Maren Capital LLC Purchases 34,917 Shares of Kinsale Capital Group, Inc. $KNSL

Maren Capital LLC lifted its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 17.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 234,737 shares of the financial services provider’s stock after acquiring an additional 34,917 shares during the period. Kinsale Capital Group makes up 4.9% of Maren Capital LLC’s portfolio, making the stock its 10th largest position. Maren Capital LLC’s holdings in Kinsale Capital Group were worth $91,810,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Isthmus Partners LLC acquired a new stake in shares of Kinsale Capital Group in the fourth quarter worth approximately $8,110,000. JPMorgan Chase & Co. boosted its stake in shares of Kinsale Capital Group by 6.0% in the third quarter. JPMorgan Chase & Co. now owns 450,044 shares of the financial services provider’s stock worth $191,386,000 after acquiring an additional 25,428 shares during the last quarter. Leibman Financial Services Inc. boosted its stake in shares of Kinsale Capital Group by 109.9% in the fourth quarter. Leibman Financial Services Inc. now owns 9,438 shares of the financial services provider’s stock worth $3,691,000 after acquiring an additional 4,942 shares during the last quarter. Tudor Investment Corp ET AL boosted its stake in shares of Kinsale Capital Group by 7,444.2% in the third quarter. Tudor Investment Corp ET AL now owns 37,721 shares of the financial services provider’s stock worth $16,041,000 after acquiring an additional 37,221 shares during the last quarter. Finally, Life Cycle Investment Partners Ltd acquired a new stake in shares of Kinsale Capital Group in the fourth quarter worth approximately $229,653,000. 85.36% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Kinsale Capital Group

In other Kinsale Capital Group news, CAO Christopher R. Tangard bought 330 shares of Kinsale Capital Group stock in a transaction on Monday, June 8th. The shares were bought at an average price of $304.00 per share, for a total transaction of $100,320.00. Following the completion of the transaction, the chief accounting officer directly owned 380 shares of the company’s stock, valued at $115,520. This trade represents a 660.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, insider Salmaan K. Allibhai sold 250 shares of Kinsale Capital Group stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $311.17, for a total value of $77,792.50. Following the completion of the sale, the insider owned 3,645 shares in the company, valued at $1,134,214.65. This represents a 6.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 5.60% of the company’s stock.

Kinsale Capital Group Stock Performance

Shares of Kinsale Capital Group stock opened at $311.29 on Monday. Kinsale Capital Group, Inc. has a one year low of $287.20 and a one year high of $512.76. The company has a market cap of $7.18 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 1.01 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. The business’s 50 day moving average price is $323.98 and its 200 day moving average price is $360.60.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $5.11 EPS for the quarter, topping analysts’ consensus estimates of $4.70 by $0.41. Kinsale Capital Group had a return on equity of 25.82% and a net margin of 27.48%.The firm had revenue of $466.71 million for the quarter, compared to the consensus estimate of $410.25 million. During the same quarter last year, the business posted $3.71 earnings per share. The firm’s revenue was down .5% compared to the same quarter last year. On average, research analysts predict that Kinsale Capital Group, Inc. will post 20.54 EPS for the current year.

Kinsale Capital Group Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on KNSL shares. JPMorgan Chase & Co. reduced their price objective on Kinsale Capital Group from $450.00 to $410.00 and set a “neutral” rating on the stock in a research report on Monday, February 23rd. Truist Financial reduced 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. BMO Capital Markets downgraded Kinsale Capital Group from a “market perform” rating to an “underperform” rating and set a $348.00 price objective on the stock. in a research report on Wednesday, February 25th. Jefferies Financial Group downgraded Kinsale Capital Group from a “hold” rating to an “underperform” rating and reduced their price objective for the stock from $392.00 to $312.00 in a research report on Thursday, March 19th. Finally, Wells Fargo & Company downgraded Kinsale Capital Group from an “overweight” rating to an “equal weight” rating and reduced their price objective 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 issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Kinsale Capital Group presently has a consensus rating of “Hold” and a consensus price target of $390.18.

Kinsale Capital Group 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.