Kinsale Capital Group, Inc. $KNSL Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 5.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 299,832 shares of the financial services provider’s stock after acquiring an additional 14,178 shares during the period. Dimensional Fund Advisors LP’s holdings in Kinsale Capital Group were worth $102,435,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of KNSL. Vident Advisory LLC grew its position in shares of Kinsale Capital Group by 2.9% during the second quarter. Vident Advisory LLC now owns 825 shares of the financial services provider’s stock worth $399,000 after buying an additional 23 shares in the last quarter. Kingswood Wealth Advisors LLC increased its stake in shares of Kinsale Capital Group by 3.3% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 867 shares of the financial services provider’s stock worth $339,000 after buying an additional 28 shares during the period. Smartleaf Asset Management LLC raised its holdings in Kinsale Capital Group by 20.9% in the second quarter. Smartleaf Asset Management LLC now owns 162 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 28 shares in the last quarter. Signaturefd LLC raised its holdings in Kinsale Capital Group by 39.0% in the fourth quarter. Signaturefd LLC now owns 107 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 30 shares in the last quarter. Finally, CWM LLC lifted its stake in Kinsale Capital Group by 5.3% in the fourth quarter. CWM LLC now owns 592 shares of the financial services provider’s stock worth $232,000 after acquiring an additional 30 shares during the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on KNSL. TD Cowen reiterated a “hold” rating on shares of Kinsale Capital Group in a report on Tuesday, June 16th. Morgan Stanley reduced their price objective on shares of Kinsale Capital Group from $350.00 to $330.00 and set an “equal weight” rating on the stock in a report on Thursday, May 21st. Truist Financial decreased their price objective on shares of Kinsale Capital Group from $450.00 to $405.00 and set a “buy” rating for the company in a research report on Monday, April 27th. Cantor Fitzgerald decreased their price objective on shares of Kinsale Capital Group from $360.00 to $280.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. Finally, Wells Fargo & Company boosted their target price on shares of Kinsale Capital Group from $366.00 to $377.00 and gave the stock an “equal weight” rating in a research note on Monday. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kinsale Capital Group currently has a consensus rating of “Reduce” and a consensus price target of $362.11.

Insider Buying and Selling at Kinsale Capital Group

In other news, CAO Christopher R. Tangard acquired 330 shares of the company’s stock in a transaction on Monday, June 8th. The shares were bought at an average price of $304.00 per share, with a total value of $100,320.00. Following the completion of the acquisition, the chief accounting officer owned 380 shares in the company, valued at $115,520. This trade represents a 660.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael P. Kehoe sold 22,576 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $302.66, for a total value of $6,832,852.16. Following the transaction, the chief executive officer directly owned 308,048 shares in the company, valued at approximately $93,233,807.68. The trade was a 6.83% decrease in their position. The SEC filing for this sale provides additional information. 5.60% of the stock is currently owned by insiders.

Kinsale Capital Group Stock Up 1.7%

Shares of NYSE:KNSL opened at $376.57 on Thursday. The company has a market capitalization of $8.68 billion, a PE ratio of 15.26, a P/E/G ratio of 1.17 and a beta of 0.90. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.11. Kinsale Capital Group, Inc. has a twelve month low of $287.20 and a twelve month high of $485.00. The firm has a 50 day simple moving average of $324.31 and a 200-day simple moving average of $348.29.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, July 23rd. The financial services provider reported $5.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.11 by $0.43. The business had revenue of $548.52 million during the quarter, compared to analysts’ expectations of $445.13 million. Kinsale Capital Group had a net margin of 28.49% and a return on equity of 25.54%. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.78 EPS. On average, equities analysts predict that Kinsale Capital Group, Inc. will post 21.11 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Thursday, May 28th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.3%. The ex-dividend date was Thursday, May 28th. Kinsale Capital Group’s dividend payout ratio is currently 4.05%.

Kinsale Capital Group Profile

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.