Kinsale Capital Group Inc. Has $4.63 Million Stake in Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Kinsale Capital Group Inc. grew its holdings in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 18.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,293 shares of the transportation company's stock after acquiring an additional 3,614 shares during the quarter. Kinsale Capital Group Inc.'s holdings in Old Dominion Freight Line were worth $4,627,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Benjamin Edwards Inc. acquired a new position in shares of Old Dominion Freight Line during the second quarter worth about $25,000. Atwood & Palmer Inc. boosted its position in shares of Old Dominion Freight Line by 3,700.0% during the second quarter. Atwood & Palmer Inc. now owns 152 shares of the transportation company's stock worth $27,000 after buying an additional 148 shares during the period. Crewe Advisors LLC acquired a new position in Old Dominion Freight Line during the first quarter valued at approximately $38,000. Versant Capital Management Inc boosted its position in Old Dominion Freight Line by 1,630.0% during the second quarter. Versant Capital Management Inc now owns 173 shares of the transportation company's stock valued at $31,000 after purchasing an additional 163 shares during the last quarter. Finally, LRI Investments LLC boosted its position in Old Dominion Freight Line by 73.1% during the second quarter. LRI Investments LLC now owns 187 shares of the transportation company's stock valued at $33,000 after purchasing an additional 79 shares during the last quarter. 77.82% of the stock is currently owned by institutional investors.

Old Dominion Freight Line Price Performance

Old Dominion Freight Line stock traded down $7.86 during mid-day trading on Friday, reaching $215.57. 1,683,188 shares of the company were exchanged, compared to its average volume of 1,643,691. The company has a fifty day simple moving average of $201.32 and a 200-day simple moving average of $191.30. Old Dominion Freight Line, Inc. has a 12 month low of $165.49 and a 12 month high of $233.26. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a market cap of $46.02 billion, a PE ratio of 37.69, a PEG ratio of 4.51 and a beta of 0.99.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.01. Old Dominion Freight Line had a return on equity of 29.40% and a net margin of 21.03%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the company earned $1.54 EPS. The company's revenue was down 3.0% on a year-over-year basis. As a group, equities research analysts expect that Old Dominion Freight Line, Inc. will post 5.43 earnings per share for the current fiscal year.

Old Dominion Freight Line Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend is Wednesday, December 4th. Old Dominion Freight Line's dividend payout ratio is presently 18.18%.

Insider Buying and Selling at Old Dominion Freight Line

In other Old Dominion Freight Line news, Chairman David S. Congdon sold 29,975 shares of the firm's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $201.30, for a total value of $6,033,967.50. Following the sale, the chairman now owns 1,401,621 shares of the company's stock, valued at approximately $282,146,307.30. This trade represents a 2.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Greg C. Gantt sold 7,000 shares of the firm's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $200.07, for a total value of $1,400,490.00. Following the completion of the sale, the director now directly owns 97,890 shares in the company, valued at approximately $19,584,852.30. This represents a 6.67 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,975 shares of company stock valued at $10,062,478. 9.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ODFL has been the subject of several recent research reports. Susquehanna reduced their price target on Old Dominion Freight Line from $225.00 to $218.00 and set a "positive" rating for the company in a research report on Thursday, October 24th. Raymond James increased their price target on Old Dominion Freight Line from $190.00 to $209.00 and gave the company an "outperform" rating in a research report on Thursday, July 25th. Stephens reissued an "overweight" rating and set a $214.00 price target on shares of Old Dominion Freight Line in a research report on Thursday, September 5th. Wells Fargo & Company dropped their price objective on Old Dominion Freight Line from $170.00 to $160.00 and set an "underweight" rating on the stock in a research note on Thursday, October 24th. Finally, Stifel Nicolaus lowered Old Dominion Freight Line from a "buy" rating to a "hold" rating and dropped their price objective for the company from $209.00 to $197.00 in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $200.00.

Old Dominion Freight Line Company Profile

Old Dominion Freight Line, Inc operates as a less-than-truckload motor carrier in the United States and North America. The company offers regional, inter-regional, and national less-than-truckload services, as well as expedited transportation. It also provides various value-added services, including container drayage, truckload brokerage, and supply chain consulting.