Kinsale Capital Group, Inc. $KNSL Shares Acquired by Northern Trust Corp

Key Points

• Northern Trust Corp increased its stake in Kinsale Capital Group by 3.0% during the first quarter, now owning approximately 0.96% of the company valued at $108.6 million.
• Kinsale Capital Group reported an earnings per share (EPS) of $4.78 for the last quarter, exceeding analyst estimates of $4.41, with a revenue of $458.70 million, up 22.2% from the previous year.
• The company declared a quarterly dividend of $0.17, set to be paid on September 11th, yielding an annualized dividend of $0.68 with a payout ratio of 3.55%.

Northern Trust Corp boosted its stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 3.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 223,116 shares of the financial services provider's stock after buying an additional 6,500 shares during the period. Northern Trust Corp owned approximately 0.96% of Kinsale Capital Group worth $108,593,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of KNSL. Key Financial Inc raised its holdings in Kinsale Capital Group by 315.4% in the 1st quarter. Key Financial Inc now owns 54 shares of the financial services provider's stock valued at $26,000 after buying an additional 41 shares during the period. N.E.W. Advisory Services LLC purchased a new stake in Kinsale Capital Group in the 1st quarter valued at about $31,000. NBC Securities Inc. purchased a new stake in Kinsale Capital Group in the 1st quarter valued at about $35,000. von Borstel & Associates Inc. purchased a new stake in Kinsale Capital Group in the 1st quarter valued at about $42,000. Finally, Anderson Financial Strategies LLC purchased a new stake in Kinsale Capital Group in the 4th quarter valued at about $54,000. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Kinsale Capital Group Stock Up 0.4%

KNSL traded up $1.75 on Friday, reaching $457.07. The company's stock had a trading volume of 26,043 shares, compared to its average volume of 205,271. The stock has a 50 day moving average of $465.25 and a two-hundred day moving average of $462.18. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $10.65 billion, a price-to-earnings ratio of 23.84, a P/E/G ratio of 1.67 and a beta of 1.12. Kinsale Capital Group, Inc. has a fifty-two week low of $405.00 and a fifty-two week high of $531.79.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The financial services provider reported $4.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.41 by $0.37. The firm had revenue of $458.70 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the company posted $3.75 earnings per share. As a group, analysts forecast that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Friday, August 29th. Kinsale Capital Group's dividend payout ratio is 3.55%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on KNSL shares. Cantor Fitzgerald upgraded shares of Kinsale Capital Group to a "hold" rating in a research note on Wednesday, August 13th. 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 price target on the stock. Wall Street Zen upgraded shares of Kinsale Capital Group from a "sell" rating to a "hold" rating in a research note on Sunday, June 22nd. Compass Point boosted their price target on shares of Kinsale Capital Group from $432.00 to $490.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Finally, BMO Capital Markets boosted their price target on shares of Kinsale Capital Group from $429.00 to $474.00 and gave the stock a "market perform" rating in a research note on Tuesday, July 29th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Kinsale Capital Group currently has an average rating of "Hold" and a consensus price target of $505.80.

Insider Transactions at Kinsale Capital Group

In related 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 completion of the transaction, the executive vice president directly owned 6,646 shares of the company's stock, valued at $3,136,912. This represents a 17.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.50% of the stock is owned by company insiders.

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.