Calamos Advisors LLC Sells 2,553 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Calamos Advisors LLC reduced its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 54.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,146 shares of the financial services provider’s stock after selling 2,553 shares during the period. Calamos Advisors LLC’s holdings in Kinsale Capital Group were worth $719,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KNSL. Royal London Asset Management Ltd. lifted its position in Kinsale Capital Group by 4,798.0% during the third quarter. Royal London Asset Management Ltd. now owns 245,684 shares of the financial services provider’s stock valued at $101,692,000 after purchasing an additional 240,668 shares during the period. Morgan Stanley boosted its stake in shares of Kinsale Capital Group by 107.7% in the 4th quarter. Morgan Stanley now owns 450,657 shares of the financial services provider’s stock worth $117,856,000 after buying an additional 233,687 shares during the last quarter. DAVENPORT & Co LLC boosted its stake in shares of Kinsale Capital Group by 154.5% in the 4th quarter. DAVENPORT & Co LLC now owns 326,378 shares of the financial services provider’s stock worth $109,362,000 after buying an additional 198,129 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Kinsale Capital Group by 33,266.0% in the fourth quarter. International Assets Investment Management LLC now owns 178,842 shares of the financial services provider’s stock worth $59,896,000 after acquiring an additional 178,306 shares during the period. Finally, Macquarie Group Ltd. increased its position in Kinsale Capital Group by 33.5% during the second quarter. Macquarie Group Ltd. now owns 446,626 shares of the financial services provider’s stock valued at $102,563,000 after acquiring an additional 112,060 shares during the last quarter. 85.36% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Kinsale Capital Group news, Director Frederick L. Jr. Russell sold 2,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $524.09, for a total transaction of $1,048,180.00. Following the completion of the sale, the director now directly owns 887 shares of the company’s stock, valued at approximately $464,867.83. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Kinsale Capital Group news, Director Frederick L. Jr. Russell sold 2,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $524.09, for a total value of $1,048,180.00. Following the sale, the director now owns 887 shares in the company, valued at approximately $464,867.83. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael P. Kehoe sold 4,000 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $523.73, for a total value of $2,094,920.00. Following the completion of the sale, the chief executive officer now owns 303,972 shares in the company, valued at $159,199,255.56. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by company insiders.

Kinsale Capital Group Trading Down 0.0 %

Kinsale Capital Group stock opened at $451.81 on Monday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.17. Kinsale Capital Group, Inc. has a 12-month low of $297.33 and a 12-month high of $548.47. The firm has a market capitalization of $10.48 billion, a price-to-earnings ratio of 34.20 and a beta of 0.89. The firm has a 50 day moving average of $491.30 and a 200 day moving average of $415.31.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings data on Friday, February 16th. The financial services provider reported $3.87 EPS for the quarter, beating the consensus estimate of $3.44 by $0.43. The firm had revenue of $351.17 million for the quarter, compared to the consensus estimate of $367.98 million. Kinsale Capital Group had a net margin of 25.29% and a return on equity of 31.52%. The company’s revenue was up 41.5% on a year-over-year basis. During the same period last year, the firm earned $2.60 EPS. As a group, research analysts predict that Kinsale Capital Group, Inc. will post 15.26 earnings per share for the current year.

Kinsale Capital Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Tuesday, February 27th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.13%. This is an increase from Kinsale Capital Group’s previous quarterly dividend of $0.14. The ex-dividend date was Monday, February 26th. Kinsale Capital Group’s payout ratio is presently 4.54%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Truist Financial boosted their price target on Kinsale Capital Group from $450.00 to $600.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. Royal Bank of Canada upped their target price on shares of Kinsale Capital Group from $410.00 to $555.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. BMO Capital Markets downgraded shares of Kinsale Capital Group from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $434.00 to $544.00 in a research report on Wednesday, February 28th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Kinsale Capital Group from $375.00 to $420.00 and gave the company a “neutral” rating in a research report on Monday, February 26th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $510.00.

Kinsale Capital Group Profile

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