Congress Asset Management Co. Has $26.88 Million Stake in Kinsale Capital Group, Inc. (NYSE:KNSL)

Congress Asset Management Co. lifted its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 8.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,234 shares of the financial services provider's stock after purchasing an additional 4,385 shares during the period. Congress Asset Management Co. owned approximately 0.24% of Kinsale Capital Group worth $26,883,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Kinsale Capital Group in the fourth quarter worth about $25,000. Bank of Jackson Hole Trust acquired a new position in Kinsale Capital Group in the 4th quarter worth approximately $31,000. Larson Financial Group LLC grew its position in Kinsale Capital Group by 7,400.0% during the 4th quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider's stock worth $35,000 after purchasing an additional 74 shares in the last quarter. NBC Securities Inc. acquired a new stake in Kinsale Capital Group during the 1st quarter valued at $35,000. Finally, Allworth Financial LP lifted its holdings in shares of Kinsale Capital Group by 450.0% in the fourth quarter. Allworth Financial LP now owns 88 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 72 shares in the last quarter. 85.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KNSL has been the topic of a number of research analyst reports. Truist Financial lowered their price target on Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating on the stock in a report on Monday, April 28th. JMP Securities reiterated a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Morgan Stanley raised their price target 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. JPMorgan Chase & Co. decreased 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 research note on Monday, April 28th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $500.00 price target on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $484.57.

Kinsale Capital Group Stock Down 0.3%

NYSE KNSL traded down $1.59 during trading on Wednesday, reaching $457.65. The company's stock had a trading volume of 223,625 shares, compared to its average volume of 173,132. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $10.67 billion, a PE ratio of 25.61, a PEG ratio of 1.66 and a beta of 1.20. Kinsale Capital Group, Inc. has a 1-year low of $366.92 and a 1-year high of $531.79. The business has a 50-day moving average price of $463.16 and a 200-day moving average price of $462.85.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $423.40 million during 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 for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the company posted $3.50 earnings per share. On average, research analysts forecast that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

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

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 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 completion of the sale, the executive vice president now directly owns 6,646 shares in the company, valued at $3,136,912. This represents a 17.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.50% of the stock is currently owned by corporate 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.