Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC increased its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 40.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,938 shares of the financial services provider’s stock after acquiring an additional 6,900 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Kinsale Capital Group were worth $11,134,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of KNSL. Geode Capital Management LLC increased its stake in shares of Kinsale Capital Group by 5.9% in the 3rd quarter. Geode Capital Management LLC now owns 528,708 shares of the financial services provider’s stock worth $246,810,000 after acquiring an additional 29,686 shares during the last quarter. Avior Wealth Management LLC grew its holdings in shares of Kinsale Capital Group by 7,392.9% in the third quarter. Avior Wealth Management LLC now owns 1,049 shares of the financial services provider’s stock valued at $488,000 after purchasing an additional 1,035 shares during the period. Geneva Capital Management LLC increased its position in Kinsale Capital Group by 1.3% during the third quarter. Geneva Capital Management LLC now owns 407,831 shares of the financial services provider’s stock worth $189,874,000 after purchasing an additional 5,207 shares during the last quarter. Swedbank AB raised its stake in Kinsale Capital Group by 5.0% during the third quarter. Swedbank AB now owns 42,060 shares of the financial services provider’s stock worth $19,582,000 after purchasing an additional 2,010 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Kinsale Capital Group by 2.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 148,475 shares of the financial services provider’s stock valued at $69,126,000 after purchasing an additional 3,469 shares during the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Stock Performance

Shares of Kinsale Capital Group stock opened at $417.31 on Thursday. The stock has a market capitalization of $9.72 billion, a price-to-earnings ratio of 23.46, a price-to-earnings-growth ratio of 1.66 and a beta of 1.16. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09. The business has a 50-day moving average of $448.75 and a 200 day moving average of $464.58. Kinsale Capital Group, Inc. has a 12 month low of $355.12 and a 12 month high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, beating the consensus estimate of $4.23 by $0.39. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. The business had revenue of $412.12 million during the quarter, compared to analyst estimates of $418.32 million. As a group, sell-side analysts forecast that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be paid a $0.17 dividend. This is an increase from Kinsale Capital Group’s previous quarterly dividend of $0.15. The ex-dividend date is Thursday, February 27th. This represents a $0.68 annualized dividend and a dividend yield of 0.16%. Kinsale Capital Group’s payout ratio is 3.82%.

Analyst Ratings Changes

A number of analysts have recently issued reports on KNSL shares. JPMorgan Chase & Co. cut their price target on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. JMP Securities reissued a “market perform” rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. BMO Capital Markets upped their price target 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. Royal Bank of Canada reiterated a “sector perform” rating and set a $500.00 price target on shares of Kinsale Capital Group in a report on Tuesday, February 18th. Finally, Morgan Stanley reduced their price objective on shares of Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Kinsale Capital Group presently has an average rating of “Hold” and a consensus price target of $468.56.

Insider Transactions at Kinsale Capital Group

In other news, Director James Joseph Ritchie sold 2,295 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was 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 of the company’s stock, valued at approximately $3,672,456.92. The trade was a 23.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Diane D. Schnupp sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $510.00, for a total transaction of $255,000.00. Following the completion of the sale, the executive vice president now directly owns 6,994 shares in the company, valued at approximately $3,566,940. This trade represents a 6.67 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company’s stock.

About Kinsale Capital Group

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.