quarter last year, the business posted $2.44 EPS. Kinsale Capital Group’s quarterly revenue was up 41.7% compared to the same quarter last year. On average, research analysts predict that Kinsale Capital Group, Inc. will post 15.03 EPS for the current year.

Kinsale Capital Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Tuesday, February 27th were paid a dividend of $0.15 per share. This is an increase from Kinsale Capital Group’s previous quarterly dividend of $0.14. The ex-dividend date was Monday, February 26th. This represents a $0.60 annualized dividend and a dividend yield of 0.16%. Kinsale Capital Group’s dividend payout ratio is presently 3.99%.

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.