Fiduciary Family Office LLC purchased a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 653 shares of the financial services provider's stock, valued at approximately $318,000.
Several other large investors have also recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. lifted its position in shares of Kinsale Capital Group by 10.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,614 shares of the financial services provider's stock worth $1,272,000 after purchasing an additional 254 shares during the last quarter. Bridges Investment Management Inc. raised its stake in Kinsale Capital Group by 111.5% during the first quarter. Bridges Investment Management Inc. now owns 5,026 shares of the financial services provider's stock worth $2,446,000 after acquiring an additional 2,650 shares during the period. M&T Bank Corp increased its stake in shares of Kinsale Capital Group by 43.4% in the first quarter. M&T Bank Corp now owns 3,672 shares of the financial services provider's stock valued at $1,787,000 after purchasing an additional 1,111 shares during the period. Artemis Investment Management LLP increased its stake in shares of Kinsale Capital Group by 43.9% in the first quarter. Artemis Investment Management LLP now owns 80,924 shares of the financial services provider's stock valued at $39,387,000 after purchasing an additional 24,681 shares during the period. Finally, Moody Aldrich Partners LLC acquired a new stake in shares of Kinsale Capital Group in the first quarter valued at approximately $270,000. 85.36% of the stock is currently owned by institutional investors and hedge funds.
Kinsale Capital Group Price Performance
Shares of KNSL stock opened at $437.97 on Friday. Kinsale Capital Group, Inc. has a 1 year low of $405.00 and a 1 year high of $531.79. The firm's 50 day moving average is $469.82 and its 200-day moving average is $462.71. The firm has a market capitalization of $10.20 billion, a price-to-earnings ratio of 22.85, a PEG ratio of 1.62 and a beta of 1.12. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.11.
Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced its earnings results on Thursday, July 24th. The financial services provider reported $4.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.41 by $0.37. The company had revenue of $458.70 million for the quarter, compared to analyst estimates of $436.25 million. Kinsale Capital Group had a net margin of 25.92% and a return on equity of 25.93%. Kinsale Capital Group's quarterly revenue was up 22.2% on a year-over-year basis. During the same period in the prior year, the business earned $3.75 earnings per share. Sell-side analysts forecast that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.
Kinsale Capital Group Announces Dividend
The company also recently announced a dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 30th were paid a $0.17 dividend. This represents a yield of 15.0%. The ex-dividend date of this dividend was Thursday, May 29th. Kinsale Capital Group's dividend payout ratio is presently 3.55%.
Insider Buying and Selling
In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 1,398 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $472.00, for a total value of $659,856.00. Following the completion of the sale, the executive vice president owned 6,646 shares of the company's stock, valued at approximately $3,136,912. This represents a 17.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.50% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently commented on KNSL shares. Wall Street Zen upgraded shares of Kinsale Capital Group from a "sell" rating to a "hold" rating in a research note on Sunday, June 22nd. Compass Point raised their price objective on shares of Kinsale Capital Group from $432.00 to $490.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. BMO Capital Markets increased their target price on shares of Kinsale Capital Group from $429.00 to $474.00 and gave the stock a "market perform" rating in a research report on Tuesday, July 29th. JPMorgan Chase & Co. raised their price target on shares of Kinsale Capital Group from $440.00 to $460.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Finally, Bank of America assumed coverage on shares of Kinsale Capital Group in a report on Friday, June 20th. They set a "buy" rating and a $543.00 price target on the stock. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Kinsale Capital Group has a consensus rating of "Hold" and an average target price of $506.44.
Check Out Our Latest Analysis on KNSL
About Kinsale Capital Group
(
Free Report)
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.
Further Reading
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