Brooklands Fund Management Ltd Sells 1,750 Shares of Kinsale Capital Group, Inc. $KNSL

Brooklands Fund Management Ltd decreased its position in Kinsale Capital Group, Inc. (NYSE:KNSLFree Report) by 50.0% during the first quarter, Holdings Channel.com reports. The fund owned 1,753 shares of the financial services provider’s stock after selling 1,750 shares during the quarter. Kinsale Capital Group accounts for approximately 0.7% of Brooklands Fund Management Ltd’s investment portfolio, making the stock its 29th largest position. Brooklands Fund Management Ltd’s holdings in Kinsale Capital Group were worth $599,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of KNSL. Keebeck Wealth Management boosted its holdings in shares of Kinsale Capital Group by 16.3% during the first quarter. Keebeck Wealth Management now owns 918 shares of the financial services provider’s stock worth $314,000 after purchasing an additional 129 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Kinsale Capital Group by 49.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 108,887 shares of the financial services provider’s stock worth $37,202,000 after purchasing an additional 36,203 shares during the last quarter. Bank of Nova Scotia increased its holdings in Kinsale Capital Group by 145.6% during the 1st quarter. Bank of Nova Scotia now owns 2,854 shares of the financial services provider’s stock valued at $975,000 after purchasing an additional 1,692 shares during the period. Gibbs Wealth Management purchased a new position in Kinsale Capital Group during the 1st quarter valued at about $599,000. Finally, Cassaday & Co Wealth Management LLC bought a new position in Kinsale Capital Group during the 1st quarter valued at approximately $141,000. 85.36% of the stock is owned by institutional investors.

Insider Transactions at Kinsale Capital Group

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

Trending Headlines about Kinsale Capital Group

Here are the key news stories impacting Kinsale Capital Group this week:

Kinsale Capital Group Stock Up 2.4%

KNSL stock opened at $333.38 on Friday. Kinsale Capital Group, Inc. has a fifty-two week low of $287.20 and a fifty-two week high of $512.76. The company has a market capitalization of $7.69 billion, a price-to-earnings ratio of 14.67, a price-to-earnings-growth ratio of 1.05 and a beta of 0.90. The business’s 50 day moving average price is $320.42 and its two-hundred day moving average price is $349.36. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.10 and a current ratio of 0.10.

Kinsale Capital Group (NYSE:KNSLGet Free Report) last released its earnings results on Thursday, July 23rd. The financial services provider reported $5.54 EPS for the quarter, beating analysts’ consensus estimates of $5.11 by $0.43. Kinsale Capital Group had a return on equity of 25.82% and a net margin of 27.48%.The company had revenue of $548.52 million during the quarter, compared to analysts’ expectations of $445.13 million. During the same quarter last year, the business posted $4.78 EPS. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. As a group, analysts forecast that Kinsale Capital Group, Inc. will post 20.72 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on KNSL shares. Weiss Ratings cut Kinsale Capital Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, June 26th. Cantor Fitzgerald reduced their target price on Kinsale Capital Group from $360.00 to $280.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. 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 report on Thursday, May 21st. TD Cowen reaffirmed a “hold” rating on shares of Kinsale Capital Group in a research note on Tuesday, June 16th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Kinsale Capital Group from $380.00 to $390.00 and gave the company a “neutral” rating in a report on Monday. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $373.80.

Get Our Latest Research Report on KNSL

Kinsale Capital Group Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding KNSL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kinsale Capital Group, Inc. (NYSE:KNSLFree Report).

Institutional Ownership by Quarter for Kinsale Capital Group (NYSE:KNSL)

Receive News & Ratings for Kinsale Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinsale Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.