Xponance Inc. Sells 138 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Xponance Inc. cut its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 2.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,808 shares of the financial services provider’s stock after selling 138 shares during the quarter. Xponance Inc.’s holdings in Kinsale Capital Group were worth $1,610,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Carnegie Capital Asset Management LLC acquired a new stake in Kinsale Capital Group in the fourth quarter valued at approximately $8,002,000. Navellier & Associates Inc. acquired a new position in Kinsale Capital Group in the third quarter valued at $975,000. Scout Investments Inc. lifted its holdings in Kinsale Capital Group by 38.0% in the third quarter. Scout Investments Inc. now owns 94,729 shares of the financial services provider’s stock valued at $38,780,000 after buying an additional 26,084 shares during the period. Jupiter Asset Management Ltd. increased its stake in Kinsale Capital Group by 116.1% in the third quarter. Jupiter Asset Management Ltd. now owns 12,381 shares of the financial services provider’s stock valued at $5,127,000 after purchasing an additional 6,651 shares in the last quarter. Finally, DAVENPORT & Co LLC increased its stake in Kinsale Capital Group by 154.5% in the fourth 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. 85.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Kinsale Capital Group Stock Performance

Kinsale Capital Group stock opened at $463.80 on Wednesday. The firm’s 50 day simple moving average is $493.30 and its 200 day simple moving average is $415.77. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $10.76 billion, a PE ratio of 35.11 and a beta of 0.89. Kinsale Capital Group, Inc. has a 1-year low of $297.33 and a 1-year high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings results on Friday, February 16th. The financial services provider reported $3.87 EPS for the quarter, topping analysts’ consensus estimates of $3.44 by $0.43. The firm had revenue of $351.17 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 41.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.60 EPS. As a group, analysts expect that Kinsale Capital Group, Inc. will post 15.26 earnings per share 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. Investors of record on Tuesday, February 27th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, February 26th. This represents a $0.60 annualized dividend and a dividend yield of 0.13%. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.14. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 4.54%.

Insider Activity at Kinsale Capital Group

In related 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 owns 887 shares of the company’s stock, valued at approximately $464,867.83. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related 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 owns 887 shares of the company’s stock, valued at approximately $464,867.83. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Michael P. Kehoe sold 4,000 shares of the 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 transaction, the chief executive officer now directly owns 303,972 shares in the company, valued at approximately $159,199,255.56. The disclosure for this sale can be found here. 5.60% of the stock is owned by insiders.

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.