Federated Hermes Inc. Sells 25,960 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Federated Hermes Inc. cut its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 42.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 35,782 shares of the financial services provider’s stock after selling 25,960 shares during the quarter. Federated Hermes Inc.’s holdings in Kinsale Capital Group were worth $11,984,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Anchor Investment Management LLC bought a new position in Kinsale Capital Group in the fourth quarter valued at approximately $25,000. Emerald Advisers LLC acquired a new stake in Kinsale Capital Group in the third quarter worth $33,000. Beacon Capital Management LLC acquired a new stake in Kinsale Capital Group in the fourth quarter worth $33,000. Milestone Investment Advisors LLC acquired a new stake in Kinsale Capital Group in the third quarter worth $58,000. Finally, Operose Advisors LLC acquired a new stake in Kinsale Capital Group in the third quarter worth $60,000. 85.36% of the stock is owned by institutional investors.

Insider Buying and Selling at Kinsale Capital Group

In other Kinsale Capital Group news, Director Frederick L. Jr. Russell sold 2,000 shares of Kinsale Capital Group 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 directly owns 887 shares in the company, valued at approximately $464,867.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Kinsale Capital Group news, CEO Michael P. Kehoe sold 4,000 shares of Kinsale Capital Group stock in a transaction on Monday, March 4th. The shares were sold at an average price of $523.73, for a total value of $2,094,920.00. Following the sale, the chief executive officer now directly owns 303,972 shares in the company, valued at approximately $159,199,255.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frederick L. Jr. Russell sold 2,000 shares of Kinsale Capital Group stock in a transaction dated 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 transaction, the director now directly owns 887 shares of the company’s stock, valued at approximately $464,867.83. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

Wall Street Analyst Weigh In

KNSL has been the topic of several analyst reports. JPMorgan Chase & Co. increased their target price on shares of Kinsale Capital Group from $375.00 to $420.00 and gave the stock a “neutral” rating in a report on Monday, February 26th. Royal Bank of Canada increased their target price on shares of Kinsale Capital Group from $410.00 to $555.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. Truist Financial increased their target price on shares of Kinsale Capital Group from $450.00 to $600.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Finally, BMO Capital Markets lowered shares of Kinsale Capital Group from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $434.00 to $544.00 in a report on Wednesday, February 28th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $510.00.

Kinsale Capital Group Trading Up 0.1 %

Shares of NYSE:KNSL opened at $463.80 on Wednesday. Kinsale Capital Group, Inc. has a 12 month low of $297.33 and a 12 month high of $548.47. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.17. The company’s fifty day simple moving average is $493.30 and its 200 day simple moving average is $415.77. The firm has a market cap of $10.76 billion, a price-to-earnings ratio of 35.11 and a beta of 0.89.

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

Kinsale Capital Group Increases Dividend

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

About Kinsale Capital Group

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.