Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp raised its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 36.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,983 shares of the financial services provider's stock after purchasing an additional 5,839 shares during the quarter. Van ECK Associates Corp owned 0.09% of Kinsale Capital Group worth $10,225,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Ballentine Partners LLC grew its stake in shares of Kinsale Capital Group by 4.6% during the 4th quarter. Ballentine Partners LLC now owns 573 shares of the financial services provider's stock valued at $267,000 after purchasing an additional 25 shares during the period. Caprock Group LLC grew its stake in shares of Kinsale Capital Group by 1.7% during the 4th quarter. Caprock Group LLC now owns 1,653 shares of the financial services provider's stock valued at $769,000 after acquiring an additional 28 shares during the period. CWM LLC grew its stake in shares of 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 acquiring an additional 33 shares during the period. Fifth Third Wealth Advisors LLC grew its stake in shares of Kinsale Capital Group by 5.1% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 763 shares of the financial services provider's stock valued at $355,000 after acquiring an additional 37 shares during the period. Finally, Exchange Traded Concepts LLC grew its stake in shares of Kinsale Capital Group by 2.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,620 shares of the financial services provider's stock valued at $754,000 after acquiring an additional 40 shares during the period. 85.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on KNSL. BMO Capital Markets boosted their price objective on 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. JMP Securities reissued a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Wolfe Research raised Kinsale Capital Group from a "peer perform" rating to an "outperform" rating and set a $535.00 price target on the stock in a report on Monday, October 28th. Morgan Stanley lowered their price target on Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. lowered their price target on Kinsale Capital Group from $415.00 to $412.00 and set a "neutral" rating on the stock in a report on Friday, January 3rd. Eight investment 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, the company has an average rating of "Hold" and an average target price of $468.56.

Insider Transactions at Kinsale Capital Group

In other news, Director James Joseph Ritchie sold 2,295 shares of the firm's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $499.79, for a total value of $1,147,018.05. Following the completion of the transaction, the director now directly owns 7,348 shares in the company, valued at $3,672,456.92. This trade represents a 23.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Diane D. Schnupp sold 500 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president now owns 6,994 shares of the company's stock, valued at approximately $3,566,940. The trade was a 6.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,235 shares of company stock worth $3,618,954 over the last three months. 5.60% of the stock is currently owned by insiders.

Kinsale Capital Group Stock Up 0.4 %

Kinsale Capital Group stock traded up $1.73 during midday trading on Thursday, reaching $442.05. The company's stock had a trading volume of 200,576 shares, compared to its average volume of 224,663. The stock's 50-day simple moving average is $455.49 and its 200-day simple moving average is $465.68. 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, Inc. has a 52-week low of $355.12 and a 52-week high of $548.47. The stock has a market capitalization of $10.29 billion, a P/E ratio of 24.85, a PEG ratio of 1.63 and a beta of 1.15.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $412.12 million during the quarter, compared to analysts' expectations of $418.32 million. On average, sell-side analysts expect that Kinsale Capital Group, Inc. will post 18.06 EPS for the current year.

Kinsale Capital Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.15%. This is a boost from Kinsale Capital Group's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, February 27th. Kinsale Capital Group's dividend payout ratio (DPR) is presently 3.82%.

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.