570 Shares in Kinsale Capital Group, Inc. (NYSE:KNSL) Purchased by Everence Capital Management Inc.

Everence Capital Management Inc. acquired a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 570 shares of the financial services provider’s stock, valued at approximately $265,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in KNSL. Thrivent Financial for Lutherans lifted its holdings in Kinsale Capital Group by 0.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 729,508 shares of the financial services provider’s stock valued at $281,065,000 after purchasing an additional 6,331 shares during the last quarter. State Street Corp lifted its stake in shares of Kinsale Capital Group by 1.3% during the 3rd quarter. State Street Corp now owns 689,386 shares of the financial services provider’s stock worth $320,957,000 after buying an additional 8,954 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Kinsale Capital Group by 5.9% during the 3rd quarter. Geode Capital Management LLC now owns 528,708 shares of the financial services provider’s stock worth $246,810,000 after buying an additional 29,686 shares during the last quarter. Geneva Capital Management LLC boosted its holdings in shares of Kinsale Capital Group by 1.3% during the 3rd quarter. Geneva Capital Management LLC now owns 407,831 shares of the financial services provider’s stock worth $189,874,000 after buying an additional 5,207 shares during the period. Finally, Copeland Capital Management LLC grew its stake in Kinsale Capital Group by 0.3% in the 3rd quarter. Copeland Capital Management LLC now owns 231,303 shares of the financial services provider’s stock valued at $107,687,000 after buying an additional 685 shares during the last quarter. 85.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on KNSL shares. BMO Capital Markets raised their price objective on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. dropped their target price on Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Wolfe Research upgraded shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price target on the stock in a research note on Monday, October 28th. Truist Financial dropped their price objective on shares of Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Finally, Morgan Stanley started coverage on shares of Kinsale Capital Group in a report on Thursday, December 5th. They set an “overweight” rating and a $593.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Kinsale Capital Group presently has a consensus rating of “Hold” and an average target price of $471.11.

Kinsale Capital Group Stock Down 0.1 %

Shares of KNSL opened at $420.54 on Wednesday. The firm has a 50 day simple moving average of $475.28 and a two-hundred day simple moving average of $454.68. The company has a market cap of $9.79 billion, a P/E ratio of 23.98, a P/E/G ratio of 2.16 and a beta of 1.16. Kinsale Capital Group, Inc. has a one year low of $355.12 and a one year high of $548.47. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.09 and a quick ratio of 0.09.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.20 earnings per share for the quarter, topping the consensus estimate of $3.60 by $0.60. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. The business had revenue of $418.06 million during the quarter, compared to the consensus estimate of $359.43 million. During the same period in the prior year, the company earned $3.31 EPS. Kinsale Capital Group’s revenue for the quarter was up 33.0% on a year-over-year basis. Research analysts forecast that Kinsale Capital Group, Inc. will post 15.61 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.14%. The ex-dividend date of this dividend was Friday, November 29th. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.42%.

Insider Activity at Kinsale Capital Group

In other Kinsale Capital Group news, Director James Joseph Ritchie sold 2,295 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $499.79, for a total value of $1,147,018.05. Following the completion of the transaction, the director now directly owns 7,348 shares in the company, valued at approximately $3,672,456.92. This trade represents a 23.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frederick L. Jr. Russell sold 4,440 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $499.31, for a total value of $2,216,936.40. Following the sale, the director now owns 447 shares in the company, valued at approximately $223,191.57. This trade represents a 90.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,235 shares of company stock valued at $3,618,954 in the last quarter. Insiders own 5.60% of the company’s stock.

About Kinsale Capital Group

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.