Stephens Inc. AR Purchases 164 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Stephens Inc. AR boosted its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 17.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,090 shares of the financial services provider’s stock after buying an additional 164 shares during the quarter. Stephens Inc. AR’s holdings in Kinsale Capital Group were worth $507,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KNSL. CWM LLC raised its holdings in Kinsale Capital Group by 8.8% during the 3rd quarter. CWM LLC now owns 406 shares of the financial services provider’s stock valued at $189,000 after buying an additional 33 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in Kinsale Capital Group by 32.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,580 shares of the financial services provider’s stock valued at $736,000 after buying an additional 385 shares during the last quarter. Trust Point Inc. raised its holdings in Kinsale Capital Group by 5.5% during the 3rd quarter. Trust Point Inc. now owns 3,053 shares of the financial services provider’s stock valued at $1,421,000 after buying an additional 160 shares during the last quarter. Blue Trust Inc. raised its holdings in Kinsale Capital Group by 309.1% during the 3rd quarter. Blue Trust Inc. now owns 180 shares of the financial services provider’s stock valued at $84,000 after buying an additional 136 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Kinsale Capital Group by 75.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 133,975 shares of the financial services provider’s stock worth $62,375,000 after purchasing an additional 57,460 shares in the last quarter. 85.36% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Kinsale Capital Group

In other news, Director Frederick L. Jr. Russell sold 4,440 shares of Kinsale Capital Group stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $499.31, for a total value of $2,216,936.40. Following the completion of the sale, the director now directly owns 447 shares in the company, valued at $223,191.57. The trade was a 90.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Diane D. Schnupp sold 500 shares of Kinsale Capital Group stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $510.00, for a total transaction of $255,000.00. Following the completion of the sale, the executive vice president now owns 6,994 shares of the company’s stock, valued at $3,566,940. This represents a 6.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,235 shares of company stock worth $3,618,954. 5.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on KNSL shares. JPMorgan Chase & Co. decreased their price objective on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Morgan Stanley decreased their price objective on shares of Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating for the company in a report on Friday. JMP Securities restated a “market perform” rating on shares of Kinsale Capital Group in a report on Friday. BMO Capital Markets upped their price objective on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a report on Thursday, November 21st. Finally, Royal Bank of Canada decreased their price objective on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating for the company in a report on Monday, October 28th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Kinsale Capital Group presently has an average rating of “Hold” and an average target price of $460.78.

Kinsale Capital Group Stock Down 7.7 %

NYSE:KNSL opened at $449.77 on Friday. The firm has a market cap of $10.48 billion, a P/E ratio of 25.64, a P/E/G ratio of 1.82 and a beta of 1.15. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.09 and a current ratio of 0.09. Kinsale Capital Group, Inc. has a fifty-two week low of $355.12 and a fifty-two week high of $548.47. The firm has a 50-day simple moving average of $461.05 and a two-hundred day simple moving average of $465.71.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $4.62 earnings per share for the quarter, beating analysts’ consensus estimates of $4.23 by $0.39. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. Analysts predict that Kinsale Capital Group, Inc. will post 15.67 earnings per share for the current fiscal year.

Kinsale Capital Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be paid a dividend of $0.17 per share. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 0.15%. The ex-dividend date of this dividend is Thursday, February 27th. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 3.42%.

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.