Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Bought by Alta Capital Management LLC

Alta Capital Management LLC increased its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 32.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 39,239 shares of the financial services provider's stock after purchasing an additional 9,589 shares during the quarter. Kinsale Capital Group accounts for 1.1% of Alta Capital Management LLC's holdings, making the stock its 29th biggest holding. Alta Capital Management LLC owned approximately 0.17% of Kinsale Capital Group worth $18,251,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. State Street Corp raised its holdings in shares of Kinsale Capital Group by 1.3% in the third quarter. State Street Corp now owns 689,386 shares of the financial services provider's stock worth $320,957,000 after buying an additional 8,954 shares during the period. Geode Capital Management LLC grew its position in Kinsale Capital Group by 5.9% in the 3rd quarter. Geode Capital Management LLC now owns 528,708 shares of the financial services provider's stock valued at $246,810,000 after acquiring an additional 29,686 shares during the last quarter. DAVENPORT & Co LLC increased its stake in Kinsale Capital Group by 9.6% in the fourth quarter. DAVENPORT & Co LLC now owns 511,869 shares of the financial services provider's stock worth $238,193,000 after purchasing an additional 44,931 shares during the period. Geneva Capital Management LLC lifted its position in shares of Kinsale Capital Group by 1.3% during the third quarter. Geneva Capital Management LLC now owns 407,831 shares of the financial services provider's stock worth $189,874,000 after purchasing an additional 5,207 shares during the last quarter. Finally, DF Dent & Co. Inc. boosted its stake in shares of Kinsale Capital Group by 3.0% during the third quarter. DF Dent & Co. Inc. now owns 226,614 shares of the financial services provider's stock valued at $105,505,000 after purchasing an additional 6,679 shares during the period. Hedge funds and other institutional investors own 85.36% of the company's stock.

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Analysts Set New Price Targets

Several research analysts recently commented on the stock. 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 note on Friday, February 14th. Truist Financial raised their target price 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. JPMorgan Chase & Co. lowered their price target on Kinsale Capital Group from $415.00 to $412.00 and set a "neutral" rating for the company in a report on Friday, January 3rd. BMO Capital Markets raised their price objective on Kinsale Capital Group from $445.00 to $461.00 and gave the stock a "market perform" rating in a report on Thursday, November 21st. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $468.56.

Kinsale Capital Group Stock Up 2.4 %

Shares of NYSE:KNSL traded up $10.51 on Friday, reaching $445.94. The company had a trading volume of 114,371 shares, compared to its average volume of 171,775. The firm has a market capitalization of $10.38 billion, a PE ratio of 25.07, a PEG ratio of 1.66 and a beta of 1.25. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12. Kinsale Capital Group, Inc. has a 52-week low of $355.12 and a 52-week high of $548.47. The firm's 50 day simple moving average is $444.49 and its 200-day simple moving average is $462.86.

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, beating the consensus estimate 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 company had revenue of $412.12 million during the quarter, compared to the consensus estimate of $418.32 million. As a group, analysts expect that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be paid a dividend of $0.17 per share. This is a positive change from Kinsale Capital Group's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.15%. Kinsale Capital Group's payout ratio is presently 3.82%.

Insider Activity

In other news, EVP Diane D. Schnupp sold 500 shares of Kinsale Capital Group stock in a transaction on 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 5.60% of the company's stock.

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.