Keybank National Association OH grew its position in shares of Kinsale Capital Group Inc (NASDAQ:KNSL) by 53.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,625 shares of the financial services provider’s stock after purchasing an additional 1,950 shares during the quarter. Keybank National Association OH’s holdings in Kinsale Capital Group were worth $515,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Advisor Group Inc. raised its position in shares of Kinsale Capital Group by 2,241.7% during the 2nd quarter. Advisor Group Inc. now owns 281 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 269 shares in the last quarter. Alpha Omega Wealth Management LLC raised its holdings in Kinsale Capital Group by 147.5% during the first quarter. Alpha Omega Wealth Management LLC now owns 495 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 295 shares in the last quarter. Quadrant Capital Group LLC bought a new stake in Kinsale Capital Group during the first quarter worth about $45,000. SG Americas Securities LLC bought a new stake in Kinsale Capital Group during the first quarter worth about $129,000. Finally, Legal & General Group Plc raised its holdings in Kinsale Capital Group by 10.2% during the fourth quarter. Legal & General Group Plc now owns 3,527 shares of the financial services provider’s stock worth $196,000 after acquiring an additional 327 shares in the last quarter. 80.90% of the stock is owned by hedge funds and other institutional investors.
Several analysts recently issued reports on the company. Royal Bank of Canada upped their target price on Kinsale Capital Group from $70.00 to $84.00 and gave the stock an “outperform” rating in a report on Monday, May 6th. BidaskClub raised Kinsale Capital Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 15th. TheStreet raised Kinsale Capital Group from a “c+” rating to an “a-” rating in a research report on Friday, May 10th. SunTrust Banks boosted their price target on Kinsale Capital Group from $85.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, July 1st. They noted that the move was a valuation call. Finally, ValuEngine downgraded Kinsale Capital Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Four analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $96.00.
Kinsale Capital Group (NASDAQ:KNSL) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.01. Kinsale Capital Group had a net margin of 18.67% and a return on equity of 16.78%. The business had revenue of $72.57 million for the quarter, compared to analysts’ expectations of $69.49 million. On average, sell-side analysts forecast that Kinsale Capital Group Inc will post 2.42 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th will be issued a $0.08 dividend. The ex-dividend date is Wednesday, August 28th. This represents a $0.32 annualized dividend and a dividend yield of 0.34%. Kinsale Capital Group’s dividend payout ratio is currently 17.88%.
In other news, COO Brian D. Haney sold 2,250 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $83.55, for a total value of $187,987.50. Following the sale, the chief operating officer now directly owns 175,432 shares of the company’s stock, valued at approximately $14,657,343.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frederick L. Jr. Russell sold 3,000 shares of the company’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $88.51, for a total transaction of $265,530.00. Following the completion of the sale, the director now directly owns 1,170 shares in the company, valued at $103,556.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,565 shares of company stock valued at $1,212,023. Company insiders own 8.30% of the company’s stock.
About Kinsale Capital Group
Kinsale Capital Group, Inc provides as a casualty and property insurance products in the United States. Its commercial lines offerings include construction, small business, energy, excess and general casualty, life sciences, allied health, health care, commercial property, environmental, public entity, inland marine, and commercial insurance, as well as product, professional, and management liability insurance; and homeowners insurance.
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