Teachers Retirement System of The State of Kentucky Has $2.33 Million Stake in Kinsale Capital Group, Inc. (NYSE:KNSL)

Teachers Retirement System of The State of Kentucky reduced its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 4.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,951 shares of the financial services provider’s stock after selling 300 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Kinsale Capital Group were worth $2,328,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KNSL. Cim LLC acquired a new stake in shares of Kinsale Capital Group during the 4th quarter valued at $1,934,000. Axiom Investors LLC DE grew its stake in Kinsale Capital Group by 116.3% in the fourth quarter. Axiom Investors LLC DE now owns 44,135 shares of the financial services provider’s stock valued at $14,781,000 after purchasing an additional 23,728 shares in the last quarter. Carnegie Capital Asset Management LLC acquired a new position in Kinsale Capital Group in the 4th quarter worth about $8,002,000. The Manufacturers Life Insurance Company raised its stake in shares of Kinsale Capital Group by 129.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 44,232 shares of the financial services provider’s stock worth $14,814,000 after purchasing an additional 24,992 shares in the last quarter. Finally, Trexquant Investment LP lifted its holdings in shares of Kinsale Capital Group by 51.5% during the 4th quarter. Trexquant Investment LP now owns 8,899 shares of the financial services provider’s stock valued at $2,980,000 after buying an additional 3,026 shares during the last quarter. 85.36% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO Brian D. Haney sold 3,778 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $367.74, for a total transaction of $1,389,321.72. Following the transaction, the chief operating officer now directly owns 95,850 shares in the company, valued at $35,247,879. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.60% of the stock is owned by company insiders.

Kinsale Capital Group Price Performance

Shares of NYSE:KNSL opened at $395.83 on Friday. The company has a market cap of $9.21 billion, a price-to-earnings ratio of 26.30 and a beta of 1.07. The business has a 50 day moving average price of $398.16 and a 200 day moving average price of $417.20. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.16. Kinsale Capital Group, Inc. has a twelve month low of $325.01 and a twelve month high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.50 earnings per share for the quarter, beating the consensus estimate of $3.33 by $0.17. Kinsale Capital Group had a return on equity of 31.21% and a net margin of 26.33%. The company had revenue of $372.79 million during the quarter, compared to analysts’ expectations of $366.45 million. During the same period in the prior year, the business earned $2.44 earnings per share. Kinsale Capital Group’s revenue for the quarter was up 41.7% compared to the same quarter last year. Research analysts predict that Kinsale Capital Group, Inc. will post 14.94 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Friday, May 31st were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.60 annualized dividend and a dividend yield of 0.15%. Kinsale Capital Group’s payout ratio is 3.99%.

Analyst Ratings Changes

Several equities analysts recently weighed in on KNSL shares. TD Cowen started coverage on shares of Kinsale Capital Group in a research report on Monday, May 20th. They set a “hold” rating and a $403.00 price objective on the stock. BMO Capital Markets decreased their price objective on shares of Kinsale Capital Group from $544.00 to $453.00 and set a “market perform” rating for the company in a report on Tuesday, April 30th. Truist Financial lowered their target price on shares of Kinsale Capital Group from $600.00 to $440.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. Compass Point reduced their price target on Kinsale Capital Group from $490.00 to $390.00 and set a “neutral” rating for the company in a research report on Monday, April 29th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $425.00 price objective (down previously from $555.00) on shares of Kinsale Capital Group in a report on Monday, April 29th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Kinsale Capital Group presently has a consensus rating of “Hold” and an average price target of $434.00.

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.