2,012 Shares in Kinsale Capital Group, Inc. (NYSE:KNSL) Purchased by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. bought a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 2,012 shares of the financial services provider’s stock, valued at approximately $936,000.

A number of other institutional investors have also added to or reduced their stakes in KNSL. State Street Corp boosted its position in Kinsale Capital Group by 1.3% during the third quarter. State Street Corp now owns 689,386 shares of the financial services provider’s stock valued at $320,957,000 after purchasing an additional 8,954 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Kinsale Capital Group by 5.9% during the third quarter. Geode Capital Management LLC now owns 528,708 shares of the financial services provider’s stock valued at $246,810,000 after buying an additional 29,686 shares during the last quarter. Geneva Capital Management LLC boosted its holdings in shares of Kinsale Capital Group by 1.3% in the 3rd quarter. Geneva Capital Management LLC now owns 407,831 shares of the financial services provider’s stock valued at $189,874,000 after buying an additional 5,207 shares in the last quarter. Copeland Capital Management LLC grew its position in shares of Kinsale Capital Group by 0.3% in the 3rd quarter. Copeland Capital Management LLC now owns 231,303 shares of the financial services provider’s stock worth $107,687,000 after buying an additional 685 shares during the last quarter. Finally, DF Dent & Co. Inc. raised its stake in shares of Kinsale Capital Group by 3.0% during the 3rd quarter. DF Dent & Co. Inc. now owns 226,614 shares of the financial services provider’s stock worth $105,505,000 after acquiring an additional 6,679 shares in the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on KNSL shares. JPMorgan Chase & Co. cut their price target on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Morgan Stanley initiated coverage on Kinsale Capital Group in a research note on Thursday, December 5th. They set an “overweight” rating and a $593.00 target price on the stock. BMO Capital Markets increased their price target on Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a research note on Thursday, November 21st. Truist Financial dropped their price target on Kinsale Capital Group from $500.00 to $480.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada decreased their price objective on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating for the company in a research report on Monday, October 28th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $468.89.

Kinsale Capital Group Price Performance

NYSE:KNSL opened at $438.91 on Wednesday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.13. Kinsale Capital Group, Inc. has a 12-month low of $355.12 and a 12-month high of $548.47. The firm has a market cap of $10.22 billion, a price-to-earnings ratio of 25.02, a price-to-earnings-growth ratio of 1.60 and a beta of 1.16. The company’s 50-day moving average is $472.72 and its two-hundred day moving average is $457.62.

Kinsale Capital Group (NYSE:KNSL) last announced its earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share for the quarter, beating the consensus estimate of $3.60 by $0.60. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. The company had revenue of $418.06 million during the quarter, compared to the consensus estimate of $359.43 million. During the same period last year, the firm earned $3.31 earnings per share. The company’s revenue was up 33.0% on a year-over-year basis. Research analysts expect that Kinsale Capital Group, Inc. will post 15.67 EPS for the current year.

Kinsale Capital Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.14%. The ex-dividend date of this dividend was Friday, November 29th. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.42%.

Insider Activity

In other news, EVP Diane D. Schnupp sold 500 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $510.00, for a total transaction of $255,000.00. Following the completion of the sale, the executive vice president now directly owns 6,994 shares of the company’s stock, valued at $3,566,940. This trade represents a 6.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frederick L. Jr. Russell sold 4,440 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $499.31, for a total value of $2,216,936.40. Following the completion of the transaction, the director now owns 447 shares in the company, valued at $223,191.57. This represents a 90.85 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,235 shares of company stock worth $3,618,954. 5.60% of the stock is owned by company insiders.

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.