Macquarie Group Ltd. boosted its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL – Get Rating) by 0.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 472,628 shares of the financial services provider’s stock after acquiring an additional 629 shares during the period. Macquarie Group Ltd. owned 2.06% of Kinsale Capital Group worth $123,602,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Point72 Middle East FZE purchased a new position in Kinsale Capital Group in the 4th quarter valued at about $127,000. Port Capital LLC lifted its holdings in Kinsale Capital Group by 3.3% in the 4th quarter. Port Capital LLC now owns 125,463 shares of the financial services provider’s stock valued at $32,811,000 after purchasing an additional 4,045 shares in the last quarter. Metropolitan Life Insurance Co NY lifted its holdings in Kinsale Capital Group by 2.9% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 1,329 shares of the financial services provider’s stock valued at $348,000 after purchasing an additional 38 shares in the last quarter. Captrust Financial Advisors lifted its holdings in Kinsale Capital Group by 38.7% in the 4th quarter. Captrust Financial Advisors now owns 1,241 shares of the financial services provider’s stock valued at $325,000 after purchasing an additional 346 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in Kinsale Capital Group by 144.1% in the 4th quarter. Lazard Asset Management LLC now owns 3,032 shares of the financial services provider’s stock valued at $792,000 after purchasing an additional 1,790 shares in the last quarter. 85.97% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, COO Brian D. Haney sold 1,500 shares of the stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $349.94, for a total transaction of $524,910.00. Following the completion of the sale, the chief operating officer now owns 70,831 shares of the company’s stock, valued at approximately $24,786,600.14. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Kinsale Capital Group news, COO Brian D. Haney sold 1,500 shares of the stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $349.94, for a total value of $524,910.00. Following the completion of the sale, the chief operating officer now owns 70,831 shares of the company’s stock, valued at $24,786,600.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven J. Bensinger sold 3,000 shares of the stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $327.59, for a total transaction of $982,770.00. Following the completion of the sale, the director now directly owns 27,887 shares of the company’s stock, valued at approximately $9,135,502.33. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,500 shares of company stock valued at $3,491,170. 6.00% of the stock is currently owned by corporate insiders.
Kinsale Capital Group Stock Up 1.5 %
KNSL opened at $355.31 on Friday. The firm has a 50 day moving average price of $328.45 and a 200 day moving average price of $308.29. The company has a market cap of $8.23 billion, a PE ratio of 44.98 and a beta of 0.86. Kinsale Capital Group, Inc. has a 1 year low of $205.48 and a 1 year high of $360.95. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.17 and a current ratio of 0.17.
Kinsale Capital Group (NYSE:KNSL – Get Rating) last posted its earnings results on Friday, April 28th. The financial services provider reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.20. The firm had revenue of $299.03 million during the quarter, compared to the consensus estimate of $252.84 million. Kinsale Capital Group had a net margin of 20.44% and a return on equity of 28.34%. The company’s revenue was up 38.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.63 EPS. Sell-side analysts expect that Kinsale Capital Group, Inc. will post 10.37 earnings per share for the current year.
Kinsale Capital Group Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 13th. Investors of record on Wednesday, May 31st were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date of this dividend was Tuesday, May 30th. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 7.09%.
Wall Street Analyst Weigh In
KNSL has been the topic of a number of recent research reports. Royal Bank of Canada upped their target price on shares of Kinsale Capital Group from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Tuesday, February 21st. Jefferies Financial Group increased their price objective on shares of Kinsale Capital Group from $313.00 to $315.00 and gave the stock a “hold” rating in a report on Monday, April 10th. StockNews.com started coverage on shares of Kinsale Capital Group in a report on Thursday, May 18th. They set a “hold” rating on the stock. Compass Point lowered shares of Kinsale Capital Group from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $330.00 to $350.00 in a report on Tuesday, February 21st. Finally, BMO Capital Markets upgraded shares of Kinsale Capital Group from an “underperform” rating to an “outperform” rating and increased their price objective for the stock from $270.00 to $389.00 in a report on Friday, June 2nd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Kinsale Capital Group presently has an average rating of “Moderate Buy” and a consensus target price of $362.80.
Kinsale Capital Group Company Profile
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Kinsale Capital Group, Inc is a holding company, which engages in the provision of property and casualty insurance services. It operates the Excess and Surplus Lines Insurance segment. The Excess and Surplus Lines Insurance segment provides commercial excess and surplus lines liability and property insurance products through underwriting divisions.
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