Mawer Investment Management Ltd. Boosts Stake in Kinsale Capital Group, Inc. $KNSL

Mawer Investment Management Ltd. grew its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 8.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,580 shares of the financial services provider’s stock after buying an additional 2,690 shares during the period. Mawer Investment Management Ltd. owned 0.15% of Kinsale Capital Group worth $13,525,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Isthmus Partners LLC purchased a new position in shares of Kinsale Capital Group during the fourth quarter worth $8,110,000. JPMorgan Chase & Co. raised its holdings in shares of Kinsale Capital Group by 6.0% during the third quarter. JPMorgan Chase & Co. now owns 450,044 shares of the financial services provider’s stock worth $191,386,000 after purchasing an additional 25,428 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Kinsale Capital Group by 17.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 22,501 shares of the financial services provider’s stock worth $9,569,000 after purchasing an additional 3,305 shares during the last quarter. Leibman Financial Services Inc. raised its holdings in shares of Kinsale Capital Group by 109.9% during the fourth quarter. Leibman Financial Services Inc. now owns 9,438 shares of the financial services provider’s stock worth $3,691,000 after purchasing an additional 4,942 shares during the last quarter. Finally, Tudor Investment Corp ET AL raised its holdings in shares of Kinsale Capital Group by 7,444.2% during 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 purchasing an additional 37,221 shares during the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Insider Activity

In other news, insider Salmaan K. Allibhai sold 250 shares of Kinsale Capital Group stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $311.17, for a total value of $77,792.50. Following the sale, the insider 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael P. Kehoe sold 22,576 shares of Kinsale Capital Group stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $302.66, for a total transaction of $6,832,852.16. Following the completion of the sale, the chief executive officer owned 308,048 shares in the company, valued at approximately $93,233,807.68. This trade represents a 6.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Truist Financial reduced their target price on shares of Kinsale Capital Group from $450.00 to $405.00 and set a “buy” rating for the company in a report on Monday, April 27th. Royal Bank Of Canada reduced their target price 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. Cantor Fitzgerald reduced their target price on shares of Kinsale Capital Group from $360.00 to $280.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Weiss Ratings cut shares of Kinsale Capital Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, April 27th. Finally, BMO Capital Markets cut shares of Kinsale Capital Group from a “market perform” rating to an “underperform” rating and set a $348.00 target price for the company. in a report on Wednesday, February 25th. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $390.18.

Kinsale Capital Group Stock Down 0.5%

KNSL opened at $303.31 on Tuesday. Kinsale Capital Group, Inc. has a fifty-two week low of $293.78 and a fifty-two week high of $512.76. 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 company has a fifty day moving average of $329.41 and a two-hundred day moving average of $365.89. The stock has a market capitalization of $7.00 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 0.99 and a beta of 0.95.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $5.11 earnings per share 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 company had revenue of $466.71 million during the quarter, compared to analysts’ expectations of $410.25 million. During the same quarter in the previous year, the company earned $3.71 earnings per share. The firm’s revenue for the quarter was down .5% on a year-over-year basis. On average, research analysts expect that Kinsale Capital Group, Inc. will post 20.54 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders 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 dividend yield of 0.3%. Kinsale Capital Group’s dividend payout ratio (DPR) is 4.40%.

About Kinsale Capital Group

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.