Stephens Investment Management Group LLC Raises Stock Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Stephens Investment Management Group LLC increased its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 10.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 189,678 shares of the financial services provider's stock after acquiring an additional 17,640 shares during the period. Kinsale Capital Group comprises approximately 1.3% of Stephens Investment Management Group LLC's portfolio, making the stock its 21st biggest holding. Stephens Investment Management Group LLC owned about 0.81% of Kinsale Capital Group worth $92,318,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of KNSL. GAMMA Investing LLC grew its holdings in shares of Kinsale Capital Group by 59,220.7% in the first quarter. GAMMA Investing LLC now owns 309,061 shares of the financial services provider's stock valued at $150,423,000 after acquiring an additional 308,540 shares in the last quarter. Norges Bank bought a new position in Kinsale Capital Group during the fourth quarter valued at $89,200,000. Alliancebernstein L.P. grew its holdings in Kinsale Capital Group by 486.3% during the fourth quarter. Alliancebernstein L.P. now owns 214,045 shares of the financial services provider's stock valued at $99,559,000 after purchasing an additional 177,540 shares during the period. Premier Fund Managers Ltd grew its holdings in Kinsale Capital Group by 20,286.0% during the fourth quarter. Premier Fund Managers Ltd now owns 104,784 shares of the financial services provider's stock valued at $48,813,000 after purchasing an additional 104,270 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in Kinsale Capital Group during the fourth quarter valued at $22,933,000. 85.36% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Diane D. Schnupp sold 1,398 shares of the 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 sale, the executive vice president owned 6,646 shares in the company, valued at approximately $3,136,912. This trade represents a 17.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 5.50% of the company's stock.

Kinsale Capital Group Stock Performance

Shares of Kinsale Capital Group stock traded down $7.48 during trading hours on Friday, reaching $481.67. The company had a trading volume of 245,295 shares, compared to its average volume of 181,507. Kinsale Capital Group, Inc. has a one year low of $366.92 and a one year high of $531.79. The business has a fifty day simple moving average of $468.84 and a 200 day simple moving average of $459.39. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.11 and a quick ratio of 0.11. The firm has a market cap of $11.23 billion, a PE ratio of 27.71, a price-to-earnings-growth ratio of 1.78 and a beta of 1.19.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $3.71 EPS for the quarter, topping 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 firm had revenue of $423.40 million during the quarter, compared to analyst estimates of $425.73 million. During the same period last year, the company earned $3.50 earnings per share. The business's revenue for the quarter was up 7.9% on a year-over-year basis. On average, analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 30th were given a $0.17 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a dividend yield of 0.15%. Kinsale Capital Group's dividend payout ratio (DPR) is presently 3.91%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Morgan Stanley increased their price objective on Kinsale Capital Group from $490.00 to $525.00 and gave the company an "overweight" rating in a report on Monday, May 19th. Wall Street Zen raised Kinsale Capital Group from a "sell" rating to a "hold" rating in a report on Sunday, June 22nd. Truist Financial reduced their price objective on Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating for the company in a report on Monday, April 28th. Bank of America assumed coverage on Kinsale Capital Group in a report on Friday, June 20th. They set a "buy" rating and a $543.00 price objective for the company. Finally, JPMorgan Chase & Co. reduced their price objective 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. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Kinsale Capital Group currently has a consensus rating of "Hold" and an average target price of $491.88.

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.