Kinsale Capital Group, Inc. $KNSL Shares Purchased by Mawer Investment Management Ltd.

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

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Florida Financial Advisors LLC boosted its position in Kinsale Capital Group by 8.8% during the fourth quarter. Florida Financial Advisors LLC now owns 579 shares of the financial services provider’s stock worth $227,000 after acquiring an additional 47 shares during the last quarter. Impact Partnership Wealth LLC boosted its position in Kinsale Capital Group by 46.2% during the fourth quarter. Impact Partnership Wealth LLC now owns 1,152 shares of the financial services provider’s stock worth $451,000 after acquiring an additional 364 shares during the last quarter. Norges Bank acquired a new position in Kinsale Capital Group during the fourth quarter worth about $107,916,000. Eurizon Capital SGR S.p.A. acquired a new position in Kinsale Capital Group during the fourth quarter worth about $117,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Kinsale Capital Group by 7.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 804 shares of the financial services provider’s stock worth $314,000 after acquiring an additional 55 shares during the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kinsale Capital Group

In related news, CEO Michael P. Kehoe sold 22,576 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 308,048 shares of the company’s stock, valued at $93,233,807.68. This represents a 6.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Salmaan K. Allibhai sold 250 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $311.17, for a total transaction of $77,792.50. Following the sale, the insider directly owned 3,645 shares in the company, valued at approximately $1,134,214.65. The trade was a 6.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 5.60% of the stock is owned by corporate insiders.

Kinsale Capital Group Stock Performance

Shares of KNSL stock opened at $303.31 on Tuesday. The firm’s 50 day moving average price is $329.41 and its 200-day moving average price is $365.89. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.10 and a current ratio of 0.10. Kinsale Capital Group, Inc. has a one year low of $293.78 and a one year high of $512.76. The firm has a market cap of $7.00 billion, a P/E ratio of 13.35, a P/E/G ratio of 0.99 and a beta of 0.95.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $5.11 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $466.71 million for the quarter, compared to analyst estimates of $410.25 million. During the same period in the prior year, the business posted $3.71 EPS. The business’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, equities 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 will be paid on Thursday, June 11th. Investors of record on Thursday, May 28th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, May 28th. Kinsale Capital Group’s dividend payout ratio is presently 4.40%.

Analysts Set New Price Targets

A number of equities analysts have commented on KNSL shares. BMO Capital Markets downgraded shares of Kinsale Capital Group from a “market perform” rating to an “underperform” rating and set a $348.00 target price on the stock. in a research note on Wednesday, February 25th. Weiss Ratings downgraded shares of Kinsale Capital Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, April 27th. Wall Street Zen raised shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Jefferies Financial Group downgraded shares of Kinsale Capital Group from a “hold” rating to an “underperform” rating and reduced their target price for the stock from $392.00 to $312.00 in a research note on Thursday, March 19th. Finally, Truist Financial reduced their target price on shares of Kinsale Capital Group from $450.00 to $405.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Kinsale Capital Group currently has an average rating of “Hold” and a consensus price target of $390.18.

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.