Kinsale Capital Group, Inc. $KNSL Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. decreased its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 20.0% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 26,990 shares of the financial services provider’s stock after selling 6,765 shares during the period. Bessemer Group Inc. owned 0.12% of Kinsale Capital Group worth $9,220,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of KNSL. AQR Capital Management LLC grew its stake in Kinsale Capital Group by 76.2% in the 1st quarter. AQR Capital Management LLC now owns 835 shares of the financial services provider’s stock worth $397,000 after acquiring an additional 361 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Kinsale Capital Group by 72.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 102 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 43 shares during the period. Brown Advisory Inc. boosted its holdings in shares of Kinsale Capital Group by 7.9% during the second quarter. Brown Advisory Inc. now owns 1,117 shares of the financial services provider’s stock worth $541,000 after purchasing an additional 82 shares during the last quarter. Jump Financial LLC boosted its holdings in shares of Kinsale Capital Group by 136.9% during the second quarter. Jump Financial LLC now owns 1,097 shares of the financial services provider’s stock worth $531,000 after purchasing an additional 634 shares during the last quarter. Finally, Cerity Partners LLC grew its position in shares of Kinsale Capital Group by 45.3% in the second quarter. Cerity Partners LLC now owns 5,021 shares of the financial services provider’s stock valued at $2,430,000 after purchasing an additional 1,566 shares during the period. Institutional investors and hedge funds own 85.36% of the company’s stock.

Kinsale Capital Group Trading Down 0.1%

KNSL stock opened at $343.49 on Monday. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.11. The company has a market cap of $7.92 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 1.11 and a beta of 0.90. The business has a fifty day simple moving average of $317.62 and a 200-day simple moving average of $350.92. Kinsale Capital Group, Inc. has a 52 week low of $287.20 and a 52 week high of $512.76.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, April 23rd. The financial services provider reported $5.11 earnings per share for the quarter, beating analysts’ consensus estimates of $4.70 by $0.41. Kinsale Capital Group had a return on equity of 25.82% and a net margin of 27.48%.The firm had revenue of $466.71 million for the quarter, compared to analysts’ expectations of $410.25 million. During the same quarter last year, the firm earned $3.71 earnings per share. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities research analysts expect that Kinsale Capital Group, Inc. will post 20.71 EPS for the current year.

Kinsale Capital Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Thursday, May 28th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Thursday, May 28th. Kinsale Capital Group’s dividend payout ratio (DPR) is 4.40%.

Insider Activity

In other Kinsale Capital Group news, CAO Christopher R. Tangard bought 330 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was purchased at an average price of $304.00 per share, with a total value of $100,320.00. Following the transaction, the chief accounting officer owned 380 shares in the company, valued at $115,520. This trade represents a 660.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Michael P. Kehoe sold 22,576 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $302.66, for a total transaction of $6,832,852.16. Following the completion of the transaction, the chief executive officer owned 308,048 shares in the company, valued at $93,233,807.68. The trade was a 6.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on KNSL shares. Morgan Stanley dropped their target price on Kinsale Capital Group from $350.00 to $330.00 and set an “equal weight” rating for the company in a research note on Thursday, May 21st. Cantor Fitzgerald lowered their price target on Kinsale Capital Group from $360.00 to $280.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Weiss Ratings downgraded shares of Kinsale Capital Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, June 26th. Wells Fargo & Company increased their price objective on shares of Kinsale Capital Group from $357.00 to $366.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Finally, Wall Street Zen upgraded shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Kinsale Capital Group currently has a consensus rating of “Reduce” and an average price target of $375.80.

About Kinsale Capital Group

Kinsale Capital Group, Inc (NYSE:KNSL) is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company’s product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.