Intrinsic Value Partners LLC Boosts Stock Position in Kinsale Capital Group, Inc. $KNSL

Intrinsic Value Partners LLC raised its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 28.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 7,291 shares of the financial services provider’s stock after buying an additional 1,600 shares during the period. Kinsale Capital Group accounts for about 1.9% of Intrinsic Value Partners LLC’s investment portfolio, making the stock its 18th biggest holding. Intrinsic Value Partners LLC’s holdings in Kinsale Capital Group were worth $2,491,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of KNSL. Life Cycle Investment Partners Ltd purchased a new position in shares of Kinsale Capital Group in the 4th quarter worth approximately $229,653,000. Capital World Investors boosted its position in shares of Kinsale Capital Group by 117.4% in the 4th quarter. Capital World Investors now owns 987,844 shares of the financial services provider’s stock worth $386,366,000 after purchasing an additional 533,499 shares in the last quarter. Norges Bank acquired a new stake in Kinsale Capital Group in the fourth quarter worth about $107,916,000. First Manhattan CO. LLC. grew its position in Kinsale Capital Group by 19.6% during the 4th quarter. First Manhattan CO. LLC. now owns 614,647 shares of the financial services provider’s stock worth $240,401,000 after purchasing an additional 100,600 shares during the last quarter. Finally, M&T Bank Corp grew its holdings in shares of Kinsale Capital Group by 2,621.6% during the fourth quarter. M&T Bank Corp now owns 91,118 shares of the financial services provider’s stock valued at $35,638,000 after buying an additional 87,770 shares during the last quarter. 85.36% of the stock is currently owned by institutional investors.

Kinsale Capital Group Stock Performance

Shares of KNSL stock opened at $353.92 on Monday. Kinsale Capital Group, Inc. has a 12-month low of $287.20 and a 12-month high of $512.76. The company has a market capitalization of $8.16 billion, a P/E ratio of 15.58, a P/E/G ratio of 1.15 and a beta of 0.90. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.11. The business’s 50 day moving average is $314.14 and its two-hundred day moving average is $354.66.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $5.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.70 by $0.41. The firm had revenue of $466.71 million for the quarter, compared to analysts’ expectations 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 for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the company earned $3.71 EPS. Analysts expect that Kinsale Capital Group, Inc. will post 20.65 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

KNSL has been the subject of a number of research reports. Royal Bank Of Canada decreased their target price on Kinsale Capital Group from $385.00 to $375.00 and set a “sector perform” rating for the company in a report on Monday, April 27th. Jefferies Financial Group downgraded shares of Kinsale Capital Group from a “hold” rating to an “underperform” rating and cut their price target for the stock from $392.00 to $312.00 in a report on Thursday, March 19th. Truist Financial decreased their price objective on shares of 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. Wall Street Zen raised shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Finally, TD Cowen reiterated a “hold” rating on shares of Kinsale Capital Group in a research note on Tuesday, June 16th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $374.90.

Insider Transactions at Kinsale Capital Group

In related news, insider Salmaan K. Allibhai sold 250 shares of Kinsale Capital Group stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $311.17, for a total value of $77,792.50. Following the sale, the insider directly owned 3,645 shares in the company, valued at approximately $1,134,214.65. The trade was a 6.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael P. Kehoe sold 22,576 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer owned 308,048 shares of the company’s stock, valued at approximately $93,233,807.68. This trade represents a 6.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 5.60% of the company’s stock.

Kinsale Capital Group 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.