Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Purchased by Norden Group LLC

Key Points

• Norden Group LLC significantly increased its stake in Kinsale Capital Group by 57.5% in the 1st quarter, owning 2,227 shares valued at approximately $1.08 million.
• In recent trading, shares of Kinsale Capital Group (NYSE: KNSL) opened at $472.04, with a market capitalization of $11 billion and a P/E ratio of 24.62.
• The company reported $4.78 EPS for the last quarter, exceeding analysts' expectations and reflecting a 22.2% year-over-year revenue growth.

Norden Group LLC increased its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 57.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,227 shares of the financial services provider's stock after purchasing an additional 813 shares during the period. Norden Group LLC's holdings in Kinsale Capital Group were worth $1,084,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Coldstream Capital Management Inc. increased its position in Kinsale Capital Group by 1.7% during the fourth quarter. Coldstream Capital Management Inc. now owns 1,469 shares of the financial services provider's stock worth $683,000 after purchasing an additional 25 shares during the last quarter. Private Trust Co. NA increased its position in shares of Kinsale Capital Group by 2.1% during the first quarter. Private Trust Co. NA now owns 1,288 shares of the financial services provider's stock valued at $627,000 after acquiring an additional 27 shares during the last quarter. Strategic Advisors LLC increased its position in shares of 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 acquiring an additional 30 shares during the last quarter. Xponance Inc. increased its position in shares of Kinsale Capital Group by 0.7% during the first quarter. Xponance Inc. now owns 4,496 shares of the financial services provider's stock valued at $2,188,000 after acquiring an additional 30 shares during the last quarter. Finally, Wealth Alliance LLC increased its position in shares of Kinsale Capital Group by 6.0% during the first quarter. Wealth Alliance LLC now owns 565 shares of the financial services provider's stock valued at $275,000 after acquiring an additional 32 shares during the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Kinsale Capital Group

In related 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 completion of the transaction, the executive vice president owned 6,646 shares in the company, valued at $3,136,912. The trade was a 17.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.50% of the stock is owned by corporate insiders.

Kinsale Capital Group Stock Down 1.1%

Shares of NYSE KNSL opened at $472.04 on Tuesday. The stock has a market cap of $11.00 billion, a P/E ratio of 24.62, a PEG ratio of 1.76 and a beta of 1.19. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.11. Kinsale Capital Group, Inc. has a 12-month low of $405.00 and a 12-month high of $531.79. The business's fifty day simple moving average is $474.09 and its 200-day simple moving average is $462.32.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.41 by $0.37. Kinsale Capital Group had a net margin of 25.92% and a return on equity of 25.93%. The company had revenue of $458.70 million during the quarter, compared to the consensus estimate of $436.25 million. During the same quarter in the previous year, the firm earned $3.75 earnings per share. The firm's quarterly revenue was up 22.2% on a year-over-year basis. As a group, equities analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 30th were paid a $0.17 dividend. The ex-dividend date was Thursday, May 29th. This represents a yield of 0.15%. Kinsale Capital Group's dividend payout ratio is currently 3.55%.

Analyst Ratings Changes

KNSL has been the subject of a number of recent analyst reports. Bank of America initiated coverage on shares of Kinsale Capital Group in a research report on Friday, June 20th. They set a "buy" rating and a $543.00 price target for the company. JPMorgan Chase & Co. lifted their price target on shares of Kinsale Capital Group from $440.00 to $460.00 and gave the company a "neutral" rating in a research report on Monday. Wall Street Zen upgraded shares of Kinsale Capital Group from a "sell" rating to a "hold" rating in a research report on Sunday, June 22nd. Morgan Stanley lifted their price target 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. Finally, Truist Financial lifted their price target on shares of Kinsale Capital Group from $500.00 to $560.00 and gave the company a "buy" rating in a research report on Monday. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $505.00.

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.

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