Kinsale Capital Group, Inc. $KNSL Stock Position Lessened by Madison Asset Management LLC

Madison Asset Management LLC trimmed its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 12.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 137,362 shares of the financial services provider’s stock after selling 18,762 shares during the quarter. Madison Asset Management LLC’s holdings in Kinsale Capital Group were worth $53,725,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. World Investment Advisors raised its position in shares of Kinsale Capital Group by 47.9% during the 4th quarter. World Investment Advisors now owns 1,028 shares of the financial services provider’s stock worth $402,000 after buying an additional 333 shares in the last quarter. Advisor OS LLC increased its stake in shares of Kinsale Capital Group by 9.6% during the fourth quarter. Advisor OS LLC now owns 1,558 shares of the financial services provider’s stock valued at $609,000 after acquiring an additional 136 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Kinsale Capital Group during the fourth quarter valued at approximately $29,000. Diversify Wealth Management LLC raised its holdings in Kinsale Capital Group by 5.4% during the fourth quarter. Diversify Wealth Management LLC now owns 1,962 shares of the financial services provider’s stock worth $747,000 after purchasing an additional 100 shares in the last quarter. Finally, MGO One Seven LLC raised its holdings in Kinsale Capital Group by 6.0% during the fourth quarter. MGO One Seven LLC now owns 1,602 shares of the financial services provider’s stock worth $627,000 after purchasing an additional 91 shares in the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on KNSL shares. Wall Street Zen raised Kinsale Capital Group from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Jefferies Financial Group lowered Kinsale Capital Group from a “hold” rating to an “underperform” rating and cut their price objective for the company from $392.00 to $312.00 in a report on Thursday, March 19th. Wells Fargo & Company cut Kinsale Capital Group from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $420.00 to $357.00 in a research note on Monday, April 27th. Truist Financial lowered their target price on Kinsale Capital Group from $450.00 to $405.00 and set a “buy” rating on the stock in a report on Monday, April 27th. Finally, Royal Bank Of Canada cut their price target on shares of Kinsale Capital Group from $385.00 to $375.00 and set a “sector perform” rating for the company in a report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $392.00.

Insider Buying and Selling

In other Kinsale Capital Group news, CEO Michael P. Kehoe sold 22,576 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $302.66, for a total transaction of $6,832,852.16. Following the completion of the sale, the chief executive officer directly owned 308,048 shares of the company’s stock, valued at approximately $93,233,807.68. This represents a 6.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 5.60% of the company’s stock.

Kinsale Capital Group Stock Performance

KNSL opened at $303.23 on Wednesday. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.11. The firm has a market cap of $6.99 billion, a PE ratio of 13.35, a P/E/G ratio of 0.97 and a beta of 0.95. The business has a fifty day simple moving average of $345.12 and a 200-day simple moving average of $375.28. Kinsale Capital Group, Inc. has a fifty-two week low of $293.78 and a fifty-two week high of $512.76.

Kinsale Capital Group (NYSE:KNSL) last announced its earnings results on Thursday, April 23rd. The financial services provider reported $5.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.70 by $0.41. Kinsale Capital Group had a return on equity of 25.82% and a net margin of 27.48%.The company had revenue of $466.71 million for the quarter, compared to analyst estimates of $410.25 million. During the same period in the previous year, the firm earned $3.71 earnings per share. Kinsale Capital Group’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, equities analysts predict that Kinsale Capital Group, Inc. will post 20.58 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 28th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.3%. The ex-dividend date is Thursday, May 28th. Kinsale Capital Group’s payout ratio is presently 4.40%.

Kinsale Capital Group Company Profile

Kinsale Capital Group, Inc (NYSE:KNSL) is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company’s product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.