Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Sold by Thompson Davis & CO. Inc.

Thompson Davis & CO. Inc. cut its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 4.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,400 shares of the financial services provider’s stock after selling 100 shares during the period. Kinsale Capital Group makes up approximately 0.7% of Thompson Davis & CO. Inc.’s holdings, making the stock its 19th largest holding. Thompson Davis & CO. Inc.’s holdings in Kinsale Capital Group were worth $804,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KNSL. Royal London Asset Management Ltd. increased its holdings in Kinsale Capital Group by 4,798.0% during the 3rd quarter. Royal London Asset Management Ltd. now owns 245,684 shares of the financial services provider’s stock worth $101,692,000 after purchasing an additional 240,668 shares during the last quarter. DAVENPORT & Co LLC increased its holdings in Kinsale Capital Group by 154.5% during the 4th quarter. DAVENPORT & Co LLC now owns 326,378 shares of the financial services provider’s stock worth $109,362,000 after purchasing an additional 198,129 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Kinsale Capital Group by 33,266.0% during the 4th quarter. International Assets Investment Management LLC now owns 178,842 shares of the financial services provider’s stock worth $59,896,000 after purchasing an additional 178,306 shares during the last quarter. Invesco Ltd. increased its holdings in Kinsale Capital Group by 15.4% during the 3rd quarter. Invesco Ltd. now owns 694,070 shares of the financial services provider’s stock worth $287,435,000 after purchasing an additional 92,496 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Kinsale Capital Group by 32.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 109,822 shares of the financial services provider’s stock worth $45,481,000 after purchasing an additional 27,015 shares during the last quarter. 85.36% of the stock is owned by institutional investors and hedge funds.

Kinsale Capital Group Stock Performance

KNSL traded up $5.25 during trading on Tuesday, reaching $363.25. 459,083 shares of the company were exchanged, compared to its average volume of 200,901. The stock has a market cap of $8.42 billion, a P/E ratio of 24.14 and a beta of 0.89. The firm has a 50 day moving average of $486.01 and a 200 day moving average of $414.46. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.16. Kinsale Capital Group, Inc. has a 52 week low of $297.33 and a 52 week high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.50 EPS for the quarter, topping analysts’ consensus estimates of $3.33 by $0.17. The firm had revenue of $372.79 million during the quarter, compared to the consensus estimate of $366.45 million. Kinsale Capital Group had a return on equity of 31.21% and a net margin of 26.33%. The firm’s revenue was up 41.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.44 EPS. On average, sell-side analysts forecast that Kinsale Capital Group, Inc. will post 15.31 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Tuesday, February 27th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date was Monday, February 26th. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.14. Kinsale Capital Group’s payout ratio is 3.99%.

Wall Street Analyst Weigh In

Several research firms have issued reports on KNSL. JPMorgan Chase & Co. lifted their price objective on Kinsale Capital Group from $375.00 to $420.00 and gave the stock a “neutral” rating in a report on Monday, February 26th. BMO Capital Markets lowered their price target on Kinsale Capital Group from $544.00 to $453.00 and set a “market perform” rating for the company in a report on Tuesday. Royal Bank of Canada reiterated a “sector perform” rating and issued a $425.00 price target (down from $555.00) on shares of Kinsale Capital Group in a report on Monday. Truist Financial lowered their price target on Kinsale Capital Group from $600.00 to $440.00 and set a “buy” rating for the company in a report on Monday. Finally, Compass Point lowered their price target on Kinsale Capital Group from $490.00 to $390.00 and set a “neutral” rating for the company in a report on Monday. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $438.43.

Insiders Place Their Bets

In other Kinsale Capital Group news, CEO Michael P. Kehoe sold 4,000 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $523.73, for a total transaction of $2,094,920.00. Following the completion of the transaction, the chief executive officer now owns 303,972 shares in the company, valued at approximately $159,199,255.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Kinsale Capital Group news, CEO Michael P. Kehoe sold 4,000 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $523.73, for a total transaction of $2,094,920.00. Following the completion of the transaction, the chief executive officer now owns 303,972 shares in the company, valued at approximately $159,199,255.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frederick L. Jr. Russell sold 2,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $524.09, for a total value of $1,048,180.00. Following the transaction, the director now owns 887 shares of the company’s stock, valued at approximately $464,867.83. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.

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.