587,168 Shares in Kinsale Capital Group, Inc. $KNSL Acquired by Life Cycle Investment Partners Ltd

Life Cycle Investment Partners Ltd acquired a new position in Kinsale Capital Group, Inc. (NYSE:KNSL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 587,168 shares of the financial services provider’s stock, valued at approximately $229,653,000. Kinsale Capital Group makes up about 1.6% of Life Cycle Investment Partners Ltd’s investment portfolio, making the stock its 18th biggest holding.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in Kinsale Capital Group in the fourth quarter worth approximately $25,000. eCIO Inc. bought a new position in Kinsale Capital Group in the fourth quarter worth approximately $29,000. International Assets Investment Management LLC bought a new stake in Kinsale Capital Group during the 4th quarter valued at $29,000. Johnson Financial Group Inc. boosted its position in Kinsale Capital Group by 257.1% during the 3rd quarter. Johnson Financial Group Inc. now owns 75 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 54 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in Kinsale Capital Group during the 2nd quarter valued at $38,000. Institutional investors own 85.36% of the company’s stock.

Insider Activity at Kinsale Capital Group

In other news, CEO Michael P. Kehoe sold 22,576 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $302.66, for a total transaction of $6,832,852.16. Following the completion of the sale, the chief executive officer owned 308,048 shares in the company, valued at approximately $93,233,807.68. This represents a 6.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.60% of the company’s stock.

Kinsale Capital Group Stock Down 0.5%

Shares of NYSE KNSL opened at $310.59 on Friday. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $7.16 billion, a PE ratio of 13.67, a price-to-earnings-growth ratio of 1.00 and a beta of 0.95. The stock’s fifty day simple moving average is $334.78 and its two-hundred day simple moving average is $369.61. Kinsale Capital Group, Inc. has a 12-month low of $293.78 and a 12-month high of $512.76.

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, beating the consensus estimate of $4.70 by $0.41. Kinsale Capital Group had a return on equity of 25.82% and a net margin of 27.48%.The firm had revenue of $466.71 million during the quarter, compared to analyst estimates of $410.25 million. During the same quarter 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, analysts expect that Kinsale Capital Group, Inc. will post 20.58 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

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

Analyst Ratings Changes

Several analysts have issued reports on KNSL shares. BMO Capital Markets cut 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 report on Wednesday, February 25th. Wells Fargo & Company cut Kinsale Capital Group from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $420.00 to $357.00 in a research report on Monday, April 27th. Royal Bank Of Canada dropped their target price on Kinsale Capital Group from $385.00 to $375.00 and set a “sector perform” rating on the stock in a research report on Monday, April 27th. Truist Financial dropped their target price on Kinsale Capital Group from $450.00 to $405.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. Finally, Morgan Stanley dropped their target price on Kinsale Capital Group from $350.00 to $330.00 and set an “equal weight” rating on the stock in a research report on Thursday. Two research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price 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.