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Entropy Technologies LP Invests $1.42 Million in Kinsale Capital Group, Inc. (NYSE:KNSL)

Kinsale Capital Group logo with Finance background

Entropy Technologies LP bought a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 3,044 shares of the financial services provider's stock, valued at approximately $1,416,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Kinsale Capital Group in the fourth quarter valued at about $25,000. ORG Wealth Partners LLC purchased a new position in Kinsale Capital Group in the third quarter valued at about $26,000. UMB Bank n.a. grew its stake in Kinsale Capital Group by 408.3% in the third quarter. UMB Bank n.a. now owns 61 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 49 shares during the last quarter. Signaturefd LLC grew its stake in shares of Kinsale Capital Group by 68.9% during the third quarter. Signaturefd LLC now owns 103 shares of the financial services provider's stock worth $48,000 after acquiring an additional 42 shares during the last quarter. Finally, Mather Group LLC. grew its stake in shares of Kinsale Capital Group by 43.6% during the fourth quarter. Mather Group LLC. now owns 168 shares of the financial services provider's stock worth $78,000 after acquiring an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 85.36% of the company's stock.

Kinsale Capital Group Price Performance

Shares of KNSL stock traded down $37.34 during trading hours on Friday, hitting $449.77. 821,618 shares of the company's stock were exchanged, compared to its average volume of 222,081. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13. The firm has a market cap of $10.48 billion, a P/E ratio of 25.64, a P/E/G ratio of 1.82 and a beta of 1.15. The firm has a 50 day moving average of $461.05 and a two-hundred day moving average of $465.71. Kinsale Capital Group, Inc. has a fifty-two week low of $355.12 and a fifty-two week high of $548.47.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced its earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share for the quarter, topping the consensus estimate of $4.23 by $0.39. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. Sell-side analysts forecast that Kinsale Capital Group, Inc. will post 15.67 EPS for the current year.

Kinsale Capital Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.15%. This is an increase 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 presently 3.42%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on KNSL shares. Royal Bank of Canada dropped their price target on Kinsale Capital Group from $480.00 to $475.00 and set a "sector perform" rating on the stock in a research note on Monday, October 28th. JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday. Morgan Stanley dropped their price target on Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating on the stock in a research note on Friday. 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 note on Tuesday, January 14th. Finally, 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 research report on Monday, October 28th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $460.78.

Get Our Latest Analysis on KNSL

Insider Transactions at Kinsale Capital Group

In related news, Director Frederick L. Jr. Russell sold 4,440 shares of the 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 transaction, the director now directly owns 447 shares of the company's stock, valued at approximately $223,191.57. This represents a 90.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Diane D. Schnupp sold 500 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $510.00, for a total value of $255,000.00. Following the completion of the transaction, the executive vice president now directly owns 6,994 shares of the company's stock, valued at approximately $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 sold a total of 7,235 shares of company stock valued at $3,618,954 in the last three months. 5.60% of the stock is currently owned by company insiders.

About Kinsale Capital Group

(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.

Further Reading

Institutional Ownership by Quarter for Kinsale Capital Group (NYSE:KNSL)

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