Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 50.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,877 shares of the financial services provider's stock after purchasing an additional 8,635 shares during the quarter. Russell Investments Group Ltd. owned 0.11% of Kinsale Capital Group worth $8,667,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Truist Financial Corp raised its holdings in shares of Kinsale Capital Group by 3.2% in the 4th quarter. Truist Financial Corp now owns 19,415 shares of the financial services provider's stock valued at $6,502,000 after buying an additional 605 shares during the period. Bahl & Gaynor Inc. grew its stake in Kinsale Capital Group by 1.4% during the 4th quarter. Bahl & Gaynor Inc. now owns 11,637 shares of the financial services provider's stock worth $3,897,000 after purchasing an additional 157 shares in the last quarter. Pittenger & Anderson Inc. grew its stake in Kinsale Capital Group by 1,127.5% during the 4th quarter. Pittenger & Anderson Inc. now owns 626 shares of the financial services provider's stock worth $210,000 after purchasing an additional 575 shares in the last quarter. Cumberland Partners Ltd acquired a new position in Kinsale Capital Group during the 4th quarter worth $335,000. Finally, South Dakota Investment Council acquired a new position in Kinsale Capital Group during the 4th quarter worth $4,579,000. Hedge funds and other institutional investors own 85.36% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on KNSL. Compass Point lowered their target price on Kinsale Capital Group from $490.00 to $390.00 and set a "neutral" rating for the company in a research note on Monday, April 29th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $425.00 price objective (down from $555.00) on shares of Kinsale Capital Group in a research report on Monday, April 29th. JPMorgan Chase & Co. upped their price objective on Kinsale Capital Group from $375.00 to $420.00 and gave the stock a "neutral" rating in a research report on Monday, February 26th. Truist Financial lowered their price objective on Kinsale Capital Group from $600.00 to $440.00 and set a "buy" rating for the company in a research report on Monday, April 29th. Finally, BMO Capital Markets lowered their price target on Kinsale Capital Group from $544.00 to $453.00 and set a "market perform" rating on the stock in a report on Tuesday, April 30th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $438.43.

Kinsale Capital Group Price Performance

Shares of KNSL traded up $2.19 during trading hours on Tuesday, reaching $396.17. 285,400 shares of the company traded hands, compared to its average volume of 205,509. The stock has a fifty day simple moving average of $473.84 and a 200 day simple moving average of $412.58. Kinsale Capital Group, Inc. has a fifty-two week low of $297.33 and a fifty-two week high of $548.47. The stock has a market capitalization of $9.22 billion, a PE ratio of 26.32 and a beta of 0.98. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.16.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.33 by $0.17. The company had revenue of $372.79 million for the quarter, compared to analysts' expectations of $366.45 million. Kinsale Capital Group had a net margin of 26.33% and a return on equity of 31.21%. The firm's revenue for the quarter was up 41.7% compared to the same quarter last year. During the same period last year, the company earned $2.44 EPS. As a group, research analysts predict that Kinsale Capital Group, Inc. will post 15.03 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders 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 annualized dividend and a yield of 0.15%. Kinsale Capital Group's payout ratio is 3.99%.

Insiders Place Their Bets

In other news, CEO Michael P. Kehoe sold 4,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $159,199,255.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Michael P. Kehoe sold 4,000 shares of Kinsale Capital Group stock in a transaction on 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 transaction, the chief executive officer now owns 303,972 shares in the company, valued at $159,199,255.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Brian D. Haney sold 3,778 shares of the company's stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $367.74, for a total value of $1,389,321.72. Following the sale, the chief operating officer now owns 95,850 shares of the company's stock, valued at $35,247,879. The disclosure for this sale can be found here. Insiders have sold a total of 9,778 shares of company stock valued at $4,532,422 in the last quarter. 5.60% of the stock is currently 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.