Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Sold by US Bancorp DE

US Bancorp DE lowered its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 59.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,431 shares of the financial services provider’s stock after selling 5,030 shares during the period. US Bancorp DE’s holdings in Kinsale Capital Group were worth $1,596,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of KNSL. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Kinsale Capital Group in the 4th quarter valued at about $25,000. Bank of Jackson Hole Trust acquired a new stake in shares of Kinsale Capital Group during the 4th quarter worth about $31,000. Allworth Financial LP boosted its position in shares of Kinsale Capital Group by 450.0% in the fourth quarter. Allworth Financial LP now owns 88 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 72 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Kinsale Capital Group by 67.2% in the fourth quarter. UMB Bank n.a. now owns 102 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 41 shares during the last quarter. Finally, Mather Group LLC. raised its holdings in Kinsale Capital Group by 43.6% in the fourth quarter. Mather Group LLC. now owns 168 shares of the financial services provider’s stock valued at $78,000 after buying an additional 51 shares during the period. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Insider Buying and Selling at Kinsale Capital Group

In related news, EVP Diane D. Schnupp sold 500 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $510.00, for a total value of $255,000.00. Following the transaction, the executive vice president now owns 6,994 shares in the company, valued at $3,566,940. This trade represents a 6.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.60% of the company’s stock.

Kinsale Capital Group Stock Up 2.4 %

Shares of Kinsale Capital Group stock opened at $445.94 on Friday. The stock has a market capitalization of $10.38 billion, a P/E ratio of 25.07, a PEG ratio of 1.66 and a beta of 1.25. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12. The stock has a 50 day moving average price of $443.99 and a two-hundred day moving average price of $462.49. Kinsale Capital Group, Inc. has a 12-month low of $355.12 and a 12-month high of $536.84.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings results on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, topping analysts’ consensus estimates of $4.23 by $0.39. The company had revenue of $412.12 million during the quarter, compared to analyst estimates of $418.32 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. Equities analysts expect that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.15%. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, February 27th. Kinsale Capital Group’s dividend payout ratio is 3.82%.

Analyst Ratings Changes

KNSL has been the topic of several research reports. JMP Securities restated a “market perform” rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Royal Bank of Canada restated a “sector perform” rating and issued a $500.00 price target on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. Truist Financial lifted their price objective on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. reduced their price target on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Finally, Morgan Stanley cut their price objective on shares of Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $468.56.

Kinsale Capital Group Company 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.