Westfield Capital Management Co. LP Has $25.13 Million Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Key Points

• Westfield Capital Management Co. LP has significantly reduced its stake in Kinsale Capital Group by 58.3%, now owning approximately $25.1 million worth of shares.
• Several institutional investors, such as GAMMA Investing LLC and Natixis Advisors LLC, have made substantial additions to their holdings in Kinsale Capital Group, indicating strong institutional interest in the company.
• Kinsale Capital Group recently reported quarterly earnings of $4.78 per share, surpassing analysts' expectations and reflecting a 22.2% year-over-year revenue increase.

Westfield Capital Management Co. LP lowered its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 58.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,624 shares of the financial services provider's stock after selling 72,226 shares during the period. Westfield Capital Management Co. LP owned 0.22% of Kinsale Capital Group worth $25,126,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in KNSL. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Kinsale Capital Group during the fourth quarter valued at $3,746,000. O Shaughnessy Asset Management LLC lifted its position in Kinsale Capital Group by 29.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,026 shares of the financial services provider's stock worth $477,000 after buying an additional 236 shares during the period. National Bank of Canada FI lifted its position in Kinsale Capital Group by 7.0% during the fourth quarter. National Bank of Canada FI now owns 9,899 shares of the financial services provider's stock worth $4,604,000 after buying an additional 649 shares during the period. Thoroughbred Financial Services LLC purchased a new position in Kinsale Capital Group during the fourth quarter worth about $262,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Kinsale Capital Group during the fourth quarter worth about $428,000. Institutional investors and hedge funds own 85.36% of the company's stock.

Insider Buying and Selling at Kinsale Capital Group

In other news, EVP Diane D. Schnupp sold 1,398 shares of the company's stock in a transaction that occurred 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 directly owned 6,646 shares in the company, valued at approximately $3,136,912. This represents a 17.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 5.50% of the company's stock.

Kinsale Capital Group Stock Up 0.0%

Shares of NYSE:KNSL traded up $0.15 on Wednesday, reaching $444.35. The company had a trading volume of 123,575 shares, compared to its average volume of 224,422. Kinsale Capital Group, Inc. has a twelve month low of $405.00 and a twelve month high of $531.79. The stock has a 50-day moving average price of $471.55 and a 200 day moving average price of $462.67. The stock has a market capitalization of $10.35 billion, a P/E ratio of 23.18, a P/E/G ratio of 1.64 and a beta of 1.12. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.11.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The financial services provider reported $4.78 earnings per share for the quarter, topping the consensus estimate of $4.41 by $0.37. Kinsale Capital Group had a return on equity of 25.93% and a net margin of 25.92%. The business had revenue of $458.70 million during the quarter, compared to analysts' expectations of $436.25 million. During the same quarter in the previous year, the firm earned $3.75 EPS. The firm's revenue was up 22.2% compared to the same quarter last year. On average, equities analysts expect that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Announces Dividend

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

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. BMO Capital Markets increased their target price on Kinsale Capital Group from $429.00 to $474.00 and gave the stock a "market perform" rating in a research report on Tuesday, July 29th. Wall Street Zen upgraded Kinsale Capital Group from a "sell" rating to a "hold" rating in a research report on Sunday, June 22nd. Bank of America started coverage on Kinsale Capital Group in a research report on Friday, June 20th. They set a "buy" rating and a $543.00 target price on the stock. JPMorgan Chase & Co. raised their price objective on Kinsale Capital Group from $440.00 to $460.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Finally, Morgan Stanley raised their price objective on Kinsale Capital Group from $490.00 to $525.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $506.44.

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.