Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 50.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 25,877 shares of the financial services provider’s stock after purchasing an additional 8,635 shares during the quarter. Russell Investments Group Ltd. owned 0.11% of Kinsale Capital Group worth $8,667,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Anchor Investment Management LLC bought a new stake in shares of Kinsale Capital Group during the 4th quarter worth $25,000. Emerald Advisers LLC bought a new stake in shares of Kinsale Capital Group during the 3rd quarter worth $33,000. Beacon Capital Management LLC bought a new stake in shares of Kinsale Capital Group during the 4th quarter worth $33,000. Arlington Trust Co LLC bought a new stake in shares of Kinsale Capital Group during the 4th quarter worth $54,000. Finally, Milestone Investment Advisors LLC bought a new stake in shares of Kinsale Capital Group during the 3rd quarter worth $58,000. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Kinsale Capital Group Price Performance

KNSL opened at $394.16 on Tuesday. The stock has a market cap of $9.18 billion, a price-to-earnings ratio of 26.19 and a beta of 0.98. Kinsale Capital Group, Inc. has a 1 year low of $297.33 and a 1 year high of $548.47. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.16. The stock has a fifty day moving average price of $476.18 and a 200 day moving average price of $412.78.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.33 by $0.17. Kinsale Capital Group had a return on equity of 31.21% and a net margin of 26.33%. The firm had revenue of $372.79 million during the quarter, compared to analysts’ expectations of $366.45 million. During the same quarter last year, the firm earned $2.44 earnings per share. The business’s revenue for the quarter was up 41.7% on a year-over-year basis. Analysts forecast that Kinsale Capital Group, Inc. will post 15.03 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Tuesday, February 27th were issued a dividend of $0.15 per share. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 0.15%. The ex-dividend date was Monday, February 26th. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.99%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Kinsale Capital Group

In other Kinsale Capital Group news, Director Frederick L. Jr. Russell sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $524.09, for a total transaction of $1,048,180.00. Following the transaction, the director now directly owns 887 shares in the company, valued at $464,867.83. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Kinsale Capital Group news, Director Frederick L. Jr. Russell sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $524.09, for a total transaction of $1,048,180.00. Following the transaction, the director now directly owns 887 shares in the company, valued at $464,867.83. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael P. Kehoe sold 4,000 shares of Kinsale Capital Group 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 $159,199,255.56. The disclosure for this sale can be found here. Insiders have sold a total of 9,778 shares of company stock worth $4,532,422 over the last three months. Corporate insiders own 5.60% of the company’s stock.

Kinsale Capital Group 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.