2,800 Shares in Kinsale Capital Group, Inc. $KNSL Bought by Montanaro Asset Management Ltd

Montanaro Asset Management Ltd purchased a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,800 shares of the financial services provider’s stock, valued at approximately $1,095,000.

A number of other hedge funds also recently bought and sold shares of KNSL. V Square Quantitative Management LLC purchased a new position in shares of Kinsale Capital Group in the 4th quarter valued at about $25,000. Bayban acquired a new stake in Kinsale Capital Group in the fourth quarter valued at approximately $25,000. eCIO Inc. acquired a new stake in Kinsale Capital Group in the fourth quarter valued at approximately $29,000. International Assets Investment Management LLC purchased a new position in Kinsale Capital Group in the fourth quarter worth approximately $29,000. Finally, Johnson Financial Group Inc. lifted its stake in Kinsale Capital Group by 257.1% in the third quarter. Johnson Financial Group Inc. now owns 75 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 54 shares during the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Cantor Fitzgerald dropped their price objective on shares of Kinsale Capital Group from $360.00 to $280.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Jefferies Financial Group cut shares of Kinsale Capital Group from a “hold” rating to an “underperform” rating and decreased their price objective for the stock from $392.00 to $312.00 in a research report on Thursday, March 19th. Royal Bank Of Canada lowered their target price on shares of Kinsale Capital Group from $385.00 to $375.00 and set a “sector perform” rating for the company in a research note on Monday, April 27th. BMO Capital Markets lowered Kinsale Capital Group from a “market perform” rating to an “underperform” rating and set a $348.00 target price on the stock. in a report on Wednesday, February 25th. Finally, Truist Financial dropped their target price on Kinsale Capital Group from $450.00 to $405.00 and set a “buy” rating on the stock in a report on Monday, April 27th. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $374.90.

Kinsale Capital Group Stock Performance

Shares of KNSL opened at $308.19 on Friday. The stock has a 50 day moving average price of $320.21 and a 200 day moving average price of $358.19. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $7.11 billion, a price-to-earnings ratio of 13.56, a price-to-earnings-growth ratio of 1.00 and a beta of 0.91. Kinsale Capital Group, Inc. has a 52-week low of $287.20 and a 52-week high of $512.76.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings results 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. The company had revenue of $466.71 million for the quarter, compared to analyst estimates of $410.25 million. Kinsale Capital Group had a net margin of 27.48% and a return on equity of 25.82%. The firm’s revenue was down .5% on a year-over-year basis. During the same period in the prior year, the firm posted $3.71 earnings per share. Research analysts predict that Kinsale Capital Group, Inc. will post 20.65 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Thursday, May 28th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Thursday, May 28th. Kinsale Capital Group’s dividend payout ratio (DPR) is 4.40%.

Insider Activity at Kinsale Capital Group

In other Kinsale Capital Group news, insider Salmaan K. Allibhai sold 250 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $311.17, for a total value of $77,792.50. Following the completion of the transaction, the insider owned 3,645 shares in the company, valued at $1,134,214.65. This represents a 6.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Christopher R. Tangard acquired 330 shares of the company’s stock in a transaction on Monday, June 8th. The shares were purchased at an average cost of $304.00 per share, for a total transaction of $100,320.00. Following the acquisition, the chief accounting officer owned 380 shares of the company’s stock, valued at approximately $115,520. The trade was a 660.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 5.60% of the company’s stock.

Kinsale Capital Group Company Profile

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.