Ensign Peak Advisors Inc Has $1.89 Million Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Ensign Peak Advisors Inc lowered its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL – Get Rating) by 7.5% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 7,400 shares of the financial services provider’s stock after selling 600 shares during the period. Ensign Peak Advisors Inc’s holdings in Kinsale Capital Group were worth $1,890,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in KNSL. Arizona State Retirement System increased its stake in Kinsale Capital Group by 0.6% in the third quarter. Arizona State Retirement System now owns 5,914 shares of the financial services provider’s stock valued at $1,511,000 after acquiring an additional 34 shares during the period. Money Concepts Capital Corp grew its stake in Kinsale Capital Group by 8.5% during the third quarter. Money Concepts Capital Corp now owns 534 shares of the financial services provider’s stock worth $136,000 after buying an additional 42 shares during the last quarter. Profund Advisors LLC grew its stake in Kinsale Capital Group by 3.9% during the third quarter. Profund Advisors LLC now owns 1,223 shares of the financial services provider’s stock worth $312,000 after buying an additional 46 shares during the last quarter. Mackenzie Financial Corp grew its stake in Kinsale Capital Group by 4.9% during the first quarter. Mackenzie Financial Corp now owns 1,136 shares of the financial services provider’s stock worth $259,000 after buying an additional 53 shares during the last quarter. Finally, Xponance Inc. grew its stake in Kinsale Capital Group by 1.7% during the third quarter. Xponance Inc. now owns 3,505 shares of the financial services provider’s stock worth $895,000 after buying an additional 59 shares during the last quarter. Institutional investors and hedge funds own 85.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on KNSL shares. Compass Point cut shares of Kinsale Capital Group from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $330.00 to $350.00 in a research note on Tuesday, February 21st. Truist Financial upped their price objective on shares of Kinsale Capital Group from $335.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, February 21st. Jefferies Financial Group initiated coverage on shares of Kinsale Capital Group in a research note on Monday, December 12th. They set a “hold” rating and a $295.00 price target on the stock. Royal Bank of Canada increased their price target on shares of Kinsale Capital Group from $350.00 to $360.00 and gave the company an “outperform” rating in a research note on Tuesday, February 21st. Finally, BMO Capital Markets initiated coverage on shares of Kinsale Capital Group in a research note on Thursday, January 19th. They set an “underperform” rating and a $230.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $327.00.

Insider Activity at Kinsale Capital Group

In other Kinsale Capital Group news, CEO Michael P. Kehoe sold 3,500 shares of the stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $317.30, for a total value of $1,110,550.00. Following the sale, the chief executive officer now directly owns 311,189 shares in the company, valued at $98,740,269.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Kinsale Capital Group news, CFO Bryan P. Petrucelli sold 10,000 shares of the stock in a transaction on Wednesday, February 22nd. The shares were sold at an average price of $322.66, for a total value of $3,226,600.00. Following the sale, the chief financial officer now directly owns 59,146 shares in the company, valued at $19,084,048.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael P. Kehoe sold 3,500 shares of the stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $317.30, for a total transaction of $1,110,550.00. Following the completion of the sale, the chief executive officer now owns 311,189 shares in the company, valued at $98,740,269.70. The disclosure for this sale can be found here. Insiders have sold 19,250 shares of company stock worth $6,165,190 over the last ninety days. Company insiders own 6.20% of the company’s stock.

Kinsale Capital Group Trading Down 1.8 %

Shares of NYSE KNSL opened at $307.69 on Friday. The company’s 50 day simple moving average is $292.08 and its 200 day simple moving average is $285.05. Kinsale Capital Group, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $337.11. The firm has a market capitalization of $7.11 billion, a P/E ratio of 44.72 and a beta of 0.87. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.18 and a quick ratio of 0.18.

Kinsale Capital Group (NYSE:KNSL – Get Rating) last announced its quarterly earnings data on Friday, February 17th. The financial services provider reported $2.60 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.44. Kinsale Capital Group had a net margin of 19.42% and a return on equity of 27.08%. The business had revenue of $242.96 million for the quarter, compared to analyst estimates of $236.01 million. During the same period in the prior year, the business posted $1.76 earnings per share. On average, analysts predict that Kinsale Capital Group, Inc. will post 9.86 EPS for the current year.

Kinsale Capital Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 13th. Investors of record on Tuesday, February 28th will be issued a $0.14 dividend. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a yield of 0.18%. The ex-dividend date of this dividend is Monday, February 27th. Kinsale Capital Group’s dividend payout ratio is currently 8.14%.

Kinsale Capital Group Profile

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Kinsale Capital Group, Inc is a holding company, which engages in the provision of property and casualty insurance services. It operates the Excess and Surplus Lines Insurance segment. The Excess and Surplus Lines Insurance segment provides commercial excess and surplus lines liability and property insurance products through underwriting divisions.