J2 Capital Management Inc Purchases Shares of 971 Kinsale Capital Group, Inc. (NYSE:KNSL)

J2 Capital Management Inc acquired a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 971 shares of the financial services provider’s stock, valued at approximately $452,000.

Other large investors also recently modified their holdings of the company. Amalgamated Bank increased its stake in shares of Kinsale Capital Group by 1.1% during the second quarter. Amalgamated Bank now owns 12,368 shares of the financial services provider’s stock worth $4,765,000 after purchasing an additional 133 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Kinsale Capital Group by 15.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,507 shares of the financial services provider’s stock worth $966,000 after buying an additional 338 shares in the last quarter. Hsbc Holdings PLC acquired a new position in shares of Kinsale Capital Group in the second quarter valued at about $955,000. Seven Eight Capital LP bought a new position in Kinsale Capital Group during the second quarter worth about $921,000. Finally, Intech Investment Management LLC boosted its holdings in Kinsale Capital Group by 181.2% in the 2nd quarter. Intech Investment Management LLC now owns 9,342 shares of the financial services provider’s stock valued at $3,599,000 after purchasing an additional 6,020 shares during the period. 85.36% of the stock is owned by institutional investors.

Kinsale Capital Group Stock Down 0.3 %

Shares of NYSE:KNSL opened at $436.86 on Friday. The company has a fifty day moving average of $473.52 and a 200-day moving average of $456.72. The company has a market capitalization of $10.17 billion, a PE ratio of 24.91, a price-to-earnings-growth ratio of 1.52 and a beta of 1.16. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.09 and a current ratio of 0.09. Kinsale Capital Group, Inc. has a 52-week low of $355.12 and a 52-week high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.20 earnings per share for the quarter, topping analysts’ consensus estimates of $3.60 by $0.60. The business had revenue of $418.06 million for the quarter, compared to analyst estimates of $359.43 million. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. Kinsale Capital Group’s quarterly revenue was up 33.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.31 EPS. On average, equities analysts predict that Kinsale Capital Group, Inc. will post 15.66 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date of this dividend was Friday, November 29th. Kinsale Capital Group’s payout ratio is 3.42%.

Analyst Upgrades and Downgrades

KNSL has been the topic of several recent research reports. JPMorgan Chase & Co. lowered their target price on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Jefferies Financial Group upped their target price on Kinsale Capital Group from $444.00 to $471.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Royal Bank of Canada reduced their price objective on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a research note on Monday, October 28th. Wolfe Research raised shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 target price on the stock in a report on Monday, October 28th. Finally, Morgan Stanley initiated coverage on shares of Kinsale Capital Group in a report on Thursday, December 5th. They set an “overweight” rating and a $593.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Kinsale Capital Group presently has an average rating of “Hold” and a consensus target price of $468.89.

Insider Buying and Selling at Kinsale Capital Group

In other news, Director Frederick L. Jr. Russell sold 4,440 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $499.31, for a total transaction of $2,216,936.40. Following the completion of the transaction, the director now directly owns 447 shares in the company, valued at $223,191.57. This trade represents a 90.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Joseph Ritchie sold 2,295 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $499.79, for a total value of $1,147,018.05. Following the completion of the sale, the director now owns 7,348 shares in the company, valued at $3,672,456.92. The trade was a 23.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,235 shares of company stock worth $3,618,954. 5.60% of the stock is currently owned by company insiders.

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.