Franklin Resources Inc. Purchases 12,125 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Franklin Resources Inc. lifted its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 14.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 97,120 shares of the financial services provider's stock after buying an additional 12,125 shares during the quarter. Franklin Resources Inc. owned about 0.42% of Kinsale Capital Group worth $45,869,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. ORG Wealth Partners LLC acquired a new stake in Kinsale Capital Group in the third quarter worth $26,000. UMB Bank n.a. boosted its position in shares of Kinsale Capital Group by 408.3% during the 3rd quarter. UMB Bank n.a. now owns 61 shares of the financial services provider's stock worth $28,000 after purchasing an additional 49 shares in the last quarter. Signaturefd LLC boosted its position in shares of Kinsale Capital Group by 68.9% during the 3rd quarter. Signaturefd LLC now owns 103 shares of the financial services provider's stock worth $48,000 after purchasing an additional 42 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its stake in shares of Kinsale Capital Group by 225.7% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 114 shares of the financial services provider's stock valued at $53,000 after buying an additional 79 shares during the period. Finally, American National Bank & Trust bought a new stake in Kinsale Capital Group in the 3rd quarter valued at about $55,000. Institutional investors and hedge funds own 85.36% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on KNSL shares. Jefferies Financial Group increased their price target on Kinsale Capital Group from $444.00 to $471.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. 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. JPMorgan Chase & Co. decreased their price target on shares of Kinsale Capital Group from $426.00 to $420.00 and set a "neutral" rating for the company in a research note on Thursday, October 10th. Truist Financial dropped their target price on shares of 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. Finally, Royal Bank of Canada reduced their target price on Kinsale Capital Group from $480.00 to $475.00 and set a "sector perform" rating for the company in a report on Monday, October 28th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $472.00.

Insider Transactions at Kinsale Capital Group

In related news, EVP Diane D. Schnupp sold 500 shares of the business's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $510.00, for a total transaction of $255,000.00. Following the sale, the executive vice president now directly owns 6,994 shares in the company, valued at approximately $3,566,940. The trade was a 6.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James Joseph Ritchie sold 2,295 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $499.79, for a total value of $1,147,018.05. Following the sale, the director now directly owns 7,348 shares in the company, valued at $3,672,456.92. This trade represents a 23.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,235 shares of company stock worth $3,618,954 over the last quarter. Corporate insiders own 5.60% of the company's stock.

Kinsale Capital Group Stock Performance

Kinsale Capital Group stock traded down $24.44 during trading on Wednesday, hitting $466.62. The stock had a trading volume of 149,961 shares, compared to its average volume of 172,548. The stock's 50 day moving average is $475.85 and its two-hundred day moving average is $447.58. Kinsale Capital Group, Inc. has a 1 year low of $325.01 and a 1 year high of $548.47. The stock has a market cap of $10.87 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 2.19 and a beta of 1.13. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13.

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 EPS 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 for the quarter, compared to analysts' expectations of $359.43 million. During the same quarter in the prior year, the firm earned $3.31 EPS. The business's revenue for the quarter was up 33.0% compared to the same quarter last year. As a group, analysts predict that Kinsale Capital Group, Inc. will post 15.61 EPS for the current year.

Kinsale Capital Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders 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 dividend on an annualized basis and a yield of 0.13%. Kinsale Capital Group's dividend payout ratio is presently 3.42%.

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.