Cumberland Partners Ltd Purchases 2,000 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Cumberland Partners Ltd increased its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 80.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,500 shares of the financial services provider's stock after acquiring an additional 2,000 shares during the quarter. Cumberland Partners Ltd's holdings in Kinsale Capital Group were worth $2,093,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in KNSL. CWM LLC boosted its stake in Kinsale Capital Group by 8.8% during the 3rd quarter. CWM LLC now owns 406 shares of the financial services provider's stock valued at $189,000 after purchasing an additional 33 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Kinsale Capital Group by 309.1% in the third quarter. Blue Trust Inc. now owns 180 shares of the financial services provider's stock valued at $84,000 after acquiring an additional 136 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Kinsale Capital Group by 35.8% during the third quarter. Sequoia Financial Advisors LLC now owns 1,751 shares of the financial services provider's stock worth $815,000 after acquiring an additional 462 shares during the period. Signaturefd LLC lifted its holdings in 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 period. Finally, Private Advisor Group LLC bought a new position in Kinsale Capital Group in the 3rd quarter valued at $272,000. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Kinsale Capital Group Stock Performance

Shares of Kinsale Capital Group stock traded down $14.57 during trading hours on Friday, reaching $426.87. The company had a trading volume of 148,730 shares, compared to its average volume of 221,992. The firm has a market cap of $9.94 billion, a PE ratio of 24.00, a price-to-earnings-growth ratio of 1.66 and a beta of 1.15. Kinsale Capital Group, Inc. has a one year low of $355.12 and a one year high of $548.47. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09. The business has a fifty day simple moving average of $454.19 and a 200 day simple moving average of $465.51.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its earnings results on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, topping the consensus estimate 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 business had revenue of $412.12 million during the quarter, compared to the consensus estimate of $418.32 million. On average, 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 27th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $0.68 annualized dividend and a yield of 0.16%. This is a boost from Kinsale Capital Group's previous quarterly dividend of $0.15. Kinsale Capital Group's payout ratio is currently 3.37%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. JMP Securities reiterated a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Morgan Stanley lowered their price objective on shares of Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Royal Bank of Canada reissued a "sector perform" rating and set a $500.00 target price on shares of Kinsale Capital Group in a research report on Tuesday. Truist Financial lifted their price target on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, BMO Capital Markets increased 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. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Kinsale Capital Group currently has a consensus rating of "Hold" and a consensus target price of $468.56.

Insider Activity at Kinsale Capital Group

In related news, Director James Joseph Ritchie sold 2,295 shares of the business'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 transaction, the director now owns 7,348 shares in the company, valued at $3,672,456.92. The trade was a 23.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Diane D. Schnupp sold 500 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $510.00, for a total value of $255,000.00. Following the completion of the sale, the executive vice president now owns 6,994 shares of the company's stock, valued at approximately $3,566,940. This trade represents a 6.67 % decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is owned by insiders.

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.