Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Purchased by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS lifted its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 83.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,730 shares of the financial services provider's stock after buying an additional 13,530 shares during the quarter. Kornitzer Capital Management Inc. KS owned about 0.13% of Kinsale Capital Group worth $9,957,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of KNSL. Anchor Investment Management LLC acquired a new position in Kinsale Capital Group in the fourth quarter valued at about $25,000. Quarry LP bought a new stake in Kinsale Capital Group in the second quarter valued at approximately $28,000. Lazard Asset Management LLC bought a new position in shares of Kinsale Capital Group during the 1st quarter worth approximately $31,000. Emerald Advisers LLC bought a new position in shares of Kinsale Capital Group during the 3rd quarter worth approximately $33,000. Finally, Beacon Capital Management LLC acquired a new position in shares of Kinsale Capital Group during the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 85.36% of the company's stock.

Kinsale Capital Group Stock Performance

KNSL traded down $0.11 on Friday, reaching $451.81. 142,359 shares of the stock were exchanged, compared to its average volume of 164,978. The firm has a market capitalization of $10.48 billion, a PE ratio of 34.20 and a beta of 0.89. The company's 50-day moving average price is $491.30 and its 200 day moving average price is $415.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.12 and a quick ratio of 0.12. Kinsale Capital Group, Inc. has a fifty-two week low of $297.33 and a fifty-two week high of $548.47.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its quarterly earnings results on Friday, February 16th. The financial services provider reported $3.87 earnings per share for the quarter, topping analysts' consensus estimates of $3.44 by $0.43. Kinsale Capital Group had a return on equity of 31.52% and a net margin of 25.29%. The company had revenue of $351.17 million during the quarter, compared to analysts' expectations of $367.98 million. During the same quarter in the prior year, the firm posted $2.60 EPS. Kinsale Capital Group's quarterly revenue was up 41.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Kinsale Capital Group, Inc. will post 15.26 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Tuesday, February 27th were given a $0.15 dividend. The ex-dividend date of this dividend was Monday, February 26th. This is a positive change 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 is 4.54%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on Kinsale Capital Group from $375.00 to $420.00 and gave the company a "neutral" rating in a research report on Monday, February 26th. Royal Bank of Canada raised their target price on Kinsale Capital Group from $410.00 to $555.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 20th. Truist Financial raised their price target on Kinsale Capital Group from $450.00 to $600.00 and gave the company a "buy" rating in a report on Tuesday, February 20th. Finally, BMO Capital Markets cut Kinsale Capital Group from an "outperform" rating to a "market perform" rating and raised their price target for the company from $434.00 to $544.00 in a report 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. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $510.00.

Insider Buying and Selling

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

Kinsale Capital Group 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.