Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Bought by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. lifted its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 1.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 11,637 shares of the financial services provider’s stock after buying an additional 157 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Kinsale Capital Group were worth $3,897,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Anchor Investment Management LLC bought a new position in shares of Kinsale Capital Group during the fourth quarter worth about $25,000. Emerald Advisers LLC bought a new position in Kinsale Capital Group in the third quarter worth about $33,000. Beacon Capital Management LLC bought a new position in Kinsale Capital Group in the fourth quarter worth about $33,000. Milestone Investment Advisors LLC bought a new position in Kinsale Capital Group in the third quarter worth about $58,000. Finally, Operose Advisors LLC bought a new position in Kinsale Capital Group in the third quarter worth about $60,000. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Price Performance

NYSE KNSL opened at $374.64 on Friday. Kinsale Capital Group, Inc. has a 12 month low of $297.33 and a 12 month high of $548.47. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.12 and a quick ratio of 0.12. The firm has a market capitalization of $8.69 billion, a PE ratio of 24.89 and a beta of 0.89. The company’s 50 day simple moving average is $491.62 and its 200 day simple moving average is $415.88.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings data 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 business had revenue of $372.79 million for the quarter, compared to analyst estimates of $366.45 million. Kinsale Capital Group had a net margin of 26.33% and a return on equity of 32.92%. The business’s revenue for the quarter was up 41.7% on a year-over-year basis. During the same quarter last year, the business earned $2.44 earnings per share. As a group, equities research analysts forecast that Kinsale Capital Group, Inc. will post 15.26 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 given a $0.15 dividend. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Monday, February 26th. This represents a $0.60 annualized dividend and a yield of 0.16%. Kinsale Capital Group’s payout ratio is 3.99%.

Insiders Place Their Bets

In other Kinsale Capital Group news, Director Frederick L. Jr. Russell sold 2,000 shares of Kinsale Capital Group 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 transaction, the director now owns 887 shares in the company, valued at $464,867.83. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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 sale, 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 document filed with the SEC, which is available through the SEC website. Also, Director Frederick L. Jr. Russell sold 2,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were 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 in the company, valued at $464,867.83. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on KNSL shares. BMO Capital Markets cut shares of Kinsale Capital Group from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $434.00 to $544.00 in a report on Wednesday, February 28th. Royal Bank of Canada lifted their price target on Kinsale Capital Group from $410.00 to $555.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. Truist Financial lifted their price target on Kinsale Capital Group from $450.00 to $600.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. lifted their price target on Kinsale Capital Group from $375.00 to $420.00 and gave the company a “neutral” rating in a report on Monday, February 26th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $510.00.

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.