Kinsale Capital Group (NYSE:KNSL) Sees Strong Trading Volume

Shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Get Free Report) saw strong trading volume on Monday . 88,833 shares changed hands during mid-day trading, a decline of 53% from the previous session's volume of 188,771 shares.The stock last traded at $363.11 and had previously closed at $374.64.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Royal Bank of Canada reissued a "sector perform" rating and issued a $425.00 target price (down from $555.00) on shares of Kinsale Capital Group in a research note on Monday. BMO Capital Markets cut shares of Kinsale Capital Group from an "outperform" rating to a "market perform" rating and lifted their price objective for the stock from $434.00 to $544.00 in a research report on Wednesday, February 28th. Compass Point reduced their price objective on shares of Kinsale Capital Group from $490.00 to $390.00 and set a "neutral" rating for the company in a research report on Monday. Truist Financial reduced their price objective on shares of Kinsale Capital Group from $600.00 to $440.00 and set a "buy" rating for the company in a research report on Monday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Kinsale Capital Group from $375.00 to $420.00 and gave the stock a "neutral" rating in a research report on Monday, February 26th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $451.43.

Kinsale Capital Group Stock Performance

The stock's 50-day moving average price is $491.62 and its 200-day moving average price is $415.56. The company has a market cap of $8.30 billion, a P/E ratio of 24.04 and a beta of 0.89. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.12 and a quick ratio of 0.12.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced its earnings results on Thursday, April 25th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.33 by $0.17. The company had revenue of $372.79 million during 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%. Kinsale Capital Group's quarterly revenue was up 41.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.44 earnings per share. Equities analysts anticipate that Kinsale Capital Group, Inc. will post 15.31 EPS for the current 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 $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date was Monday, February 26th. This is a boost from Kinsale Capital Group's previous quarterly dividend of $0.14. Kinsale Capital Group's payout ratio is presently 3.99%.

Insider Activity

In related news, CEO Michael P. Kehoe sold 4,000 shares of the company's 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 completion of the sale, the chief executive officer now owns 303,972 shares of the company's stock, valued at $159,199,255.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Michael P. Kehoe sold 4,000 shares of the company's 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 completion of the sale, the chief executive officer now owns 303,972 shares of the company's stock, valued at $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 the company's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $524.09, for a total transaction 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 disclosure for this sale can be found here. 5.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Kinsale Capital Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Anchor Investment Management LLC bought a new stake in Kinsale Capital Group during the fourth quarter worth about $25,000. Emerald Advisers LLC acquired a new position in Kinsale Capital Group during the third quarter worth about $33,000. Beacon Capital Management LLC acquired a new position in Kinsale Capital Group during the fourth quarter worth about $33,000. Brown Brothers Harriman & Co. acquired a new position in Kinsale Capital Group during the fourth quarter worth about $33,000. Finally, Quarry LP acquired a new position in Kinsale Capital Group during the fourth quarter worth about $40,000. Institutional investors own 85.36% of the company's stock.

About Kinsale Capital Group

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.