Isthmus Partners LLC Acquires Shares of 20,736 Kinsale Capital Group, Inc. $KNSL

Isthmus Partners LLC acquired a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 20,736 shares of the financial services provider’s stock, valued at approximately $8,110,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC lifted its stake in Kinsale Capital Group by 76.2% in the first quarter. AQR Capital Management LLC now owns 835 shares of the financial services provider’s stock worth $397,000 after acquiring an additional 361 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Kinsale Capital Group by 72.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 102 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 43 shares in the last quarter. Brown Advisory Inc. raised its holdings in shares of Kinsale Capital Group by 7.9% in the 2nd quarter. Brown Advisory Inc. now owns 1,117 shares of the financial services provider’s stock valued at $541,000 after purchasing an additional 82 shares in the last quarter. Jump Financial LLC lifted its position in shares of Kinsale Capital Group by 136.9% in the 2nd quarter. Jump Financial LLC now owns 1,097 shares of the financial services provider’s stock worth $531,000 after purchasing an additional 634 shares during the period. Finally, Cerity Partners LLC lifted its position in shares of Kinsale Capital Group by 45.3% in the 2nd quarter. Cerity Partners LLC now owns 5,021 shares of the financial services provider’s stock worth $2,430,000 after purchasing an additional 1,566 shares during the period. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Trading Up 2.5%

NYSE KNSL opened at $311.36 on Friday. Kinsale Capital Group, Inc. has a 52 week low of $293.78 and a 52 week high of $512.76. The company has a 50 day moving average price of $339.99 and a 200 day moving average price of $372.94. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.11. The firm has a market cap of $7.18 billion, a PE ratio of 13.70, a price-to-earnings-growth ratio of 0.98 and a beta of 0.95.

Kinsale Capital Group (NYSE:KNSL) last announced its earnings results on Thursday, April 23rd. The financial services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $4.70 by $0.41. Kinsale Capital Group had a net margin of 27.48% and a return on equity of 25.82%. The company had revenue of $466.71 million during the quarter, compared to the consensus estimate of $410.25 million. During the same period last year, the firm earned $3.71 earnings per share. Kinsale Capital Group’s revenue was down .5% compared to the same quarter last year. As a group, sell-side analysts forecast that Kinsale Capital Group, Inc. will post 20.58 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

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 given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.3%. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 4.40%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KNSL. Wells Fargo & Company lowered shares of Kinsale Capital Group from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $420.00 to $357.00 in a report on Monday, April 27th. JPMorgan Chase & Co. lowered their target price on Kinsale Capital Group from $450.00 to $410.00 and set a “neutral” rating for the company in a report on Monday, February 23rd. Cantor Fitzgerald dropped their target price on Kinsale Capital Group from $360.00 to $280.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Truist Financial reduced their price target on 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. Finally, Wall Street Zen upgraded Kinsale Capital Group from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. 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. According to MarketBeat.com, Kinsale Capital Group presently has an average rating of “Hold” and an average price target of $392.00.

Insiders Place Their Bets

In related news, CEO Michael P. Kehoe sold 22,576 shares of the business’s 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.60% of the stock is currently owned by company insiders.

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.