Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Acquired by Jag Capital Management LLC

Jag Capital Management LLC raised its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 9.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 507 shares of the financial services provider’s stock after purchasing an additional 44 shares during the period. Jag Capital Management LLC’s holdings in Kinsale Capital Group were worth $236,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Kinsale Capital Group during the fourth quarter worth $25,000. Bank of Jackson Hole Trust purchased a new stake in shares of Kinsale Capital Group during the fourth quarter valued at $31,000. Allworth Financial LP boosted its holdings in Kinsale Capital Group by 450.0% in the fourth quarter. Allworth Financial LP now owns 88 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 72 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Kinsale Capital Group during the 4th quarter worth about $46,000. Finally, UMB Bank n.a. grew its position in Kinsale Capital Group by 67.2% during the 4th quarter. UMB Bank n.a. now owns 102 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 41 shares during the period. 85.36% of the stock is owned by institutional investors and hedge funds.

Kinsale Capital Group Price Performance

Kinsale Capital Group stock opened at $431.21 on Tuesday. Kinsale Capital Group, Inc. has a 52-week low of $355.12 and a 52-week high of $548.47. The firm has a fifty day moving average of $446.62 and a 200-day moving average of $463.59. The firm has a market capitalization of $10.04 billion, a P/E ratio of 24.24, a PEG ratio of 1.66 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.

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 for the quarter, topping the consensus estimate of $4.23 by $0.39. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. The company had revenue of $412.12 million during the quarter, compared to analyst estimates of $418.32 million. As a group, analysts predict 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. Shareholders of record on Thursday, February 27th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.16%. This is an increase from Kinsale Capital Group’s previous quarterly dividend of $0.15. The ex-dividend date is Thursday, February 27th. Kinsale Capital Group’s payout ratio is 3.82%.

Insider Transactions at Kinsale Capital Group

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KNSL. Royal Bank of Canada restated a “sector perform” rating and set a $500.00 target price on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. JPMorgan Chase & Co. decreased their target price on shares of 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. JMP Securities reaffirmed a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Morgan Stanley reduced their price target on shares of Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Finally, Truist Financial lifted their target price on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $468.56.

Kinsale Capital Group 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.