Arcus Capital Partners LLC Increases Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Arcus Capital Partners LLC grew its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 18.0% in the 4th quarter, HoldingsChannel reports. The firm owned 3,898 shares of the financial services provider’s stock after acquiring an additional 596 shares during the quarter. Kinsale Capital Group accounts for approximately 0.7% of Arcus Capital Partners LLC’s investment portfolio, making the stock its 27th biggest holding. Arcus Capital Partners LLC’s holdings in Kinsale Capital Group were worth $1,813,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Van ECK Associates Corp grew its stake in shares of Kinsale Capital Group by 36.2% during the 4th quarter. Van ECK Associates Corp now owns 21,983 shares of the financial services provider’s stock worth $10,225,000 after acquiring an additional 5,839 shares during the period. Davidson Capital Management Inc. grew its stake in shares of Kinsale Capital Group by 4.4% during the 4th quarter. Davidson Capital Management Inc. now owns 7,519 shares of the financial services provider’s stock worth $3,497,000 after acquiring an additional 318 shares during the period. Gladstone Institutional Advisory LLC bought a new position in shares of Kinsale Capital Group during the 4th quarter worth $553,000. Fortress Financial Solutions LLC bought a new position in shares of Kinsale Capital Group during the 4th quarter worth $360,000. Finally, Shaker Investments LLC OH grew its stake in shares of Kinsale Capital Group by 107.8% during the 4th quarter. Shaker Investments LLC OH now owns 9,775 shares of the financial services provider’s stock worth $4,547,000 after acquiring an additional 5,072 shares during the period. 85.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on KNSL shares. Morgan Stanley started coverage on Kinsale Capital Group in a research note on Thursday, December 5th. They set an “overweight” rating and a $593.00 price target for the company. BMO Capital Markets raised their target price on Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. cut their target price on Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Truist Financial cut their target price on Kinsale Capital Group from $500.00 to $480.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada cut their target price on Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating for the company in a research note on Monday, October 28th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Kinsale Capital Group presently has a consensus rating of “Hold” and an average price target of $468.89.

Kinsale Capital Group Stock Performance

Shares of KNSL opened at $486.34 on Friday. The company has a market cap of $11.33 billion, a PE ratio of 27.73, a price-to-earnings-growth ratio of 1.82 and a beta of 1.15. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average price of $461.29 and a 200-day moving average price of $465.57. Kinsale Capital Group, Inc. has a 12-month low of $355.12 and a 12-month high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.23 by $0.39. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. As a group, equities analysts forecast that Kinsale Capital Group, Inc. will post 15.67 earnings per share for the current fiscal year.

Kinsale Capital Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date of this dividend is Thursday, February 27th. This is an increase from Kinsale Capital Group’s previous quarterly dividend of $0.15. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.42%.

Insider Activity at Kinsale Capital Group

In related news, Director Frederick L. Jr. Russell sold 4,440 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $499.31, for a total transaction of $2,216,936.40. Following the transaction, the director now directly owns 447 shares of the company’s stock, valued at approximately $223,191.57. This trade represents a 90.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James Joseph Ritchie sold 2,295 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $499.79, for a total value of $1,147,018.05. Following the transaction, the director now directly owns 7,348 shares in the company, valued at approximately $3,672,456.92. This represents a 23.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,235 shares of company stock valued at $3,618,954. Corporate insiders own 5.60% of the company’s stock.

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.