Kinsale Capital Group, Inc. $KNSL Position Increased by Isthmus Partners LLC

Isthmus Partners LLC grew its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 24.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,841 shares of the financial services provider’s stock after purchasing an additional 5,105 shares during the period. Isthmus Partners LLC’s holdings in Kinsale Capital Group were worth $8,829,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. AQR Capital Management LLC boosted its holdings in shares of Kinsale Capital Group by 76.2% in the 1st quarter. AQR Capital Management LLC now owns 835 shares of the financial services provider’s stock valued at $397,000 after buying an additional 361 shares during the period. EverSource Wealth Advisors LLC raised its stake in Kinsale Capital Group by 72.9% during the second quarter. EverSource Wealth Advisors LLC now owns 102 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 43 shares during the period. Brown Advisory Inc. raised its stake in Kinsale Capital Group by 7.9% during the second quarter. Brown Advisory Inc. now owns 1,117 shares of the financial services provider’s stock worth $541,000 after acquiring an additional 82 shares during the period. Jump Financial LLC lifted its holdings in Kinsale Capital Group by 136.9% in the second quarter. Jump Financial LLC now owns 1,097 shares of the financial services provider’s stock worth $531,000 after acquiring an additional 634 shares during the last quarter. Finally, Cerity Partners LLC lifted its holdings in Kinsale Capital Group by 45.3% in the second quarter. Cerity Partners LLC now owns 5,021 shares of the financial services provider’s stock worth $2,430,000 after acquiring an additional 1,566 shares during the last quarter. 85.36% of the stock is currently owned by institutional investors.

Insider Transactions at Kinsale Capital Group

In other Kinsale Capital Group news, CAO Christopher R. Tangard acquired 330 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was acquired at an average cost of $304.00 per share, with a total value of $100,320.00. Following the acquisition, the chief accounting officer directly owned 380 shares of the company’s stock, valued at $115,520. This represents a 660.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Salmaan K. Allibhai sold 250 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $311.17, for a total value of $77,792.50. Following the completion of the sale, the insider owned 3,645 shares in the company, valued at approximately $1,134,214.65. This represents a 6.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 5.60% of the company’s stock.

Kinsale Capital Group Trading Down 0.8%

Shares of NYSE:KNSL opened at $345.85 on Thursday. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.11. The company’s 50-day moving average price is $314.52 and its 200 day moving average price is $353.84. The company has a market cap of $7.98 billion, a PE ratio of 15.22, a P/E/G ratio of 1.13 and a beta of 0.90. Kinsale Capital Group, Inc. has a fifty-two week low of $287.20 and a fifty-two week high of $512.76.

Kinsale Capital Group (NYSE:KNSL) last posted its earnings results 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 during the quarter, compared to analysts’ expectations of $410.25 million. During the same quarter in the prior year, the firm earned $3.71 EPS. Kinsale Capital Group’s quarterly revenue was down .5% on a year-over-year basis. Sell-side analysts anticipate that Kinsale Capital Group, Inc. will post 20.65 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Thursday, May 28th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, May 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.3%. Kinsale Capital Group’s payout ratio is currently 4.40%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on KNSL shares. Morgan Stanley decreased their target price on Kinsale Capital Group from $350.00 to $330.00 and set an “equal weight” rating for the company in a research note on Thursday, May 21st. Wall Street Zen upgraded Kinsale Capital Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. TD Cowen reissued a “hold” rating on shares of Kinsale Capital Group in a report on Tuesday, June 16th. Royal Bank Of Canada reduced their price objective on Kinsale Capital Group from $385.00 to $375.00 and set a “sector perform” rating for the company in a research report on Monday, April 27th. Finally, Truist Financial lowered their price objective on Kinsale Capital Group from $450.00 to $405.00 and set a “buy” rating for the company in a research note on Monday, April 27th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $374.90.

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.