Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Acquired by Artemis Investment Management LLP

Artemis Investment Management LLP boosted its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 43.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,924 shares of the financial services provider's stock after purchasing an additional 24,681 shares during the period. Artemis Investment Management LLP owned approximately 0.35% of Kinsale Capital Group worth $39,387,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. increased its position in shares of Kinsale Capital Group by 11.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 200 shares of the financial services provider's stock worth $93,000 after purchasing an additional 21 shares during the last quarter. Coldstream Capital Management Inc. increased its holdings in Kinsale Capital Group by 1.7% in the fourth quarter. Coldstream Capital Management Inc. now owns 1,469 shares of the financial services provider's stock valued at $683,000 after buying an additional 25 shares during the last quarter. Strategic Advisors LLC raised its stake in Kinsale Capital Group by 0.6% during the first quarter. Strategic Advisors LLC now owns 5,277 shares of the financial services provider's stock valued at $2,568,000 after buying an additional 30 shares in the last quarter. Fielder Capital Group LLC lifted its holdings in Kinsale Capital Group by 5.5% during the 4th quarter. Fielder Capital Group LLC now owns 595 shares of the financial services provider's stock worth $277,000 after buying an additional 31 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in Kinsale Capital Group by 1.2% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,250 shares of the financial services provider's stock worth $1,512,000 after buying an additional 38 shares during the last quarter. 85.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on KNSL shares. JPMorgan Chase & Co. lowered their price target on 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 started coverage on shares of Kinsale Capital Group in a research note on Friday, June 20th. They set a "buy" rating and a $543.00 target price for the company. Truist Financial dropped their target price on shares of Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Wall Street Zen raised 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 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 investment 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, the company currently has a consensus rating of "Hold" and an average target price of $491.88.

Insiders Place Their Bets

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 value of $659,856.00. Following the transaction, the executive vice president now directly owns 6,646 shares of the company's stock, valued at $3,136,912. This trade represents a 17.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.50% of the stock is owned by insiders.

Kinsale Capital Group Trading Up 2.4%

Shares of NYSE:KNSL opened at $476.90 on Friday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.12. The company's 50-day moving average price is $463.69 and its 200 day moving average price is $459.95. The company has a market cap of $11.12 billion, a PE ratio of 27.44, a P/E/G ratio of 1.73 and a beta of 1.20. Kinsale Capital Group, Inc. has a fifty-two week low of $366.92 and a fifty-two week high of $531.79.

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

Kinsale Capital Group Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 30th were paid 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 payout ratio is 3.91%.

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.

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