Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Purchased by Carnegie Investment Counsel

Carnegie Investment Counsel lifted its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 12.9% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 60,427 shares of the financial services provider's stock after purchasing an additional 6,909 shares during the period. Carnegie Investment Counsel owned about 0.26% of Kinsale Capital Group worth $29,410,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in KNSL. GAMMA Investing LLC grew its holdings in Kinsale Capital Group by 59,220.7% during the 1st quarter. GAMMA Investing LLC now owns 309,061 shares of the financial services provider's stock valued at $150,423,000 after buying an additional 308,540 shares in the last quarter. Norges Bank purchased a new position in Kinsale Capital Group during the fourth quarter worth $89,200,000. Alliancebernstein L.P. boosted its stake in Kinsale Capital Group by 486.3% during the fourth quarter. Alliancebernstein L.P. now owns 214,045 shares of the financial services provider's stock worth $99,559,000 after buying an additional 177,540 shares during the period. Madison Asset Management LLC purchased a new position in Kinsale Capital Group during the first quarter worth $76,235,000. Finally, Premier Fund Managers Ltd lifted its position in shares of Kinsale Capital Group by 20,286.0% during the fourth quarter. Premier Fund Managers Ltd now owns 104,784 shares of the financial services provider's stock worth $48,813,000 after purchasing an additional 104,270 shares during the last quarter. Institutional investors own 85.36% of the company's stock.

Kinsale Capital Group Stock Up 0.2%

Shares of KNSL stock traded up $0.76 during trading hours on Friday, reaching $477.28. 411,327 shares of the company's stock were exchanged, compared to its average volume of 226,473. The stock's fifty day moving average price is $474.09 and its two-hundred day moving average price is $461.66. The stock has a market cap of $11.13 billion, a PE ratio of 24.90, a PEG ratio of 1.77 and a beta of 1.19. Kinsale Capital Group, Inc. has a 1 year low of $402.22 and a 1 year high of $531.79. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.12.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its earnings results on Thursday, July 24th. The financial services provider reported $4.78 EPS for the quarter, beating analysts' consensus estimates of $4.41 by $0.37. Kinsale Capital Group had a return on equity of 26.89% and a net margin of 25.92%. The firm had revenue of $458.70 million for the quarter, compared to analyst estimates of $436.25 million. During the same quarter in the prior year, the firm earned $3.75 earnings per share. Kinsale Capital Group's revenue for the quarter was up 22.2% on a year-over-year basis. Research analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, June 12th. Stockholders of record on Friday, May 30th were issued a dividend of $0.17 per share. This represents a dividend yield of 0.15%. The ex-dividend date of this dividend was Thursday, May 29th. Kinsale Capital Group's dividend payout ratio (DPR) is 3.55%.

Analyst Upgrades and Downgrades

KNSL has been the subject of several recent research reports. 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. JPMorgan Chase & Co. reduced their target price on shares of Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Bank of America initiated coverage on shares of Kinsale Capital Group in a report on Friday, June 20th. They issued a "buy" rating and a $543.00 target price for the company. Wall Street Zen upgraded shares of Kinsale Capital Group from a "sell" rating to a "hold" rating in a report on Sunday, June 22nd. Finally, Morgan Stanley boosted their target price on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $491.88.

Insider Buying and Selling at Kinsale Capital Group

In other news, EVP Diane D. Schnupp sold 1,398 shares of Kinsale Capital Group stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $472.00, for a total transaction of $659,856.00. Following the completion of the transaction, the executive vice president directly owned 6,646 shares of the company's stock, valued at $3,136,912. The trade was a 17.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.50% of the stock is currently owned by company insiders.

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.