Lecap Asset Management Ltd. Takes $873,000 Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Lecap Asset Management Ltd. purchased a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,606 shares of the financial services provider's stock, valued at approximately $873,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KNSL. Louisiana State Employees Retirement System purchased a new position in Kinsale Capital Group during the fourth quarter valued at approximately $2,076,000. Valeo Financial Advisors LLC grew its position in Kinsale Capital Group by 38.5% in the fourth quarter. Valeo Financial Advisors LLC now owns 856 shares of the financial services provider's stock worth $287,000 after acquiring an additional 238 shares in the last quarter. Cerity Partners LLC bought a new stake in Kinsale Capital Group in the fourth quarter worth approximately $404,000. Harbor Investment Advisory LLC boosted its holdings in shares of Kinsale Capital Group by 17.9% during the 4th quarter. Harbor Investment Advisory LLC now owns 231 shares of the financial services provider's stock worth $77,000 after buying an additional 35 shares during the period. Finally, Dearborn Partners LLC bought a new stake in shares of Kinsale Capital Group during the 4th quarter worth $208,000. 85.36% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Michael P. Kehoe sold 4,000 shares of the business's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $523.73, for a total value of $2,094,920.00. Following the completion of the transaction, the chief executive officer now owns 303,972 shares of the company's stock, valued at $159,199,255.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Kinsale Capital Group news, CEO Michael P. Kehoe sold 4,000 shares of the business's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $523.73, for a total transaction of $2,094,920.00. Following the completion of the transaction, the chief executive officer now owns 303,972 shares of the company's stock, valued at $159,199,255.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Frederick L. Jr. Russell sold 2,000 shares of the business's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $524.09, for a total value of $1,048,180.00. Following the transaction, the director now directly owns 887 shares of the company's stock, valued at approximately $464,867.83. The disclosure for this sale can be found here. 6.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

KNSL has been the subject of several research analyst reports. Truist Financial upped their target price on shares of Kinsale Capital Group from $450.00 to $600.00 and gave the company a "buy" rating in a research note on Tuesday, February 20th. JPMorgan Chase & Co. upped their target price on shares of Kinsale Capital Group from $375.00 to $420.00 and gave the company a "neutral" rating in a research note on Monday, February 26th. Royal Bank of Canada increased their price objective on shares of Kinsale Capital Group from $410.00 to $555.00 and gave the company an "outperform" rating in a research note on Tuesday, February 20th. Finally, BMO Capital Markets cut shares of Kinsale Capital Group from an "outperform" rating to a "market perform" rating and increased their price objective for the company from $434.00 to $544.00 in a research note on Wednesday, February 28th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $510.00.

Kinsale Capital Group Price Performance

NYSE:KNSL traded down $1.87 during mid-day trading on Friday, reaching $450.96. 114,061 shares of the company were exchanged, compared to its average volume of 167,728. Kinsale Capital Group, Inc. has a 12 month low of $297.33 and a 12 month high of $548.47. The company has a fifty day moving average of $486.84 and a 200 day moving average of $414.02. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.17. The stock has a market cap of $10.46 billion, a PE ratio of 34.14 and a beta of 0.89.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its earnings results on Friday, February 16th. The financial services provider reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.44 by $0.43. The company had revenue of $351.17 million for the quarter, compared to analyst estimates of $367.98 million. Kinsale Capital Group had a net margin of 25.29% and a return on equity of 31.52%. The company's revenue for the quarter was up 41.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.60 EPS. On average, research analysts anticipate that Kinsale Capital Group, Inc. will post 15.26 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Tuesday, February 27th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, February 26th. This is an increase from Kinsale Capital Group's previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.13%. Kinsale Capital Group's dividend payout ratio (DPR) is 4.54%.

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.