Kinsale Capital Group, Inc. $KNSL Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 676.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 5,815 shares of the financial services provider’s stock after purchasing an additional 5,066 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Kinsale Capital Group were worth $2,274,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of KNSL. AQR Capital Management LLC boosted its stake in shares of Kinsale Capital Group by 76.2% during the 1st quarter. AQR Capital Management LLC now owns 835 shares of the financial services provider’s stock worth $397,000 after purchasing an additional 361 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Kinsale Capital Group by 72.9% in the second quarter. EverSource Wealth Advisors LLC now owns 102 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 43 shares during the last quarter. Brown Advisory Inc. boosted its position in shares of Kinsale Capital Group by 7.9% in the second quarter. Brown Advisory Inc. now owns 1,117 shares of the financial services provider’s stock worth $541,000 after acquiring an additional 82 shares during the last quarter. Jump Financial LLC boosted its position in shares of Kinsale Capital Group by 136.9% in the second quarter. Jump Financial LLC now owns 1,097 shares of the financial services provider’s stock worth $531,000 after acquiring an additional 634 shares during the last quarter. Finally, Cerity Partners LLC boosted its position in shares of Kinsale Capital Group by 45.3% in the second quarter. Cerity Partners LLC now owns 5,021 shares of the financial services provider’s stock worth $2,430,000 after acquiring an additional 1,566 shares during the last quarter. 85.36% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Michael P. Kehoe sold 22,576 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $302.66, for a total value of $6,832,852.16. Following the transaction, the chief executive officer owned 308,048 shares in the company, valued at approximately $93,233,807.68. This trade represents a 6.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 5.60% of the company’s stock.

Kinsale Capital Group Price Performance

KNSL opened at $312.28 on Wednesday. Kinsale Capital Group, Inc. has a 1 year low of $293.78 and a 1 year high of $512.76. The company’s 50 day simple moving average is $332.73 and its 200 day simple moving average is $368.36. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.10 and a current ratio of 0.10. The stock has a market capitalization of $7.20 billion, a PE ratio of 13.74, a P/E/G ratio of 1.00 and a beta of 0.95.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $5.11 EPS for the quarter, beating the consensus estimate of $4.70 by $0.41. Kinsale Capital Group had a net margin of 27.48% and a return on equity of 25.82%. The firm had revenue of $466.71 million for the quarter, compared to analyst estimates of $410.25 million. During the same quarter last year, the firm posted $3.71 earnings per share. Kinsale Capital Group’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, sell-side analysts expect that Kinsale Capital Group, Inc. will post 20.58 EPS for the current year.

Kinsale Capital Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 28th will be issued a $0.25 dividend. The ex-dividend date is Thursday, May 28th. This represents a $1.00 annualized dividend and a yield of 0.3%. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 4.40%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on KNSL shares. Royal Bank Of Canada decreased their target price 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. 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 report on Monday, April 27th. Morgan Stanley decreased their target price 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. Cantor Fitzgerald decreased their target price on shares of Kinsale Capital Group from $360.00 to $280.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Finally, Jefferies Financial Group cut shares of Kinsale Capital Group from a “hold” rating to an “underperform” rating and decreased their target price for the stock from $392.00 to $312.00 in a research report on Thursday, March 19th. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $390.18.

Kinsale Capital Group 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.