Great West Life Assurance Co. Can Acquires Shares of 12,962 Kinsale Capital Group, Inc. (NYSE:KNSL)

Great West Life Assurance Co. Can bought a new position in Kinsale Capital Group, Inc. (NYSE:KNSLGet Rating) in the 3rd quarter, Holdings Channel reports. The firm bought 12,962 shares of the financial services provider’s stock, valued at approximately $3,314,000.

Several other institutional investors have also recently made changes to their positions in KNSL. Bank of Montreal Can lifted its holdings in shares of Kinsale Capital Group by 5.1% in the 1st quarter. Bank of Montreal Can now owns 1,663 shares of the financial services provider’s stock worth $386,000 after acquiring an additional 80 shares during the last quarter. Panagora Asset Management Inc. lifted its holdings in shares of Kinsale Capital Group by 119.7% in the 1st quarter. Panagora Asset Management Inc. now owns 3,219 shares of the financial services provider’s stock worth $734,000 after acquiring an additional 1,754 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Kinsale Capital Group by 2.5% in the 1st quarter. Rhumbline Advisers now owns 58,459 shares of the financial services provider’s stock worth $13,330,000 after acquiring an additional 1,422 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Kinsale Capital Group by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,861 shares of the financial services provider’s stock worth $1,792,000 after acquiring an additional 749 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Kinsale Capital Group by 1.0% in the 1st quarter. BlackRock Inc. now owns 2,301,709 shares of the financial services provider’s stock worth $524,835,000 after acquiring an additional 23,604 shares during the last quarter. Institutional investors own 85.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on KNSL. Compass Point raised shares of Kinsale Capital Group from a “neutral” rating to a “buy” rating and set a $330.00 price target on the stock in a research note on Tuesday, December 20th. Royal Bank of Canada raised their price target on shares of Kinsale Capital Group from $275.00 to $350.00 and gave the stock an “outperform” rating in a research note on Monday, October 31st. Truist Financial raised their price target on shares of Kinsale Capital Group from $285.00 to $335.00 in a research note on Monday, October 31st. Jefferies Financial Group began coverage on shares of Kinsale Capital Group in a research note on Monday, December 12th. They issued a “hold” rating and a $295.00 price target on the stock. Finally, StockNews.com began coverage on shares of Kinsale Capital Group in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $308.00.

Kinsale Capital Group Trading Up 2.9 %

NYSE KNSL opened at $274.87 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.18 and a current ratio of 0.18. The company has a market capitalization of $6.30 billion, a price-to-earnings ratio of 45.28 and a beta of 0.89. The company’s 50-day simple moving average is $283.21 and its two-hundred day simple moving average is $276.02. Kinsale Capital Group, Inc. has a one year low of $180.05 and a one year high of $334.99.

Kinsale Capital Group (NYSE:KNSLGet Rating) last posted its earnings results on Thursday, October 27th. The financial services provider reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.22. Kinsale Capital Group had a net margin of 18.45% and a return on equity of 24.56%. The business had revenue of $216.96 million for the quarter, compared to the consensus estimate of $214.02 million. Equities analysts forecast that Kinsale Capital Group, Inc. will post 7.35 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 13th. Stockholders of record on Wednesday, November 30th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date was Tuesday, November 29th. Kinsale Capital Group’s payout ratio is currently 8.57%.

Insider Transactions at Kinsale Capital Group

In other news, CEO Michael P. Kehoe sold 3,500 shares of Kinsale Capital Group stock in a transaction that occurred on Friday, November 4th. The shares were sold at an average price of $317.16, for a total value of $1,110,060.00. Following the transaction, the chief executive officer now owns 313,441 shares of the company’s stock, valued at approximately $99,410,947.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Michael P. Kehoe sold 3,500 shares of Kinsale Capital Group stock in a transaction that occurred on Friday, November 4th. The shares were sold at an average price of $317.16, for a total value of $1,110,060.00. Following the transaction, the chief executive officer now owns 313,441 shares of the company’s stock, valued at approximately $99,410,947.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James Joseph Ritchie sold 738 shares of Kinsale Capital Group stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $314.35, for a total transaction of $231,990.30. Following the completion of the sale, the director now owns 11,567 shares of the company’s stock, valued at $3,636,086.45. The disclosure for this sale can be found here. Insiders own 6.20% of the company’s stock.

Kinsale Capital Group Profile

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Kinsale Capital Group, Inc, a specialty insurance company, provides property and casualty insurance products in the United States. The company's commercial lines offerings include construction, small business, excess and general casualty, commercial property, allied health, life sciences, energy, environmental, health care, inland marine, public entity, and commercial insurance, as well as product, professional, and management liability insurance.

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

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