Catalyst Capital Advisors LLC lowered its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 66.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,520 shares of the financial services provider's stock after selling 3,075 shares during the quarter. Catalyst Capital Advisors LLC's holdings in Kinsale Capital Group were worth $707,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Ballentine Partners LLC raised its position in shares of Kinsale Capital Group by 4.6% during the fourth quarter. Ballentine Partners LLC now owns 573 shares of the financial services provider's stock worth $267,000 after acquiring an additional 25 shares during the last quarter. Caprock Group LLC raised its position in shares of Kinsale Capital Group by 1.7% during the fourth quarter. Caprock Group LLC now owns 1,653 shares of the financial services provider's stock worth $769,000 after acquiring an additional 28 shares during the last quarter. CWM LLC raised its position in shares of Kinsale Capital Group by 8.8% during the third quarter. CWM LLC now owns 406 shares of the financial services provider's stock worth $189,000 after acquiring an additional 33 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its position in shares of Kinsale Capital Group by 5.1% during the third quarter. Fifth Third Wealth Advisors LLC now owns 763 shares of the financial services provider's stock worth $355,000 after acquiring an additional 37 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its position in shares of Kinsale Capital Group by 2.5% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 1,595 shares of the financial services provider's stock worth $742,000 after acquiring an additional 39 shares during the last quarter. Institutional investors and hedge funds own 85.36% of the company's stock.
Kinsale Capital Group Trading Down 2.9 %
NYSE:KNSL traded down $12.70 on Friday, reaching $428.74. The company's stock had a trading volume of 212,433 shares, compared to its average volume of 224,301. Kinsale Capital Group, Inc. has a 1-year low of $355.12 and a 1-year high of $548.47. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market cap of $9.99 billion, a PE ratio of 24.10, a PEG ratio of 1.66 and a beta of 1.15. The business's 50-day moving average price is $454.19 and its two-hundred day moving average price is $465.51.
Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.23 by $0.39. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The firm had revenue of $412.12 million during the quarter, compared to analysts' expectations of $418.32 million. Equities research analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.
Kinsale Capital Group Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.16%. This is a boost from Kinsale Capital Group's previous quarterly dividend of $0.15. The ex-dividend date is Thursday, February 27th. Kinsale Capital Group's payout ratio is presently 3.37%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the company. Truist Financial boosted their target price on Kinsale Capital Group from $480.00 to $525.00 and gave the stock a "buy" rating in a research report on Tuesday. Wolfe Research upgraded Kinsale Capital Group from a "peer perform" rating to an "outperform" rating and set a $535.00 target price for the company in a research report on Monday, October 28th. JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. BMO Capital Markets upped their price objective on Kinsale Capital Group from $445.00 to $461.00 and gave the company a "market perform" rating in a report on Thursday, November 21st. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $500.00 price objective on shares of Kinsale Capital Group in a report on Tuesday. Eight 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.com, the company currently has a consensus rating of "Hold" and a consensus target price of $468.56.
Get Our Latest Report on Kinsale Capital Group
Insider Buying and Selling at Kinsale Capital Group
In other news, Director James Joseph Ritchie sold 2,295 shares of the company's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $499.79, for a total transaction of $1,147,018.05. Following the completion of the transaction, the director now directly owns 7,348 shares of the company's stock, valued at $3,672,456.92. This represents a 23.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Diane D. Schnupp sold 500 shares of the company'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 directly owns 6,994 shares of the company's stock, valued at $3,566,940. This represents a 6.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.60% of the company's stock.
Kinsale Capital Group Profile
(
Free Report)
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.
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