Trexquant Investment LP Boosts Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Trexquant Investment LP raised its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 51.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,899 shares of the financial services provider’s stock after purchasing an additional 3,026 shares during the period. Trexquant Investment LP’s holdings in Kinsale Capital Group were worth $2,980,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Anchor Investment Management LLC bought a new position in Kinsale Capital Group in the 4th quarter worth about $25,000. Beacon Capital Management LLC bought a new stake in Kinsale Capital Group in the fourth quarter worth $33,000. Principal Securities Inc. bought a new stake in shares of Kinsale Capital Group during the fourth quarter worth $44,000. Arlington Trust Co LLC purchased a new position in shares of Kinsale Capital Group during the fourth quarter valued at $54,000. Finally, Milestone Investment Advisors LLC purchased a new position in Kinsale Capital Group in the third quarter valued at about $58,000. 85.36% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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 shares were sold at an average price of $523.73, for a total transaction of $2,094,920.00. Following the completion of the sale, the chief executive officer now owns 303,972 shares in the company, valued at $159,199,255.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Michael P. Kehoe sold 4,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 303,972 shares in the company, valued at $159,199,255.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Frederick L. Jr. Russell sold 2,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $524.09, for a total value of $1,048,180.00. Following the transaction, the director now owns 887 shares in the company, valued at approximately $464,867.83. The disclosure for this sale can be found here. Insiders sold a total of 9,778 shares of company stock worth $4,532,422 over the last ninety days. 5.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently commented on the company. BMO Capital Markets reduced their price objective on Kinsale Capital Group from $544.00 to $453.00 and set a “market perform” rating for the company in a research note on Tuesday, April 30th. TD Cowen started coverage on Kinsale Capital Group in a research note on Monday, May 20th. They issued a “hold” rating and a $403.00 price objective for the company. JPMorgan Chase & Co. raised their target price on Kinsale Capital Group from $375.00 to $420.00 and gave the stock a “neutral” rating in a research report on Monday, February 26th. Compass Point lowered their target price on Kinsale Capital Group from $490.00 to $390.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. Finally, Truist Financial decreased their price target on Kinsale Capital Group from $600.00 to $440.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Kinsale Capital Group has an average rating of “Hold” and a consensus price target of $434.00.

Kinsale Capital Group Stock Up 1.2 %

Kinsale Capital Group stock traded up $4.75 during midday trading on Friday, hitting $391.99. 143,755 shares of the company’s stock were exchanged, compared to its average volume of 269,288. The company has a market cap of $9.13 billion, a PE ratio of 26.05 and a beta of 0.98. The firm has a 50-day moving average of $438.68 and a two-hundred day moving average of $413.32. Kinsale Capital Group, Inc. has a 12 month low of $297.33 and a 12 month high of $548.47. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.12 and a current ratio of 0.12.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.33 by $0.17. The business had revenue of $372.79 million during the quarter, compared to the consensus estimate of $366.45 million. Kinsale Capital Group had a net margin of 26.33% and a return on equity of 31.21%. The business’s revenue was up 41.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.44 EPS. As a group, analysts expect that Kinsale Capital Group, Inc. will post 14.96 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, May 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.15%. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.99%.

Kinsale Capital Group 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.