National Bank of Canada FI Acquires 1,583 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

National Bank of Canada FI grew its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 16.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,482 shares of the financial services provider's stock after acquiring an additional 1,583 shares during the quarter. National Bank of Canada FI's holdings in Kinsale Capital Group were worth $5,580,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of KNSL. Key Financial Inc grew its holdings in Kinsale Capital Group by 315.4% during the first quarter. Key Financial Inc now owns 54 shares of the financial services provider's stock worth $26,000 after buying an additional 41 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in Kinsale Capital Group during the first quarter worth $31,000. NBC Securities Inc. bought a new stake in Kinsale Capital Group during the first quarter worth $35,000. von Borstel & Associates Inc. bought a new stake in Kinsale Capital Group during the first quarter worth $42,000. Finally, Anderson Financial Strategies LLC bought a new position in Kinsale Capital Group in the 4th quarter valued at $54,000. Institutional investors own 85.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Morgan Stanley upped their price objective on Kinsale Capital Group from $490.00 to $525.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. Bank of America assumed coverage on Kinsale Capital Group in a research note on Friday, June 20th. They issued a "buy" rating and a $543.00 price objective for the company. Cantor Fitzgerald upgraded Kinsale Capital Group to a "hold" rating in a research note on Wednesday. Truist Financial upped their price objective on Kinsale Capital Group from $500.00 to $560.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Finally, JPMorgan Chase & Co. upped their price objective on Kinsale Capital Group from $440.00 to $460.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Kinsale Capital Group has a consensus rating of "Hold" and a consensus price target of $505.80.

Kinsale Capital Group Stock Performance

Shares of NYSE KNSL traded down $10.21 during trading on Friday, reaching $443.47. 245,972 shares of the stock traded hands, compared to its average volume of 207,819. Kinsale Capital Group, Inc. has a 52-week low of $405.00 and a 52-week high of $531.79. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.10 and a quick ratio of 0.10. The company has a 50-day moving average of $467.02 and a 200-day moving average of $462.77. The stock has a market capitalization of $10.33 billion, a P/E ratio of 23.13, a price-to-earnings-growth ratio of 1.67 and a beta of 1.12.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $458.70 million for the quarter, compared to analysts' expectations of $436.25 million. Kinsale Capital Group had a return on equity of 25.93% and a net margin of 25.92%. The firm's quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.75 EPS. Analysts forecast that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

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

Insider Transactions at Kinsale Capital Group

In related news, EVP Diane D. Schnupp sold 1,398 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $472.00, for a total transaction of $659,856.00. Following 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 5.50% of the company's stock.

Kinsale Capital Group 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.