Kinsale Capital Group, Inc. $KNSL Shares Purchased by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC boosted its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 37.7% in the 4th quarter, Holdings Channel reports. The firm owned 208,075 shares of the financial services provider’s stock after buying an additional 56,916 shares during the quarter. Kinsale Capital Group accounts for approximately 1.1% of Stephens Investment Management Group LLC’s portfolio, making the stock its 27th biggest position. Stephens Investment Management Group LLC’s holdings in Kinsale Capital Group were worth $81,382,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in KNSL. Vident Advisory LLC raised its holdings in shares of Kinsale Capital Group by 2.9% during the second quarter. Vident Advisory LLC now owns 825 shares of the financial services provider’s stock valued at $399,000 after buying an additional 23 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Kinsale Capital Group by 20.9% during the second quarter. Smartleaf Asset Management LLC now owns 162 shares of the financial services provider’s stock valued at $77,000 after buying an additional 28 shares during the last quarter. Kingswood Wealth Advisors LLC raised its holdings in shares of Kinsale Capital Group by 3.3% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 867 shares of the financial services provider’s stock valued at $339,000 after buying an additional 28 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Kinsale Capital Group by 39.0% during the fourth quarter. Signaturefd LLC now owns 107 shares of the financial services provider’s stock valued at $42,000 after buying an additional 30 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of Kinsale Capital Group by 5.3% during the fourth quarter. CWM LLC now owns 592 shares of the financial services provider’s stock valued at $232,000 after buying an additional 30 shares during the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Kinsale Capital Group Price Performance

NYSE KNSL opened at $311.36 on Friday. Kinsale Capital Group, Inc. has a 12 month low of $293.78 and a 12 month high of $512.76. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.10 and a quick ratio of 0.10. The firm has a market capitalization of $7.18 billion, a PE ratio of 13.70, a P/E/G ratio of 1.01 and a beta of 0.95. The company’s 50 day simple moving average is $339.99 and its 200 day simple moving average is $372.94.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $5.11 EPS for the quarter, beating analysts’ consensus estimates of $4.70 by $0.41. Kinsale Capital Group had a net margin of 27.48% and a return on equity of 25.82%. The business had revenue of $466.71 million for the quarter, compared to analyst estimates of $410.25 million. During the same quarter last year, the business earned $3.71 earnings per share. The business’s revenue for the quarter was down .5% on a year-over-year basis. As a group, equities research analysts forecast that Kinsale Capital Group, Inc. will post 20.58 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on KNSL. Cantor Fitzgerald cut their price target on Kinsale Capital Group from $360.00 to $280.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Wall Street Zen upgraded shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Weiss Ratings lowered shares of Kinsale Capital Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, April 27th. Jefferies Financial Group lowered shares of Kinsale Capital Group from a “hold” rating to an “underperform” rating and lowered their price objective for the company from $392.00 to $312.00 in a research note on Thursday, March 19th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Kinsale Capital Group from $450.00 to $410.00 and set a “neutral” rating on the stock in a research note on Monday, February 23rd. Two equities research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $392.00.

Insider Transactions at Kinsale Capital Group

In other Kinsale Capital Group news, CEO Michael P. Kehoe sold 22,576 shares of Kinsale Capital Group stock in a transaction that occurred 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 transaction, the chief executive officer owned 308,048 shares in the company, valued at approximately $93,233,807.68. The trade was a 6.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 5.60% of the company’s stock.

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.