Calamos Advisors LLC Cuts Stock Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Calamos Advisors LLC lowered its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 54.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,146 shares of the financial services provider's stock after selling 2,553 shares during the period. Calamos Advisors LLC's holdings in Kinsale Capital Group were worth $719,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of KNSL. CWM LLC boosted its position in shares of Kinsale Capital Group by 9.6% in the third quarter. CWM LLC now owns 286 shares of the financial services provider's stock valued at $118,000 after acquiring an additional 25 shares during the period. Janney Montgomery Scott LLC lifted its position in Kinsale Capital Group by 1.9% during the third quarter. Janney Montgomery Scott LLC now owns 1,554 shares of the financial services provider's stock valued at $643,000 after purchasing an additional 29 shares during the last quarter. Pearl River Capital LLC lifted its position in Kinsale Capital Group by 5.2% during the third quarter. Pearl River Capital LLC now owns 604 shares of the financial services provider's stock valued at $250,000 after purchasing an additional 30 shares during the last quarter. Blackhawk Capital Partners LLC. lifted its position in Kinsale Capital Group by 1.1% during the fourth quarter. Blackhawk Capital Partners LLC. now owns 2,655 shares of the financial services provider's stock valued at $889,000 after purchasing an additional 30 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in Kinsale Capital Group by 7.2% during the third quarter. Fifth Third Bancorp now owns 479 shares of the financial services provider's stock valued at $198,000 after purchasing an additional 32 shares during the last quarter. Hedge funds and other institutional investors own 85.36% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on KNSL. Truist Financial lifted 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 report on Tuesday, February 20th. BMO Capital Markets lowered shares of Kinsale Capital Group from an "outperform" rating to a "market perform" rating and lifted their target price for the company from $434.00 to $544.00 in a research report on Wednesday, February 28th. JPMorgan Chase & Co. lifted 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 report on Monday, February 26th. Finally, Royal Bank of Canada lifted their target price on shares of Kinsale Capital Group from $410.00 to $555.00 and gave the company an "outperform" rating in a research report on Tuesday, February 20th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Kinsale Capital Group has an average rating of "Hold" and a consensus price target of $510.00.

Insider Buying and Selling at Kinsale Capital Group

In other Kinsale Capital Group news, CEO Michael P. Kehoe sold 4,000 shares of the business's stock in a transaction on Monday, March 4th. The shares were 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 directly owns 303,972 shares of the company's stock, valued at approximately $159,199,255.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Frederick L. Jr. Russell sold 2,000 shares of the company's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $524.09, for a total value of $1,048,180.00. Following the sale, the director now directly owns 887 shares of the company's stock, valued at approximately $464,867.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 sale, the chief executive officer now directly owns 303,972 shares in the company, valued at $159,199,255.56. The disclosure for this sale can be found here. Insiders own 5.60% of the company's stock.

Kinsale Capital Group Trading Up 2.6 %

Shares of NYSE KNSL traded up $11.68 during mid-day trading on Monday, hitting $463.49. The stock had a trading volume of 196,764 shares, compared to its average volume of 182,558. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.12 and a current ratio of 0.12. Kinsale Capital Group, Inc. has a 1 year low of $297.33 and a 1 year high of $548.47. The business has a 50 day moving average price of $491.30 and a two-hundred day moving average price of $415.31. The firm has a market cap of $10.75 billion, a P/E ratio of 35.09 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 EPS for the quarter, topping the consensus estimate of $3.44 by $0.43. Kinsale Capital Group had a net margin of 25.29% and a return on equity of 31.52%. The company had revenue of $351.17 million for the quarter, compared to the consensus estimate of $367.98 million. During the same period in the previous year, the firm earned $2.60 earnings per share. The firm's revenue for the quarter was up 41.5% on a year-over-year basis. On average, equities analysts anticipate that Kinsale Capital Group, Inc. will post 15.26 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Tuesday, February 27th were given a dividend of $0.15 per share. 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 yield of 0.13%. The ex-dividend date was Monday, February 26th. Kinsale Capital Group's payout ratio is presently 4.54%.

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.