Bennett Selby Investments LP Grows Stock Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Bennett Selby Investments LP increased its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 49.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,836 shares of the financial services provider's stock after purchasing an additional 933 shares during the quarter. Bennett Selby Investments LP's holdings in Kinsale Capital Group were worth $1,380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of KNSL. Vanguard Group Inc. raised its holdings in Kinsale Capital Group by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 2,113,683 shares of the financial services provider's stock worth $983,137,000 after purchasing an additional 29,553 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Kinsale Capital Group by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 544,954 shares of the financial services provider's stock valued at $254,441,000 after buying an additional 16,246 shares during the period. JPMorgan Chase & Co. increased its position in shares of Kinsale Capital Group by 6.0% during the fourth quarter. JPMorgan Chase & Co. now owns 329,595 shares of the financial services provider's stock valued at $153,305,000 after buying an additional 18,661 shares during the period. GAMMA Investing LLC raised its stake in Kinsale Capital Group by 59,220.7% in the first quarter. GAMMA Investing LLC now owns 309,061 shares of the financial services provider's stock worth $150,423,000 after buying an additional 308,540 shares in the last quarter. Finally, DF Dent & Co. Inc. lifted its holdings in Kinsale Capital Group by 8.4% in the fourth quarter. DF Dent & Co. Inc. now owns 245,560 shares of the financial services provider's stock worth $114,218,000 after buying an additional 18,946 shares during the period. Hedge funds and other institutional investors own 85.36% of the company's stock.

Kinsale Capital Group Stock Up 0.1%

Kinsale Capital Group stock traded up $0.48 during mid-day trading on Wednesday, hitting $459.72. The company had a trading volume of 298,257 shares, compared to its average volume of 173,377. Kinsale Capital Group, Inc. has a 12 month low of $366.92 and a 12 month high of $531.79. The company has a market capitalization of $10.72 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 1.66 and a beta of 1.20. The stock's 50 day moving average price is $463.16 and its two-hundred day moving average price is $462.85. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $3.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.15 by $0.56. The company had revenue of $423.40 million for the quarter, compared to analysts' expectations of $425.73 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. Kinsale Capital Group's revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.50 EPS. As a group, sell-side analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The company also recently declared a dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.17 per share. This represents a dividend yield of 0.15%. The ex-dividend date is Thursday, May 29th. Kinsale Capital Group's payout ratio is 3.91%.

Insider Activity at Kinsale Capital Group

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 1,398 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $472.00, for a total transaction of $659,856.00. Following the sale, the executive vice president now directly owns 6,646 shares in the company, valued at approximately $3,136,912. This trade represents a 17.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.50% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on KNSL. Royal Bank of Canada reiterated a "sector perform" rating and set a $500.00 target price on shares of Kinsale Capital Group in a report on Tuesday, February 18th. Morgan Stanley upped their price target on Kinsale Capital Group from $490.00 to $525.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. Truist Financial decreased their price objective on Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating for the company in a report on Monday, April 28th. JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $484.57.

About Kinsale Capital Group

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.