Kinsale Capital Group, Inc. (NASDAQ:KNSL) Position Boosted by Premier Fund Managers Ltd


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Premier Fund Managers Ltd grew its holdings in shares of Kinsale Capital Group, Inc. (NASDAQ:KNSL) by 65.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,148 shares of the financial services provider’s stock after purchasing an additional 13,948 shares during the period. Premier Fund Managers Ltd’s holdings in Kinsale Capital Group were worth $7,134,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of KNSL. Prime Capital Investment Advisors LLC lifted its position in shares of Kinsale Capital Group by 64.6% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 158 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 62 shares in the last quarter. Dorsey Wright & Associates boosted its stake in Kinsale Capital Group by 33.5% during the fourth quarter. Dorsey Wright & Associates now owns 235 shares of the financial services provider’s stock worth $47,000 after buying an additional 59 shares in the last quarter. Valeo Financial Advisors LLC lifted its holdings in shares of Kinsale Capital Group by 62.5% during the third quarter. Valeo Financial Advisors LLC now owns 325 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 125 shares during the period. Harvest Fund Management Co. Ltd bought a new position in shares of Kinsale Capital Group during the third quarter valued at $97,000. Finally, NEXT Financial Group Inc bought a new position in shares of Kinsale Capital Group during the third quarter valued at $135,000. Institutional investors own 82.80% of the company’s stock.

A number of brokerages have issued reports on KNSL. Truist Financial lifted their price objective on Kinsale Capital Group from $220.00 to $245.00 in a report on Thursday, January 14th. Compass Point lifted their price objective on Kinsale Capital Group from $195.00 to $222.00 and gave the company a “neutral” rating in a report on Wednesday, January 6th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $198.00.

Shares of Kinsale Capital Group stock traded down $4.34 during trading on Tuesday, reaching $171.61. The company’s stock had a trading volume of 300 shares, compared to its average volume of 211,193. The stock has a 50-day moving average price of $195.21 and a two-hundred day moving average price of $205.73. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.08. Kinsale Capital Group, Inc. has a one year low of $80.93 and a one year high of $252.70. The stock has a market capitalization of $3.89 billion, a P/E ratio of 58.85 and a beta of 0.82.

Kinsale Capital Group (NASDAQ:KNSL) last announced its quarterly earnings data on Wednesday, February 17th. The financial services provider reported $1.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.35. The firm had revenue of $139.33 million during the quarter, compared to analysts’ expectations of $122.29 million. Kinsale Capital Group had a return on equity of 13.42% and a net margin of 16.47%. As a group, sell-side analysts anticipate that Kinsale Capital Group, Inc. will post 2.79 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 12th. Investors of record on Friday, February 26th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend is Thursday, February 25th. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.09. Kinsale Capital Group’s dividend payout ratio is 14.94%.

In other Kinsale Capital Group news, Director Gregory M. Share sold 2,281 shares of the company’s stock in a transaction on Tuesday, December 8th. The stock was sold at an average price of $240.84, for a total value of $549,356.04. Following the transaction, the director now directly owns 1,688 shares of the company’s stock, valued at approximately $406,537.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Diane D. Schnupp sold 300 shares of the company’s stock in a transaction on Monday, December 14th. The shares were sold at an average price of $240.49, for a total value of $72,147.00. Following the completion of the transaction, the senior vice president now directly owns 3,564 shares in the company, valued at $857,106.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,581 shares of company stock worth $1,572,543. 7.30% of the stock is owned by company insiders.

About Kinsale Capital Group

Kinsale Capital Group, Inc provides 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, homeowners, and commercial insurance, as well as product, professional, and management liability insurance.

Further Reading: Derivative

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Institutional Ownership by Quarter for Kinsale Capital Group (NASDAQ:KNSL)

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