Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Purchased by Norden Group LLC

Norden Group LLC lifted its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,414 shares of the financial services provider’s stock after purchasing an additional 50 shares during the quarter. Norden Group LLC’s holdings in Kinsale Capital Group were worth $658,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Bridges Investment Management Inc. increased its holdings in shares of Kinsale Capital Group by 42.5% in the fourth quarter. Bridges Investment Management Inc. now owns 2,376 shares of the financial services provider’s stock valued at $1,105,000 after purchasing an additional 709 shares during the last quarter. Connable Office Inc. purchased a new position in Kinsale Capital Group in the fourth quarter worth approximately $323,000. Fielder Capital Group LLC grew its position in Kinsale Capital Group by 5.5% in the fourth quarter. Fielder Capital Group LLC now owns 595 shares of the financial services provider’s stock worth $277,000 after acquiring an additional 31 shares during the period. QRG Capital Management Inc. grew its position in Kinsale Capital Group by 3.8% in the fourth quarter. QRG Capital Management Inc. now owns 1,368 shares of the financial services provider’s stock worth $636,000 after acquiring an additional 50 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in Kinsale Capital Group in the fourth quarter worth approximately $22,933,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

Insider Activity at Kinsale Capital Group

In related news, Director James Joseph Ritchie sold 2,295 shares of the business’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 owns 7,348 shares in the company, valued at $3,672,456.92. The trade was a 23.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Diane D. Schnupp sold 500 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were 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 owns 6,994 shares in the company, valued at $3,566,940. This trade represents a 6.67 % decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Truist Financial raised their price target on Kinsale Capital Group from $480.00 to $525.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. cut their price target 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. BMO Capital Markets raised their price target on Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a research note on Thursday, November 21st. Royal Bank of Canada restated a “sector perform” rating and issued a $500.00 price target on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. Finally, JMP Securities restated a “market perform” rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $468.56.

Kinsale Capital Group Stock Down 0.1 %

KNSL opened at $431.21 on Tuesday. The business’s 50-day simple moving average is $446.62 and its 200-day simple moving average is $463.59. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. Kinsale Capital Group, Inc. has a one year low of $355.12 and a one year high of $548.47. The stock has a market capitalization of $10.04 billion, a P/E ratio of 24.24, a price-to-earnings-growth ratio of 1.66 and a beta of 1.15.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.23 by $0.39. The firm had revenue of $412.12 million for the quarter, compared to analysts’ expectations of $418.32 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. Analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 27th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.16%. The ex-dividend date of this dividend is Thursday, February 27th. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.15. Kinsale Capital Group’s payout ratio is 3.82%.

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.