Bank of Montreal Can Has $9 Million Stock Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Bank of Montreal Can grew its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 54.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,511 shares of the financial services provider's stock after buying an additional 6,876 shares during the quarter. Bank of Montreal Can owned about 0.08% of Kinsale Capital Group worth $9,002,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ORG Wealth Partners LLC purchased a new position in shares of Kinsale Capital Group in the third quarter worth approximately $26,000. UMB Bank n.a. boosted its holdings in shares of Kinsale Capital Group by 408.3% during the third 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 during the period. Trust Co. of Vermont boosted its holdings in shares of Kinsale Capital Group by 113.6% during the second quarter. Trust Co. of Vermont now owns 94 shares of the financial services provider's stock worth $36,000 after purchasing an additional 50 shares during the period. Signaturefd LLC boosted its holdings 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 purchasing an additional 42 shares during the period. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in shares of Kinsale Capital Group by 225.7% during the third quarter. Massmutual Trust Co. FSB ADV now owns 114 shares of the financial services provider's stock worth $53,000 after purchasing an additional 79 shares during the period. 85.36% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Frederick L. Jr. Russell sold 4,440 shares of the stock in a transaction that occurred 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 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 filing with the SEC, which can be accessed through the SEC website. 5.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on KNSL shares. BMO Capital Markets lifted their target price on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the company a "market perform" rating in a research note on Thursday, November 21st. Jefferies Financial Group boosted their price objective on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. 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. JPMorgan Chase & Co. dropped their target price on shares of Kinsale Capital Group from $426.00 to $420.00 and set a "neutral" rating on the stock in a research report on Thursday, October 10th. Finally, Royal Bank of Canada lowered their price target on shares of Kinsale Capital Group from $480.00 to $475.00 and set a "sector perform" rating on the stock in a report on Monday, October 28th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $456.88.

Kinsale Capital Group Price Performance

NYSE KNSL traded down $4.84 on Monday, hitting $503.60. 32,550 shares of the company were exchanged, compared to its average volume of 171,463. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.13. Kinsale Capital Group, Inc. has a 1-year low of $325.01 and a 1-year high of $548.47. The company has a market cap of $11.73 billion, a P/E ratio of 28.99, a P/E/G ratio of 2.16 and a beta of 1.09. The firm has a 50 day moving average of $466.06 and a two-hundred day moving average of $437.40.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced 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. The company had revenue of $418.06 million during the quarter, compared to analysts' expectations of $359.43 million. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. Kinsale Capital Group's revenue was up 33.0% on a year-over-year basis. During the same period in the prior year, the business posted $3.31 EPS. On average, equities analysts predict that Kinsale Capital Group, Inc. will post 15.52 EPS for the current year.

Kinsale Capital Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.12%. Kinsale Capital Group's payout ratio is 3.42%.

About Kinsale Capital Group

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.