Kinsale Capital Group, Inc. (NYSE:KNSL) Stock Holdings Lifted by Maren Capital LLC

Maren Capital LLC increased its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 0.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,231 shares of the financial services provider’s stock after purchasing an additional 643 shares during the period. Kinsale Capital Group accounts for about 5.4% of Maren Capital LLC’s portfolio, making the stock its 9th largest position. Maren Capital LLC’s holdings in Kinsale Capital Group were worth $65,753,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. ORG Wealth Partners LLC acquired a new position in Kinsale Capital Group during the third quarter valued at $26,000. UMB Bank n.a. increased its holdings in Kinsale Capital Group by 408.3% in the 3rd quarter. UMB Bank n.a. now owns 61 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 49 shares in the last quarter. Signaturefd LLC lifted its stake in Kinsale Capital Group by 68.9% in the 3rd quarter. Signaturefd LLC now owns 103 shares of the financial services provider’s stock valued at $48,000 after buying an additional 42 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its stake in Kinsale Capital Group by 225.7% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 114 shares of the financial services provider’s stock worth $53,000 after buying an additional 79 shares in the last quarter. Finally, American National Bank & Trust acquired a new position in shares of Kinsale Capital Group during the third quarter valued at approximately $55,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Truist Financial decreased their price objective on Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating on the stock in a report on Monday, October 28th. BMO Capital Markets increased their price target 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. JPMorgan Chase & Co. lowered their price objective on Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. Royal Bank of Canada lowered their price target on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a research report on Monday, October 28th. Finally, Wolfe Research raised shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price target for the company in a research note on Monday, October 28th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $456.88.

Kinsale Capital Group Stock Up 0.1 %

NYSE:KNSL opened at $499.95 on Wednesday. The stock’s fifty day moving average is $467.78 and its two-hundred day moving average is $438.98. Kinsale Capital Group, Inc. has a 52 week low of $325.01 and a 52 week high of $548.47. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $11.64 billion, a price-to-earnings ratio of 28.50, a price-to-earnings-growth ratio of 2.14 and a beta of 1.13.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.20 earnings per share for the quarter, beating analysts’ consensus estimates of $3.60 by $0.60. The firm had revenue of $418.06 million during the quarter, compared to analysts’ expectations of $359.43 million. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. The business’s quarterly revenue was up 33.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.31 earnings per share. Research analysts anticipate that Kinsale Capital Group, Inc. will post 15.52 EPS for the current year.

Kinsale Capital Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date is Friday, November 29th. Kinsale Capital Group’s dividend payout ratio is presently 3.42%.

Insider Activity

In other news, Director Frederick L. Jr. Russell sold 4,440 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $499.31, for a total value of $2,216,936.40. Following the completion of the transaction, the director now owns 447 shares in the company, valued at approximately $223,191.57. This represents a 90.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company 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.