Victory Capital Management Inc. Has $24.51 Million Stake in Kinsale Capital Group, Inc. (NYSE:KNSL)

Victory Capital Management Inc. lowered its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 39.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 73,191 shares of the financial services provider’s stock after selling 47,565 shares during the period. Victory Capital Management Inc.’s holdings in Kinsale Capital Group were worth $24,512,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Anchor Investment Management LLC acquired a new position in Kinsale Capital Group during the 4th quarter worth about $25,000. Emerald Advisers LLC bought a new stake in shares of Kinsale Capital Group during the third quarter valued at approximately $33,000. Beacon Capital Management LLC acquired a new stake in shares of Kinsale Capital Group in the fourth quarter valued at approximately $33,000. Arlington Trust Co LLC acquired a new position in Kinsale Capital Group during the 4th quarter worth $54,000. Finally, Milestone Investment Advisors LLC acquired a new position in Kinsale Capital Group during the 3rd quarter worth $58,000. Institutional investors own 85.36% of the company’s stock.

Insider Activity at Kinsale Capital Group

In other Kinsale Capital Group news, CEO Michael P. Kehoe sold 4,000 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $523.73, for a total transaction of $2,094,920.00. Following the completion of the transaction, the chief executive officer now owns 303,972 shares in the company, valued at approximately $159,199,255.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Kinsale Capital Group news, COO Brian D. Haney sold 3,778 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $367.74, for a total value of $1,389,321.72. Following the sale, the chief operating officer now owns 95,850 shares in the company, valued at approximately $35,247,879. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael P. Kehoe sold 4,000 shares of the firm’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 transaction 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 $159,199,255.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,778 shares of company stock valued at $4,532,422. 5.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

Kinsale Capital Group Stock Down 2.6 %

Shares of Kinsale Capital Group stock opened at $385.86 on Thursday. 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 has a debt-to-equity ratio of 0.16, a current ratio of 0.12 and a quick ratio of 0.12. The business has a 50-day moving average of $471.28 and a two-hundred day moving average of $412.39. Kinsale Capital Group, Inc. has a 1 year low of $297.33 and a 1 year high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last posted its 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. Kinsale Capital Group had a return on equity of 31.21% and a net margin of 26.33%. The business had revenue of $372.79 million during the quarter, compared to analysts’ expectations of $366.45 million. During the same period in the prior year, the business earned $2.44 EPS. Kinsale Capital Group’s revenue for the quarter was up 41.7% compared to the same quarter last year. As a group, equities analysts predict that Kinsale Capital Group, Inc. will post 15.03 EPS for the current year.

Kinsale Capital Group Increases Dividend

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

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.