US Bancorp DE Sells 5,030 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

US Bancorp DE lowered its stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 59.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,431 shares of the financial services provider's stock after selling 5,030 shares during the period. US Bancorp DE's holdings in Kinsale Capital Group were worth $1,596,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of KNSL. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Kinsale Capital Group in the 4th quarter valued at about $25,000. Bank of Jackson Hole Trust bought a new stake in Kinsale Capital Group in the 4th quarter valued at about $31,000. Allworth Financial LP boosted its holdings in Kinsale Capital Group by 450.0% in the 4th quarter. Allworth Financial LP now owns 88 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 72 shares during the period. UMB Bank n.a. boosted its holdings in Kinsale Capital Group by 67.2% in the 4th quarter. UMB Bank n.a. now owns 102 shares of the financial services provider's stock valued at $47,000 after purchasing an additional 41 shares during the period. Finally, Mather Group LLC. boosted its holdings in Kinsale Capital Group by 43.6% in the 4th quarter. Mather Group LLC. now owns 168 shares of the financial services provider's stock valued at $78,000 after purchasing an additional 51 shares during the period. Institutional investors and hedge funds own 85.36% of the company's stock.

Insider Buying and Selling at Kinsale Capital Group

In other news, EVP Diane D. Schnupp sold 500 shares of Kinsale Capital Group stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $510.00, for a total transaction of $255,000.00. Following the completion of the transaction, the executive vice president now directly owns 6,994 shares in the company, valued at $3,566,940. This trade represents a 6.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.60% of the company's stock.

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Analyst Ratings Changes

KNSL has been the topic of several analyst reports. Truist Financial increased their price target on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Morgan Stanley reduced their price target 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. BMO Capital Markets increased their price target on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the stock a "market perform" rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. reduced their price target on shares of Kinsale Capital Group from $415.00 to $412.00 and set a "neutral" rating on the stock in a research report on Friday, January 3rd. Finally, JMP Securities reiterated a "market perform" rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $468.56.

Kinsale Capital Group Trading Up 0.6 %

NYSE KNSL traded up $2.46 during mid-day trading on Monday, reaching $448.73. 95,529 shares of the stock were exchanged, compared to its average volume of 171,366. Kinsale Capital Group, Inc. has a one year low of $355.12 and a one year high of $536.84. The stock has a 50 day simple moving average of $443.99 and a 200-day simple moving average of $462.37. The stock has a market cap of $10.45 billion, a P/E ratio of 25.29, a P/E/G ratio of 1.66 and a beta of 1.25. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09.

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 analysts' consensus estimates of $4.23 by $0.39. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. 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 EPS for the current year.

Kinsale Capital Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be paid a $0.17 dividend. This is an increase from Kinsale Capital Group's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 0.15%. The ex-dividend date is Thursday, February 27th. Kinsale Capital Group's payout ratio is 3.82%.

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.