Bank of Jackson Hole Trust Makes New $31,000 Investment in Kinsale Capital Group, Inc. (NYSE:KNSL)

Bank of Jackson Hole Trust purchased a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 66 shares of the financial services provider’s stock, valued at approximately $31,000.

A number of other institutional investors also recently added to or reduced their stakes in KNSL. Westfield Capital Management Co. LP boosted its position in Kinsale Capital Group by 65.3% during the 3rd quarter. Westfield Capital Management Co. LP now owns 149,217 shares of the financial services provider’s stock worth $69,471,000 after acquiring an additional 58,971 shares during the period. International Assets Investment Management LLC boosted its position in Kinsale Capital Group by 76,986.9% during the 3rd quarter. International Assets Investment Management LLC now owns 47,023 shares of the financial services provider’s stock worth $21,892,000 after acquiring an additional 46,962 shares during the period. DAVENPORT & Co LLC boosted its position in Kinsale Capital Group by 9.6% during the 4th quarter. DAVENPORT & Co LLC now owns 511,869 shares of the financial services provider’s stock worth $238,193,000 after acquiring an additional 44,931 shares during the period. Erste Asset Management GmbH acquired a new position in Kinsale Capital Group during the 3rd quarter worth $18,599,000. Finally, Janney Montgomery Scott LLC boosted its position in Kinsale Capital Group by 655.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 35,362 shares of the financial services provider’s stock worth $16,448,000 after acquiring an additional 30,684 shares during the period. Institutional investors and hedge funds own 85.36% of the company’s stock.

Kinsale Capital Group Trading Up 0.4 %

Shares of NYSE KNSL opened at $442.05 on Friday. Kinsale Capital Group, Inc. has a 12 month low of $355.12 and a 12 month high of $548.47. The company has a market cap of $10.29 billion, a price-to-earnings ratio of 24.85, a P/E/G ratio of 1.63 and a beta of 1.15. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12. The business has a fifty day simple moving average of $455.49 and a 200-day simple moving average of $465.68.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported $4.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.23 by $0.39. The firm had revenue of $412.12 million during the quarter, compared to the consensus estimate of $418.32 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. Sell-side analysts predict that Kinsale Capital Group, Inc. will post 18.06 EPS for the current year.

Kinsale Capital Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 27th will be paid a $0.17 dividend. This is an increase from Kinsale Capital Group’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 0.15%. The ex-dividend date is Thursday, February 27th. Kinsale Capital Group’s dividend payout ratio is currently 3.82%.

Insider Buying and Selling

In other Kinsale Capital Group news, Director James Joseph Ritchie sold 2,295 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $499.79, for a total value of $1,147,018.05. Following the transaction, the director now directly owns 7,348 shares of the company’s stock, valued at $3,672,456.92. This represents a 23.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Diane D. Schnupp sold 500 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $510.00, for a total value of $255,000.00. Following the completion of the transaction, the executive vice president now directly owns 6,994 shares in the company, valued at approximately $3,566,940. The trade was a 6.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

Analysts Set New Price Targets

KNSL has been the subject of a number of analyst reports. Morgan Stanley reduced their price target on Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Truist Financial boosted their price objective on Kinsale Capital Group from $480.00 to $525.00 and gave the stock a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. dropped their price objective on Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Wolfe Research raised Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price objective on the stock in a research note on Monday, October 28th. Finally, BMO Capital Markets boosted their price objective on Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a research note on Thursday, November 21st. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $468.56.

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.