Barclays PLC Has $5.48 Million Stock Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Barclays PLC lifted its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 34.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,772 shares of the financial services provider's stock after buying an additional 3,014 shares during the quarter. Barclays PLC owned about 0.05% of Kinsale Capital Group worth $5,480,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of KNSL. Westfield Capital Management Co. LP increased its stake in shares of Kinsale Capital Group by 65.3% in the 3rd quarter. Westfield Capital Management Co. LP now owns 149,217 shares of the financial services provider's stock valued at $69,471,000 after acquiring an additional 58,971 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Kinsale Capital Group by 75.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 133,975 shares of the financial services provider's stock valued at $62,375,000 after purchasing an additional 57,460 shares in the last quarter. International Assets Investment Management LLC increased its stake in Kinsale Capital Group by 76,986.9% in the third quarter. International Assets Investment Management LLC now owns 47,023 shares of the financial services provider's stock valued at $21,892,000 after purchasing an additional 46,962 shares in the last quarter. Erste Asset Management GmbH acquired a new stake in Kinsale Capital Group in the third quarter worth $18,599,000. Finally, Point72 Asset Management L.P. bought a new position in shares of Kinsale Capital Group during the second quarter worth $8,386,000. Institutional investors and hedge funds own 85.36% of the company's stock.

Insider Buying and Selling at Kinsale Capital Group

In other news, EVP Diane D. Schnupp sold 500 shares of the business's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $510.00, for a total transaction of $255,000.00. Following the transaction, the executive vice president now directly owns 6,994 shares in the company, valued at $3,566,940. The trade was a 6.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James Joseph Ritchie sold 2,295 shares of the firm's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $499.79, for a total transaction 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. Insiders sold a total of 7,235 shares of company stock worth $3,618,954 over the last ninety days. 5.60% of the stock is currently owned by corporate insiders.

Kinsale Capital Group Stock Down 0.3 %

Shares of NYSE KNSL traded down $1.17 during midday trading on Friday, reaching $466.31. The company's stock had a trading volume of 370,671 shares, compared to its average volume of 173,208. The stock has a 50 day simple moving average of $475.83 and a 200-day simple moving average of $448.76. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $10.86 billion, a price-to-earnings ratio of 26.59, a PEG ratio of 2.19 and a beta of 1.13. Kinsale Capital Group, Inc. has a fifty-two week low of $325.01 and a fifty-two week high of $548.47.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.60 by $0.60. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. The firm had revenue of $418.06 million for the quarter, compared to analyst estimates of $359.43 million. During the same period in the previous year, the business earned $3.31 EPS. The company's revenue was up 33.0% compared to the same quarter last year. Equities research analysts predict that Kinsale Capital Group, Inc. will post 15.61 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.15 per share. The ex-dividend date was Friday, November 29th. This represents a $0.60 annualized dividend and a yield of 0.13%. Kinsale Capital Group's dividend payout ratio (DPR) is presently 3.42%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Kinsale Capital Group from $426.00 to $420.00 and set a "neutral" rating for the company in a research report on Thursday, October 10th. Truist Financial dropped their price target on Kinsale Capital Group from $530.00 to $500.00 and set a "buy" rating on the stock in a research report on Monday, October 28th. Royal Bank of Canada decreased their price objective on Kinsale Capital Group from $480.00 to $475.00 and set a "sector perform" rating for the company in a research report on Monday, October 28th. Morgan Stanley assumed 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. Finally, Jefferies Financial Group lifted their price target on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $472.00.

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.