Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Purchased by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC boosted its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 38.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 856 shares of the financial services provider’s stock after buying an additional 238 shares during the period. Valeo Financial Advisors LLC’s holdings in Kinsale Capital Group were worth $287,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Royal London Asset Management Ltd. boosted its position in shares of Kinsale Capital Group by 4,798.0% in the third quarter. Royal London Asset Management Ltd. now owns 245,684 shares of the financial services provider’s stock worth $101,692,000 after acquiring an additional 240,668 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Kinsale Capital Group by 107.7% in the 4th quarter. Morgan Stanley now owns 450,657 shares of the financial services provider’s stock valued at $117,856,000 after purchasing an additional 233,687 shares during the last quarter. DAVENPORT & Co LLC grew its stake in shares of Kinsale Capital Group by 154.5% during the 4th quarter. DAVENPORT & Co LLC now owns 326,378 shares of the financial services provider’s stock valued at $109,362,000 after buying an additional 198,129 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Kinsale Capital Group by 33,266.0% during the 4th quarter. International Assets Investment Management LLC now owns 178,842 shares of the financial services provider’s stock worth $59,896,000 after buying an additional 178,306 shares during the last quarter. Finally, Macquarie Group Ltd. raised its position in shares of Kinsale Capital Group by 33.5% in the 2nd quarter. Macquarie Group Ltd. now owns 446,626 shares of the financial services provider’s stock worth $102,563,000 after buying an additional 112,060 shares during the period. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on KNSL shares. JPMorgan Chase & Co. boosted their price target on Kinsale Capital Group from $375.00 to $420.00 and gave the company a “neutral” rating in a research report on Monday, February 26th. Truist Financial raised their price target on shares of Kinsale Capital Group from $450.00 to $600.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Royal Bank of Canada boosted their price objective on shares of Kinsale Capital Group from $410.00 to $555.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. Finally, BMO Capital Markets lowered shares of Kinsale Capital Group from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $434.00 to $544.00 in a research report on Wednesday, February 28th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $510.00.

Kinsale Capital Group Stock Performance

Kinsale Capital Group stock opened at $447.27 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.12 and a current ratio of 0.12. Kinsale Capital Group, Inc. has a one year low of $297.33 and a one year high of $548.47. The stock’s 50 day moving average price is $487.90 and its 200 day moving average price is $414.22. The firm has a market capitalization of $10.37 billion, a PE ratio of 33.86 and a beta of 0.89.

Kinsale Capital Group (NYSE:KNSL) last announced its earnings results on Friday, February 16th. The financial services provider reported $3.87 earnings per share for the quarter, beating the consensus estimate of $3.44 by $0.43. The business had revenue of $351.17 million during the quarter, compared to the consensus estimate of $367.98 million. Kinsale Capital Group had a net margin of 25.29% and a return on equity of 31.52%. The business’s quarterly revenue was up 41.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.60 earnings per share. As a group, sell-side analysts expect that Kinsale Capital Group, Inc. will post 15.26 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Tuesday, February 27th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.13%. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Monday, February 26th. Kinsale Capital Group’s payout ratio is presently 4.54%.

Insider Buying and Selling

In other Kinsale Capital Group news, Director Frederick L. Jr. Russell sold 2,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the director now owns 887 shares in the company, valued at approximately $464,867.83. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Kinsale Capital Group news, Director Frederick L. Jr. Russell sold 2,000 shares of the stock in a transaction on Tuesday, March 5th. The shares were 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 approximately $464,867.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael P. Kehoe sold 4,000 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $523.73, for a total transaction of $2,094,920.00. Following the completion of the sale, the chief executive officer now directly owns 303,972 shares of the company’s stock, valued at approximately $159,199,255.56. The disclosure for this sale can be found here. Insiders own 6.00% 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.