Natixis Advisors LLC Acquires 8,932 Shares of Kinsale Capital Group, Inc. $KNSL

Natixis Advisors LLC grew its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 14.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 72,585 shares of the financial services provider’s stock after purchasing an additional 8,932 shares during the quarter. Natixis Advisors LLC’s holdings in Kinsale Capital Group were worth $28,389,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. V Square Quantitative Management LLC acquired a new stake in shares of Kinsale Capital Group in the fourth quarter valued at $25,000. eCIO Inc. acquired a new position in Kinsale Capital Group during the 4th quarter worth about $29,000. International Assets Investment Management LLC bought a new stake in Kinsale Capital Group during the 4th quarter worth about $29,000. Johnson Financial Group Inc. grew its holdings in Kinsale Capital Group by 257.1% during the 3rd quarter. Johnson Financial Group Inc. now owns 75 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 54 shares during the last quarter. Finally, Larson Financial Group LLC increased its position in Kinsale Capital Group by 225.0% in the 3rd quarter. Larson Financial Group LLC now owns 78 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 54 shares in the last quarter. Institutional investors own 85.36% of the company’s stock.

Analyst Ratings Changes

KNSL has been the topic of a number of research reports. Morgan Stanley reduced their target price on shares of Kinsale Capital Group from $350.00 to $330.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 21st. Royal Bank Of Canada lowered their price target on shares of Kinsale Capital Group from $385.00 to $375.00 and set a “sector perform” rating for the company in a report on Monday, April 27th. JPMorgan Chase & Co. dropped their price objective on shares of Kinsale Capital Group from $450.00 to $410.00 and set a “neutral” rating for the company in a research report on Monday, February 23rd. Truist Financial decreased their price objective on Kinsale Capital Group from $450.00 to $405.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. Finally, Wells Fargo & Company cut shares of Kinsale Capital Group from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $420.00 to $357.00 in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $390.18.

Insiders Place Their Bets

In other Kinsale Capital Group news, CEO Michael P. Kehoe sold 22,576 shares of Kinsale Capital Group stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $302.66, for a total value of $6,832,852.16. Following the sale, the chief executive officer directly owned 308,048 shares in the company, valued at approximately $93,233,807.68. The trade was a 6.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Salmaan K. Allibhai sold 250 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $311.17, for a total transaction of $77,792.50. Following the sale, the insider directly owned 3,645 shares in the company, valued at $1,134,214.65. This trade represents a 6.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 5.60% of the stock is currently owned by company insiders.

Kinsale Capital Group Stock Up 1.7%

NYSE:KNSL opened at $295.19 on Friday. The stock has a 50-day simple moving average of $327.37 and a 200 day simple moving average of $363.79. Kinsale Capital Group, Inc. has a 52-week low of $287.20 and a 52-week high of $512.76. The company has a market cap of $6.81 billion, a PE ratio of 12.99, a PEG ratio of 0.94 and a beta of 0.91. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.10 and a current ratio of 0.10.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results on Thursday, April 23rd. The financial services provider reported $5.11 EPS for the quarter, beating the consensus estimate of $4.70 by $0.41. The firm had revenue of $466.71 million for the quarter, compared to analysts’ expectations of $410.25 million. Kinsale Capital Group had a return on equity of 25.82% and a net margin of 27.48%.The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.71 EPS. On average, sell-side analysts expect that Kinsale Capital Group, Inc. will post 20.54 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 28th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.3%. Kinsale Capital Group’s dividend payout ratio (DPR) is 4.40%.

Kinsale Capital Group Company Profile

Kinsale Capital Group, Inc (NYSE:KNSL) is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company’s product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.