Bessemer Group Inc. Has $24.03 Million Stock Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Bessemer Group Inc. lessened its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 15.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 49,382 shares of the financial services provider's stock after selling 9,001 shares during the period. Bessemer Group Inc. owned 0.21% of Kinsale Capital Group worth $24,034,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Private Advisor Group LLC grew its holdings in shares of Kinsale Capital Group by 77.6% in the 4th quarter. Private Advisor Group LLC now owns 1,037 shares of the financial services provider's stock valued at $482,000 after buying an additional 453 shares during the period. IFP Advisors Inc grew its holdings in shares of Kinsale Capital Group by 812.7% in the 4th quarter. IFP Advisors Inc now owns 2,291 shares of the financial services provider's stock valued at $1,067,000 after buying an additional 2,040 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Kinsale Capital Group by 2.9% in the 4th quarter. Bank of New York Mellon Corp now owns 183,345 shares of the financial services provider's stock valued at $85,279,000 after buying an additional 5,213 shares during the period. Los Angeles Capital Management LLC grew its holdings in shares of Kinsale Capital Group by 40.5% in the 4th quarter. Los Angeles Capital Management LLC now owns 23,938 shares of the financial services provider's stock valued at $11,134,000 after buying an additional 6,900 shares during the period. Finally, Advisor OS LLC acquired a new position in shares of Kinsale Capital Group in the 4th quarter valued at $373,000. Institutional investors and hedge funds own 85.36% of the company's stock.

Kinsale Capital Group Stock Down 0.7%

KNSL traded down $3.16 during trading on Friday, hitting $473.24. The company had a trading volume of 312,526 shares, compared to its average volume of 177,818. The firm's 50-day moving average price is $463.69 and its 200 day moving average price is $459.95. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.12. Kinsale Capital Group, Inc. has a one year low of $366.92 and a one year high of $531.79. The company has a market capitalization of $11.03 billion, a PE ratio of 27.23, a PEG ratio of 1.73 and a beta of 1.20.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $3.71 EPS for the quarter, topping the consensus estimate of $3.15 by $0.56. Kinsale Capital Group had a net margin of 24.73% and a return on equity of 26.36%. The firm had revenue of $423.40 million for the quarter, compared to analysts' expectations of $425.73 million. During the same period in the previous year, the firm posted $3.50 EPS. The company's revenue for the quarter was up 7.9% on a year-over-year basis. As a group, equities analysts expect that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 30th were given a dividend of $0.17 per share. The ex-dividend date was Thursday, May 29th. This represents a yield of 0.15%. Kinsale Capital Group's dividend payout ratio (DPR) is presently 3.91%.

Insiders Place Their Bets

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 1,398 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were 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 of the company's stock, valued at $3,136,912. The trade was a 17.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 5.50% of the company's stock.

Analyst Ratings Changes

KNSL has been the subject of several research analyst reports. Morgan Stanley boosted their price target on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the company an "overweight" rating in a report on Monday, May 19th. Bank of America began coverage on shares of Kinsale Capital Group in a report on Friday, June 20th. They issued a "buy" rating and a $543.00 price target for the company. JPMorgan Chase & Co. cut their price objective 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. Truist Financial cut their price objective on shares of Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Finally, Wall Street Zen raised shares of Kinsale Capital Group from a "sell" rating to a "hold" rating in a research report on Sunday, June 22nd. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $491.88.

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.