Parkside Financial Bank & Trust Sells 61 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Parkside Financial Bank & Trust lessened its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 10.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 531 shares of the financial services provider’s stock after selling 61 shares during the period. Parkside Financial Bank & Trust’s holdings in Kinsale Capital Group were worth $247,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of KNSL. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Kinsale Capital Group in the 4th quarter worth $25,000. Bank of Jackson Hole Trust acquired a new position in Kinsale Capital Group in the 4th quarter worth $31,000. Allworth Financial LP boosted its stake in Kinsale Capital Group by 450.0% in the 4th quarter. Allworth Financial LP now owns 88 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 72 shares during the period. UMB Bank n.a. boosted its stake in Kinsale Capital Group by 67.2% in the 4th quarter. UMB Bank n.a. now owns 102 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 41 shares during the period. Finally, Mather Group LLC. boosted its stake in Kinsale Capital Group by 43.6% in the 4th quarter. Mather Group LLC. now owns 168 shares of the financial services provider’s stock worth $78,000 after purchasing an additional 51 shares during the period. Institutional investors own 85.36% of the company’s stock.

Analyst Upgrades and Downgrades

KNSL has been the subject of a number of research analyst reports. Truist Financial upped 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 note on Tuesday, February 18th. JMP Securities reissued a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Royal Bank of Canada reissued a “sector perform” rating and set a $500.00 price target on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. BMO Capital Markets boosted their price target on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a research report on Thursday, November 21st. Finally, JPMorgan Chase & Co. cut their price target on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Eight 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.com, the stock has an average rating of “Hold” and an average price target of $468.56.

Kinsale Capital Group Stock Up 1.0 %

Shares of KNSL stock opened at $432.20 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. The firm’s 50-day moving average is $447.29 and its 200-day moving average is $464.06. The stock has a market cap of $10.07 billion, a price-to-earnings ratio of 24.29, a PEG ratio of 1.66 and a beta of 1.15. 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 earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.23 by $0.39. The company had revenue of $412.12 million for the quarter, compared to analysts’ expectations of $418.32 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. Sell-side analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.16%. 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 is presently 3.82%.

Insider Activity

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 500 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $510.00, for a total value of $255,000.00. Following the transaction, the executive vice president now directly owns 6,994 shares of the company’s stock, valued at $3,566,940. This represents a 6.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Joseph Ritchie sold 2,295 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $499.79, for a total transaction of $1,147,018.05. Following the completion of the transaction, the director now directly owns 7,348 shares in the company, valued at approximately $3,672,456.92. This represents a 23.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.60% of the stock is owned by insiders.

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.