Strs Ohio Grows Stock Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Strs Ohio increased its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 12.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,276 shares of the financial services provider’s stock after buying an additional 354 shares during the quarter. Strs Ohio’s holdings in Kinsale Capital Group were worth $1,097,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KNSL. Invesco Ltd. boosted its holdings in Kinsale Capital Group by 15.4% in the 3rd quarter. Invesco Ltd. now owns 694,070 shares of the financial services provider’s stock valued at $287,435,000 after purchasing an additional 92,496 shares in the last quarter. DAVENPORT & Co LLC boosted its holdings in Kinsale Capital Group by 154.5% in the 4th quarter. DAVENPORT & Co LLC now owns 326,378 shares of the financial services provider’s stock valued at $109,362,000 after purchasing an additional 198,129 shares in the last quarter. Royal London Asset Management Ltd. boosted its holdings in Kinsale Capital Group by 4,798.0% in the 3rd quarter. Royal London Asset Management Ltd. now owns 245,684 shares of the financial services provider’s stock valued at $101,692,000 after purchasing an additional 240,668 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Kinsale Capital Group by 0.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 217,546 shares of the financial services provider’s stock worth $90,092,000 after acquiring an additional 1,018 shares in the last quarter. Finally, Copeland Capital Management LLC boosted its stake in shares of Kinsale Capital Group by 4.6% during the 4th quarter. Copeland Capital Management LLC now owns 201,138 shares of the financial services provider’s stock worth $67,363,000 after acquiring an additional 8,803 shares in the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Insider Buying and Selling at Kinsale Capital Group

In other Kinsale Capital Group news, CEO Michael P. Kehoe sold 4,000 shares of the business’s stock in a transaction on 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 directly owns 303,972 shares in the company, valued at approximately $159,199,255.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Frederick L. Jr. Russell sold 2,000 shares of the business’s 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 completion of the sale, the director now directly owns 887 shares of the company’s stock, valued at approximately $464,867.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael P. Kehoe sold 4,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $523.73, for a total transaction of $2,094,920.00. Following the sale, the chief executive officer now directly owns 303,972 shares of the company’s stock, valued at $159,199,255.56. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on KNSL. Royal Bank of Canada boosted their price target on Kinsale Capital Group from $410.00 to $555.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. Truist Financial boosted their price target on Kinsale Capital Group from $450.00 to $600.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. JPMorgan Chase & Co. boosted their price target on Kinsale Capital Group from $375.00 to $420.00 and gave the stock a “neutral” rating in a research note on Monday, February 26th. Finally, BMO Capital Markets lowered Kinsale Capital Group from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $434.00 to $544.00 in a research note on Wednesday, February 28th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $510.00.

Kinsale Capital Group Trading Up 0.1 %

Shares of Kinsale Capital Group stock opened at $463.80 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.12 and a quick ratio of 0.12. Kinsale Capital Group, Inc. has a 1 year low of $297.33 and a 1 year high of $548.47. The company has a market capitalization of $10.76 billion, a P/E ratio of 35.11 and a beta of 0.89. The business has a 50 day moving average price of $493.30 and a 200 day moving average price of $415.77.

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

Kinsale Capital Group Increases Dividend

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

Kinsale Capital Group Company 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.