Jefferies Financial Group Inc. Buys 899 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Key Points

• Jefferies Financial Group Inc. increased its stake in Kinsale Capital Group by 185.7%, acquiring an additional 899 shares during the first quarter, bringing its total position to 1,383 shares valued at $673,000.
• Institutional investors and hedge funds collectively own 85.36% of Kinsale Capital Group's stock, with various firms making significant increases to their positions during the fourth quarter.
• Kinsale Capital Group recently announced a dividend of $0.17 per share, reflecting a yield of 15.0%, with a payout ratio of 3.55%.

Jefferies Financial Group Inc. lifted its stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 185.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,383 shares of the financial services provider's stock after buying an additional 899 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Kinsale Capital Group were worth $673,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of KNSL. Alberta Investment Management Corp purchased a new position in Kinsale Capital Group during the first quarter valued at $681,000. US Bancorp DE boosted its holdings in shares of Kinsale Capital Group by 17.9% during the 1st quarter. US Bancorp DE now owns 4,045 shares of the financial services provider's stock valued at $1,969,000 after purchasing an additional 614 shares during the last quarter. Nicolet Advisory Services LLC grew its position in shares of Kinsale Capital Group by 5.3% during the first quarter. Nicolet Advisory Services LLC now owns 1,593 shares of the financial services provider's stock valued at $762,000 after purchasing an additional 80 shares in the last quarter. Natixis Advisors LLC increased its holdings in shares of Kinsale Capital Group by 261.8% in the first quarter. Natixis Advisors LLC now owns 58,914 shares of the financial services provider's stock worth $28,674,000 after purchasing an additional 42,630 shares during the last quarter. Finally, NorthRock Partners LLC bought a new stake in shares of Kinsale Capital Group in the first quarter worth about $203,000. Hedge funds and other institutional investors own 85.36% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Truist Financial raised their price target on Kinsale Capital Group from $500.00 to $560.00 and gave the company a "buy" rating in a report on Monday, July 28th. BMO Capital Markets increased their target price on Kinsale Capital Group from $429.00 to $474.00 and gave the company a "market perform" rating in a research report on Tuesday, July 29th. Compass Point raised their target price on shares of Kinsale Capital Group from $432.00 to $490.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Wall Street Zen raised shares of Kinsale Capital Group from a "sell" rating to a "hold" rating in a research note on Sunday, June 22nd. Finally, Morgan Stanley increased their price objective on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $506.44.

Insider Transactions at Kinsale Capital Group

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

Kinsale Capital Group Trading Up 0.0%

Shares of KNSL traded up $0.15 during midday trading on Wednesday, hitting $444.35. The stock had a trading volume of 123,575 shares, compared to its average volume of 224,422. The stock's 50 day moving average is $471.55 and its 200 day moving average is $462.67. The firm has a market cap of $10.35 billion, a PE ratio of 23.18, a price-to-earnings-growth ratio of 1.64 and a beta of 1.12. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.10 and a quick ratio of 0.10. Kinsale Capital Group, Inc. has a 1 year low of $405.00 and a 1 year high of $531.79.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The financial services provider reported $4.78 EPS for the quarter, beating the consensus estimate of $4.41 by $0.37. The company had revenue of $458.70 million for the quarter, compared to the consensus estimate of $436.25 million. Kinsale Capital Group had a net margin of 25.92% and a return on equity of 25.93%. The firm's revenue was up 22.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.75 EPS. As a group, analysts forecast that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The firm also recently declared a dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 30th were paid a dividend of $0.17 per share. This represents a dividend yield of 15.0%. The ex-dividend date of this dividend was Thursday, May 29th. Kinsale Capital Group's dividend payout ratio (DPR) is currently 3.55%.

Kinsale Capital Group Company 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.