Zurcher Kantonalbank Zurich Cantonalbank decreased its position in Kinsale Capital Group Inc (NASDAQ:KNSL) by 39.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,554 shares of the financial services provider’s stock after selling 1,005 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Kinsale Capital Group were worth $107,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Kinsale Capital Group by 19.5% in the fourth quarter. BlackRock Inc. now owns 1,619,686 shares of the financial services provider’s stock valued at $89,989,000 after buying an additional 264,220 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Kinsale Capital Group by 0.7% in the third quarter. Vanguard Group Inc. now owns 920,512 shares of the financial services provider’s stock valued at $58,783,000 after buying an additional 6,834 shares during the period. Tygh Capital Management Inc. lifted its holdings in shares of Kinsale Capital Group by 5.0% in the fourth quarter. Tygh Capital Management Inc. now owns 308,236 shares of the financial services provider’s stock valued at $17,126,000 after buying an additional 14,801 shares during the period. Northern Trust Corp lifted its holdings in shares of Kinsale Capital Group by 4.5% in the fourth quarter. Northern Trust Corp now owns 281,540 shares of the financial services provider’s stock valued at $15,643,000 after buying an additional 12,223 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Kinsale Capital Group by 6.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 276,564 shares of the financial services provider’s stock valued at $15,365,000 after buying an additional 17,045 shares during the period. Institutional investors and hedge funds own 82.89% of the company’s stock.
Several brokerages have recently weighed in on KNSL. Zacks Investment Research lowered Kinsale Capital Group from a “hold” rating to a “sell” rating in a report on Tuesday, February 12th. BidaskClub raised Kinsale Capital Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 27th. Royal Bank of Canada upped their target price on Kinsale Capital Group from $70.00 to $84.00 and gave the company an “outperform” rating in a report on Monday, May 6th. TheStreet downgraded Kinsale Capital Group from a “b” rating to a “c+” rating in a report on Friday, February 22nd. Finally, SunTrust Banks upped their target price on Kinsale Capital Group to $75.00 and gave the company a “buy” rating in a report on Monday, February 25th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $83.67.
Shares of NASDAQ KNSL traded up $1.34 during mid-day trading on Friday, hitting $85.40. 37,930 shares of the company traded hands, compared to its average volume of 73,026. Kinsale Capital Group Inc has a 1 year low of $50.34 and a 1 year high of $87.85. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 47.71 and a beta of 0.85.
Kinsale Capital Group (NASDAQ:KNSL) last announced its earnings results on Thursday, May 2nd. The financial services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.50 by $0.14. Kinsale Capital Group had a return on equity of 16.77% and a net margin of 18.52%. The business had revenue of $72.19 million during the quarter, compared to the consensus estimate of $62.98 million. Research analysts anticipate that Kinsale Capital Group Inc will post 2.42 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.37%. The ex-dividend date is Friday, May 31st. Kinsale Capital Group’s dividend payout ratio is 17.88%.
In other news, CEO Michael P. Kehoe sold 10,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $66.35, for a total transaction of $663,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frederick L. Jr. Russell sold 1,000 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $67.75, for a total value of $67,750.00. Following the sale, the director now directly owns 2,281 shares of the company’s stock, valued at $154,537.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,722 shares of company stock valued at $2,548,739. 8.30% of the stock is currently owned by company insiders.
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Kinsale Capital Group Profile
Kinsale Capital Group, Inc provides as a casualty and property insurance products in the United States. Its commercial lines offerings include construction, small business, energy, excess and general casualty, life sciences, allied health, health care, commercial property, environmental, public entity, inland marine, and commercial insurance, as well as product, professional, and management liability insurance; and homeowners insurance.
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