Cumberland Partners Ltd Invests $2.35 Million in Kinsale Capital Group, Inc. $KNSL

Cumberland Partners Ltd bought a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 6,000 shares of the financial services provider’s stock, valued at approximately $2,347,000.

Other large investors have also made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in shares of Kinsale Capital Group during the 4th quarter worth approximately $25,000. eCIO Inc. acquired a new position in shares of Kinsale Capital Group during the 4th quarter worth approximately $29,000. International Assets Investment Management LLC acquired a new position in shares of Kinsale Capital Group during the 4th quarter worth approximately $29,000. Johnson Financial Group Inc. raised its stake in shares of Kinsale Capital Group by 257.1% during the 3rd quarter. Johnson Financial Group Inc. now owns 75 shares of the financial services provider’s stock worth $32,000 after buying an additional 54 shares during the period. Finally, Root Financial Partners LLC acquired a new position in Kinsale Capital Group in the 3rd quarter valued at $33,000. 85.36% of the stock is owned by institutional investors and hedge funds.

Kinsale Capital Group Stock Down 0.5%

NYSE KNSL opened at $310.59 on Friday. The business has a fifty day moving average price of $334.78 and a 200 day moving average price of $369.61. Kinsale Capital Group, Inc. has a one year low of $293.78 and a one year high of $512.76. 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 company has a market cap of $7.16 billion, a P/E ratio of 13.67, a P/E/G ratio of 1.01 and a beta of 0.95.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings data 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 return on equity of 25.82% and a net margin of 27.48%.The firm had revenue of $466.71 million during the quarter, compared to the consensus estimate of $410.25 million. During the same period in the prior year, the company earned $3.71 EPS. The firm’s revenue was down .5% compared to the same quarter last year. Research analysts anticipate that Kinsale Capital Group, Inc. will post 20.58 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

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

Analyst Ratings Changes

Several research firms recently commented on KNSL. Wells Fargo & Company downgraded Kinsale Capital Group from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $420.00 to $357.00 in a research note on Monday, April 27th. Cantor Fitzgerald reduced their price objective on Kinsale Capital Group from $360.00 to $280.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Wall Street Zen raised Kinsale Capital Group from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. JPMorgan Chase & Co. reduced their price objective on Kinsale Capital Group from $450.00 to $410.00 and set a “neutral” rating for the company in a research note on Monday, February 23rd. Finally, Truist Financial reduced their price objective on Kinsale Capital Group from $450.00 to $405.00 and set a “buy” rating for the company in a research note on Monday, April 27th. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $390.18.

Insider Transactions at Kinsale Capital Group

In other Kinsale Capital Group news, CEO Michael P. Kehoe sold 22,576 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $302.66, for a total value of $6,832,852.16. Following the completion of the sale, the chief executive officer directly owned 308,048 shares in the company, valued at $93,233,807.68. This represents a 6.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.60% of the stock is currently owned by insiders.

About Kinsale Capital Group

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.