US Bancorp DE Has $1.97 Million Stock Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Key Points

• US Bancorp DE increased its holdings in Kinsale Capital Group by 17.9% in the first quarter, amounting to nearly $1.97 million in value after acquiring additional shares.
• Several institutional investors have also boosted their stakes in Kinsale, with notable increases from GAMMA Investing LLC at over 59,220.7% and DAVENPORT & Co LLC by 6.2%.
• Analysts have mixed ratings on Kinsale Capital Group, with price targets ranging from $429.00 to $560.00, indicating general market confidence but caution among some analysts.

US Bancorp DE grew its stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 17.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,045 shares of the financial services provider's stock after purchasing an additional 614 shares during the quarter. US Bancorp DE's holdings in Kinsale Capital Group were worth $1,969,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of KNSL. Key Financial Inc raised its position in shares of Kinsale Capital Group by 315.4% in the first quarter. Key Financial Inc now owns 54 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 41 shares during the period. N.E.W. Advisory Services LLC bought a new position in shares of Kinsale Capital Group in the first quarter valued at about $31,000. NBC Securities Inc. acquired a new position in shares of Kinsale Capital Group in the first quarter valued at about $35,000. von Borstel & Associates Inc. bought a new position in Kinsale Capital Group during the first quarter worth about $42,000. Finally, Anderson Financial Strategies LLC bought a new position in Kinsale Capital Group during the fourth quarter worth about $54,000. 85.36% of the stock is owned by institutional investors.

Insider Buying and Selling at Kinsale Capital Group

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

Kinsale Capital Group Price Performance

Kinsale Capital Group stock traded down $2.51 during trading hours on Tuesday, reaching $434.69. 71,838 shares of the stock were exchanged, compared to its average volume of 206,220. The company has a market cap of $10.13 billion, a P/E ratio of 22.68, a price-to-earnings-growth ratio of 1.62 and a beta of 1.12. 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 twelve month low of $405.00 and a twelve month high of $531.79. The stock has a 50 day moving average of $469.11 and a two-hundred day moving average of $462.95.

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

Kinsale Capital Group Dividend Announcement

The business also recently declared 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 (DPR) is presently 3.55%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on KNSL shares. Morgan Stanley raised their price target on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. BMO Capital Markets raised 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 report on Tuesday, July 29th. Wall Street Zen raised shares of Kinsale Capital Group from a "sell" rating to a "hold" rating in a research report on Sunday, June 22nd. Compass Point raised 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 report on Monday, July 28th. Finally, Bank of America started 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 on the stock. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $506.44.

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.