Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 2.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,475 shares of the financial services provider's stock after acquiring an additional 3,469 shares during the period. Charles Schwab Investment Management Inc. owned 0.64% of Kinsale Capital Group worth $69,126,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. ORG Wealth Partners LLC purchased a new position in Kinsale Capital Group during the 3rd quarter worth $26,000. UMB Bank n.a. grew 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 buying an additional 49 shares in the last quarter. Trust Co. of Vermont increased its stake 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 valued at $36,000 after buying an additional 50 shares during the period. Signaturefd LLC raised its holdings in shares of Kinsale Capital Group by 68.9% in the third quarter. Signaturefd LLC now owns 103 shares of the financial services provider's stock valued at $48,000 after acquiring an additional 42 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its stake in Kinsale Capital Group by 225.7% in the third quarter. Massmutual Trust Co. FSB ADV now owns 114 shares of the financial services provider's stock worth $53,000 after acquiring an additional 79 shares during the period. 85.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KNSL has been the topic of a number of research reports. JPMorgan Chase & Co. cut 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. Jefferies Financial Group lifted their price objective on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the company 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 for the company in a report on Monday, October 28th. Truist Financial cut their price target on Kinsale Capital Group from $530.00 to $500.00 and set a "buy" rating on the stock in a report on Monday, October 28th. Finally, BMO Capital Markets raised their price objective on Kinsale Capital Group from $445.00 to $461.00 and gave the company a "market perform" rating in a research report on Thursday, November 21st. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $456.88.

Insider Activity

In related news, Director Frederick L. Jr. Russell sold 4,440 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $499.31, for a total value of $2,216,936.40. Following the transaction, the director now owns 447 shares in the company, valued at approximately $223,191.57. This represents a 90.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 5.60% of the company's stock.

Kinsale Capital Group Stock Down 1.3 %

NYSE:KNSL traded down $6.86 during mid-day trading on Friday, hitting $508.44. 59,989 shares of the company's stock traded hands, compared to its average volume of 172,074. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.09 and a current ratio of 0.09. The company has a market capitalization of $11.84 billion, a P/E ratio of 28.99, a P/E/G ratio of 2.19 and a beta of 1.09. The company has a fifty day moving average of $464.91 and a 200 day moving average of $435.68. Kinsale Capital Group, Inc. has a twelve month low of $325.01 and a twelve month high of $548.47.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $418.06 million for the quarter, compared to the consensus estimate of $359.43 million. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. The company's revenue for the quarter was up 33.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.31 earnings per share. On average, analysts forecast that Kinsale Capital Group, Inc. will post 15.67 EPS for the current year.

Kinsale Capital Group Dividend Announcement

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

Kinsale Capital Group Company 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.