Argent Capital Management LLC Acquires Shares of 3,732 Kinsale Capital Group, Inc. (NYSE:KNSL)

Argent Capital Management LLC acquired a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,732 shares of the financial services provider's stock, valued at approximately $1,736,000.

Several other hedge funds have also recently bought and sold shares of the stock. Benjamin Edwards Inc. grew its holdings in shares of Kinsale Capital Group by 9.9% during the second quarter. Benjamin Edwards Inc. now owns 267 shares of the financial services provider's stock worth $103,000 after purchasing an additional 24 shares during the last quarter. Leibman Financial Services Inc. boosted its holdings in Kinsale Capital Group by 0.5% in the third quarter. Leibman Financial Services Inc. now owns 4,562 shares of the financial services provider's stock valued at $2,124,000 after acquiring an additional 24 shares during the last quarter. CWM LLC boosted its holdings in Kinsale Capital Group by 8.8% in the third quarter. CWM LLC now owns 406 shares of the financial services provider's stock valued at $189,000 after acquiring an additional 33 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in Kinsale Capital Group by 5.1% in the third quarter. Fifth Third Wealth Advisors LLC now owns 763 shares of the financial services provider's stock valued at $355,000 after acquiring an additional 37 shares during the last quarter. Finally, RiverPark Advisors LLC boosted its holdings in Kinsale Capital Group by 3.6% during the third quarter. RiverPark Advisors LLC now owns 1,180 shares of the financial services provider's stock worth $549,000 after buying an additional 41 shares during the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KNSL has been the topic of a number of recent analyst reports. Wolfe Research upgraded Kinsale Capital Group from a "peer perform" rating to an "outperform" rating and set a $535.00 target price on the stock in a report on Monday, October 28th. Jefferies Financial Group raised their price target on Kinsale Capital Group from $444.00 to $471.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. dropped their price target on Kinsale Capital Group from $415.00 to $412.00 and set a "neutral" rating on the stock in a research report on Friday, January 3rd. Truist Financial dropped their price target on Kinsale Capital Group from $500.00 to $480.00 and set a "buy" rating on the stock in a research report on Tuesday. Finally, BMO Capital Markets raised their price target on 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. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $468.89.

Kinsale Capital Group Stock Up 0.4 %

KNSL stock traded up $1.92 during mid-day trading on Thursday, reaching $437.92. The company had a trading volume of 142,311 shares, compared to its average volume of 246,041. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.09 and a quick ratio of 0.09. The stock has a 50 day simple moving average of $474.12 and a two-hundred day simple moving average of $456.01. The company has a market capitalization of $10.20 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 1.52 and a beta of 1.16. Kinsale Capital Group, Inc. has a 52 week low of $355.12 and a 52 week high of $548.47.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $418.06 million during the quarter, compared to the consensus estimate of $359.43 million. During the same period last year, the company earned $3.31 earnings per share. The business's revenue was up 33.0% compared to the same quarter last year. As a group, equities analysts predict that Kinsale Capital Group, Inc. will post 15.66 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.14%. Kinsale Capital Group's dividend payout ratio is currently 3.42%.

Insider Transactions at Kinsale Capital Group

In related news, Director Frederick L. Jr. Russell sold 4,440 shares of the business's stock in a transaction on 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 completion of the sale, the director now directly owns 447 shares in the company, valued at $223,191.57. The trade was a 90.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James Joseph Ritchie sold 2,295 shares of the business's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $499.79, for a total value of $1,147,018.05. Following the completion of the sale, the director now owns 7,348 shares of the company's stock, valued at $3,672,456.92. This trade represents a 23.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 7,235 shares of company stock worth $3,618,954. 5.60% of the stock is owned by company 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.