Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Sold by Jump Financial LLC

Jump Financial LLC lessened its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 29.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,969 shares of the financial services provider's stock after selling 3,290 shares during the quarter. Jump Financial LLC's holdings in Kinsale Capital Group were worth $2,669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Invesco Ltd. grew its position in shares of Kinsale Capital Group by 15.4% during the third quarter. Invesco Ltd. now owns 694,070 shares of the financial services provider's stock worth $287,435,000 after purchasing an additional 92,496 shares in the last quarter. DAVENPORT & Co LLC lifted its stake in Kinsale Capital Group by 154.5% in the 4th quarter. DAVENPORT & Co LLC now owns 326,378 shares of the financial services provider's stock worth $109,362,000 after purchasing an additional 198,129 shares in the last quarter. Royal London Asset Management Ltd. grew its position in shares of Kinsale Capital Group by 4,798.0% during the third quarter. Royal London Asset Management Ltd. now owns 245,684 shares of the financial services provider's stock valued at $101,692,000 after purchasing an additional 240,668 shares in the last quarter. Copeland Capital Management LLC grew its holdings in Kinsale Capital Group by 4.6% during the 4th quarter. Copeland Capital Management LLC now owns 201,138 shares of the financial services provider's stock valued at $67,363,000 after buying an additional 8,803 shares in the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of Kinsale Capital Group by 33,266.0% during the 4th quarter. International Assets Investment Management LLC now owns 178,842 shares of the financial services provider's stock worth $59,896,000 after acquiring an additional 178,306 shares in the last quarter. 85.36% of the stock is owned by institutional investors.

Kinsale Capital Group Trading Down 1.4 %

Kinsale Capital Group stock traded down $5.24 during midday trading on Monday, reaching $375.41. The stock had a trading volume of 192,022 shares, compared to its average volume of 205,256. Kinsale Capital Group, Inc. has a 52-week low of $297.33 and a 52-week high of $548.47. The company has a fifty day moving average of $465.86 and a 200 day moving average of $411.73. The firm has a market cap of $8.74 billion, a price-to-earnings ratio of 25.29 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 issued its quarterly earnings results on Thursday, April 25th. The financial services provider reported $3.50 earnings per share for the quarter, topping the consensus estimate of $3.33 by $0.17. Kinsale Capital Group had a return on equity of 31.21% and a net margin of 26.33%. The firm had revenue of $372.79 million for the quarter, compared to the consensus estimate of $366.45 million. During the same period in the prior year, the business posted $2.44 earnings per share. The company's revenue for the quarter was up 41.7% on a year-over-year basis. On average, analysts anticipate that Kinsale Capital Group, Inc. will post 15.07 earnings per share for the current fiscal year.

Kinsale Capital Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Tuesday, February 27th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.16%. This is an increase from Kinsale Capital Group's previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Monday, February 26th. Kinsale Capital Group's dividend payout ratio (DPR) is 3.99%.

Analyst Ratings Changes

A number of research analysts recently weighed in on KNSL shares. BMO Capital Markets cut their target price on shares of Kinsale Capital Group from $544.00 to $453.00 and set a "market perform" rating for the company in a report on Tuesday, April 30th. Truist Financial reduced their target price on shares of Kinsale Capital Group from $600.00 to $440.00 and set a "buy" rating on the stock in a report on Monday, April 29th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $425.00 price target (down previously from $555.00) on shares of Kinsale Capital Group in a 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 company a "neutral" rating in a research report on Monday, February 26th. Finally, Compass Point lowered their price objective 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. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $438.43.

Insider Activity

In related news, CEO Michael P. Kehoe sold 4,000 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now owns 303,972 shares of the company's stock, valued at approximately $159,199,255.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Kinsale Capital Group news, CEO Michael P. Kehoe sold 4,000 shares of the firm's stock in a transaction 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 transaction, the chief executive officer now directly owns 303,972 shares in the company, valued at approximately $159,199,255.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frederick L. Jr. Russell sold 2,000 shares of Kinsale Capital Group stock in a transaction 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 sale, the director now directly owns 887 shares of the company's stock, valued at $464,867.83. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,778 shares of company stock valued at $4,532,422. 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.