Van ECK Associates Corp Boosts Stock Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Van ECK Associates Corp raised its position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 46.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 6,754 shares of the financial services provider's stock after buying an additional 2,136 shares during the period. Van ECK Associates Corp's holdings in Kinsale Capital Group were worth $2,262,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its stake in Kinsale Capital Group by 1.9% in the third quarter. Janney Montgomery Scott LLC now owns 1,554 shares of the financial services provider's stock valued at $643,000 after acquiring an additional 29 shares during the last quarter. Pearl River Capital LLC lifted its stake in shares of Kinsale Capital Group by 5.2% in the 3rd 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 period. Blackhawk Capital Partners LLC. lifted its stake in shares of Kinsale Capital Group by 1.1% in the 4th 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 period. Fifth Third Bancorp boosted its position in shares of Kinsale Capital Group by 7.2% in the 3rd quarter. Fifth Third Bancorp now owns 479 shares of the financial services provider's stock worth $198,000 after purchasing an additional 32 shares during the last quarter. Finally, Harbor Investment Advisory LLC grew its stake in shares of Kinsale Capital Group by 17.9% during the fourth quarter. Harbor Investment Advisory LLC now owns 231 shares of the financial services provider's stock worth $77,000 after purchasing an additional 35 shares during the period. 85.36% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Kinsale Capital Group

In other Kinsale Capital Group news, CEO Michael P. Kehoe sold 4,000 shares of Kinsale Capital Group stock in a transaction on Monday, March 4th. The shares were sold at an average price of $523.73, for a total value of $2,094,920.00. Following the sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Michael P. Kehoe sold 4,000 shares of the stock in a transaction that occurred on 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 directly 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frederick L. Jr. Russell sold 2,000 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the director now owns 887 shares of the company's stock, valued at $464,867.83. The disclosure for this sale can be found here. Insiders sold 9,778 shares of company stock valued at $4,532,422 in the last ninety days. 5.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

Kinsale Capital Group Stock Down 2.6 %

KNSL traded down $10.43 during trading on Wednesday, hitting $385.86. The company had a trading volume of 198,809 shares, compared to its average volume of 205,433. The company has a market capitalization of $8.98 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, Inc. has a one year low of $297.33 and a one year high of $548.47. The firm's 50-day moving average price is $473.84 and its 200 day moving average price is $412.58.

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

Kinsale Capital Group Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Monday, February 26th. This represents a $0.60 dividend on an annualized basis and a yield of 0.16%. This is an increase from Kinsale Capital Group's previous quarterly dividend of $0.14. Kinsale Capital Group's dividend payout ratio is 3.99%.

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.