Cerity Partners LLC Invests $404,000 in Kinsale Capital Group, Inc. (NYSE:KNSL)

Cerity Partners LLC purchased a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 1,206 shares of the financial services provider’s stock, valued at approximately $404,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Royal London Asset Management Ltd. raised its stake in Kinsale Capital Group by 4,798.0% in the 3rd 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 last quarter. DAVENPORT & Co LLC raised its stake in 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 valued at $109,362,000 after purchasing an additional 198,129 shares during the last quarter. International Assets Investment Management LLC raised its stake in Kinsale Capital Group by 33,266.0% in the 4th quarter. International Assets Investment Management LLC now owns 178,842 shares of the financial services provider’s stock valued at $59,896,000 after purchasing an additional 178,306 shares during the last quarter. Invesco Ltd. raised its stake in Kinsale Capital Group by 15.4% in the 3rd quarter. Invesco Ltd. now owns 694,070 shares of the financial services provider’s stock valued at $287,435,000 after purchasing an additional 92,496 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Kinsale Capital Group by 32.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 109,822 shares of the financial services provider’s stock valued at $45,481,000 after purchasing an additional 27,015 shares during the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

Kinsale Capital Group Stock Down 1.2 %

Shares of NYSE:KNSL opened at $453.09 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.12 and a current ratio of 0.12. Kinsale Capital Group, Inc. has a 1 year low of $297.33 and a 1 year high of $548.47. The stock has a market capitalization of $10.51 billion, a P/E ratio of 34.30 and a beta of 0.89. The stock has a 50-day simple moving average of $494.22 and a 200-day simple moving average of $416.33.

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

Kinsale Capital Group Increases Dividend

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

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Truist Financial lifted their price target on Kinsale Capital Group from $450.00 to $600.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Royal Bank of Canada lifted their price target on 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 cut Kinsale Capital Group from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $434.00 to $544.00 in a report on Wednesday, February 28th. Finally, JPMorgan Chase & Co. lifted their price target on Kinsale Capital Group from $375.00 to $420.00 and gave the company a “neutral” rating in a report on Monday, February 26th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $510.00.

Insider Buying and Selling at Kinsale Capital Group

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

Kinsale Capital Group Company 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.