Cwm LLC Sells 76 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Cwm LLC lessened its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 26.6% in the 4th quarter, Holdings Channel reports. The firm owned 210 shares of the financial services provider’s stock after selling 76 shares during the period. Cwm LLC’s holdings in Kinsale Capital Group were worth $70,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC grew its holdings in Kinsale Capital Group by 1.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 1,554 shares of the financial services provider’s stock valued at $643,000 after buying an additional 29 shares in the last quarter. Pearl River Capital LLC raised its stake in Kinsale Capital Group by 5.2% during the third quarter. Pearl River Capital LLC now owns 604 shares of the financial services provider’s stock valued at $250,000 after purchasing an additional 30 shares in the last quarter. Blackhawk Capital Partners LLC. lifted its position in Kinsale Capital Group by 1.1% during the fourth quarter. Blackhawk Capital Partners LLC. now owns 2,655 shares of the financial services provider’s stock valued at $889,000 after purchasing an additional 30 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Kinsale Capital Group by 7.2% in the 3rd quarter. Fifth Third Bancorp now owns 479 shares of the financial services provider’s stock worth $198,000 after buying an additional 32 shares in the last quarter. Finally, Harbor Investment Advisory LLC increased its holdings in shares of Kinsale Capital Group by 17.9% in the 4th quarter. Harbor Investment Advisory LLC now owns 231 shares of the financial services provider’s stock worth $77,000 after buying an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Insider Transactions at Kinsale Capital Group

In related news, COO Brian D. Haney sold 3,778 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $367.74, for a total value of $1,389,321.72. Following the completion of the transaction, the chief operating officer now owns 95,850 shares of the company’s stock, valued at $35,247,879. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Frederick L. Jr. Russell sold 2,000 shares of the business’s 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 transaction, the director now owns 887 shares in the company, valued at approximately $464,867.83. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Brian D. Haney sold 3,778 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $367.74, for a total transaction of $1,389,321.72. Following the completion of the sale, the chief operating officer now owns 95,850 shares of the company’s stock, valued at $35,247,879. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,778 shares of company stock valued at $4,532,422. Company insiders own 5.60% of the company’s stock.

Kinsale Capital Group Price Performance

Shares of KNSL stock opened at $385.86 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.12 and a quick ratio of 0.12. The company has a market capitalization of $8.98 billion, a P/E ratio of 25.64 and a beta of 0.98. The company’s 50-day simple moving average is $471.28 and its two-hundred day simple moving average is $412.39. Kinsale Capital Group, Inc. has a one year low of $297.33 and a one year high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.33 by $0.17. The business had revenue of $372.79 million for the quarter, compared to the consensus estimate of $366.45 million. Kinsale Capital Group had a return on equity of 31.21% and a net margin of 26.33%. The business’s revenue was up 41.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.44 EPS. As a group, equities analysts anticipate that Kinsale Capital Group, Inc. will post 15.03 EPS for the current year.

Kinsale Capital Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Tuesday, February 27th were given a dividend of $0.15 per share. This is an increase from Kinsale Capital Group’s previous quarterly dividend of $0.14. The ex-dividend date was Monday, February 26th. This represents a $0.60 dividend on an annualized basis and a yield of 0.16%. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.99%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on KNSL. JPMorgan Chase & Co. lifted their price target on Kinsale Capital Group from $375.00 to $420.00 and gave the stock a “neutral” rating in a research report on Monday, February 26th. Truist Financial decreased their price target on Kinsale Capital Group from $600.00 to $440.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Royal Bank of Canada reiterated a “sector perform” rating and set a $425.00 price objective (down previously from $555.00) on shares of Kinsale Capital Group in a research report on Monday, April 29th. Compass Point lowered their target price on shares of Kinsale Capital Group from $490.00 to $390.00 and set a “neutral” rating for the company in a report on Monday, April 29th. Finally, BMO Capital Markets dropped their price target on shares of Kinsale Capital Group from $544.00 to $453.00 and set a “market perform” rating for the company in a research note on Tuesday, April 30th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Kinsale Capital Group presently has a consensus rating of “Hold” and a consensus price target of $438.43.

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.