3,816 Shares in Kinsale Capital Group, Inc. $KNSL Purchased by GSA Capital Partners LLP

Key Points

• GSA Capital Partners initiated a position in Kinsale Capital Group by purchasing 3,816 shares valued at approximately $1.26 million. Institutional investors collectively own 85.36% of the company.
• Analyst sentiment remains cautious: Kinsale has a consensus rating of “Reduce” from MarketBeat, with one Buy, six Hold, and three Sell ratings and an average price target of $362.11.
• Kinsale reported stronger-than-expected quarterly results, with EPS of $5.54 versus the $5.11 estimate and revenue up 16.8% year over year to $548.52 million. The company also declared a quarterly dividend of $0.25 per share, equivalent to a 0.3% yield.

GSA Capital Partners LLP bought a new position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 3,816 shares of the financial services provider's stock, valued at approximately $1,259,000.

Several other hedge funds and other institutional investors have also bought and sold shares of KNSL. Capital World Investors raised its holdings in shares of Kinsale Capital Group by 117.4% during the fourth quarter. Capital World Investors now owns 987,844 shares of the financial services provider's stock valued at $386,366,000 after purchasing an additional 533,499 shares during the last quarter. First Manhattan CO. LLC. boosted its holdings in Kinsale Capital Group by 19.6% in the fourth 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. Life Cycle Investment Partners Ltd purchased a new stake in Kinsale Capital Group in the fourth quarter worth approximately $229,653,000. Turtle Creek Asset Management Inc. grew its position in Kinsale Capital Group by 47.6% in the 1st quarter. Turtle Creek Asset Management Inc. now owns 411,246 shares of the financial services provider's stock worth $140,506,000 after purchasing an additional 132,576 shares during the period. Finally, DF Dent & Co. Inc. grew its position in Kinsale Capital Group by 19.2% in the 4th quarter. DF Dent & Co. Inc. now owns 315,756 shares of the financial services provider's stock worth $123,498,000 after purchasing an additional 50,846 shares during the period. Institutional investors own 85.36% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KNSL. Wells Fargo & Company increased their price target on Kinsale Capital Group from $366.00 to $377.00 and gave the company an "equal weight" rating in a report on Monday, July 27th. Truist Financial cut their price objective on Kinsale Capital Group from $450.00 to $405.00 and set a "buy" rating for the company in a report on Monday, April 27th. Royal Bank Of Canada reduced their price objective on Kinsale Capital Group from $385.00 to $375.00 and set a "sector perform" rating for the company in a research report on Monday, April 27th. Wall Street Zen raised Kinsale Capital Group from a "sell" rating to a "hold" rating in a report on Saturday, June 20th. Finally, JPMorgan Chase & Co. boosted their price target on Kinsale Capital Group from $380.00 to $390.00 and gave the company a "neutral" rating in a research note on Monday, July 20th. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Kinsale Capital Group currently has a consensus rating of "Reduce" and a consensus target price of $362.11.

Insider Transactions 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 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 completion of the sale, 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Christopher R. Tangard acquired 330 shares of the firm's stock in a transaction dated Monday, June 8th. The stock was bought at an average cost of $304.00 per share, for a total transaction of $100,320.00. Following the purchase, the chief accounting officer directly owned 380 shares of the company's stock, valued at approximately $115,520. This trade represents a 660.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 5.60% of the company's stock.

Kinsale Capital Group Trading Down 3.1%

Shares of Kinsale Capital Group stock opened at $367.46 on Tuesday. Kinsale Capital Group, Inc. has a 1-year low of $287.20 and a 1-year high of $485.00. The company's fifty day simple moving average is $341.14 and its 200-day simple moving average is $345.61. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.09 and a quick ratio of 0.09. The stock has a market capitalization of $8.37 billion, a PE ratio of 14.89, a P/E/G ratio of 1.20 and a beta of 0.89.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $5.54 EPS for the quarter, topping the consensus estimate of $5.11 by $0.43. Kinsale Capital Group had a return on equity of 25.54% and a net margin of 28.49%.The firm had revenue of $548.52 million during the quarter, compared to analyst estimates of $445.13 million. During the same period in the prior year, the business posted $4.78 EPS. Kinsale Capital Group's revenue was up 16.8% on a year-over-year basis. As a group, equities analysts anticipate that Kinsale Capital Group, Inc. will post 21.1 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Friday, August 28th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, August 28th. Kinsale Capital Group's payout ratio is currently 4.05%.

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.

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