Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Sold by Duality Advisers LP

Duality Advisers LP cut its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 2.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,740 shares of the financial services provider’s stock after selling 120 shares during the period. Duality Advisers LP’s holdings in Kinsale Capital Group were worth $1,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Anchor Investment Management LLC bought a new position in Kinsale Capital Group during the fourth quarter worth $25,000. Emerald Advisers LLC bought a new position in Kinsale Capital Group during the third quarter worth $33,000. Beacon Capital Management LLC bought a new position in Kinsale Capital Group during the fourth quarter worth $33,000. Milestone Investment Advisors LLC bought a new position in Kinsale Capital Group during the third quarter worth $58,000. Finally, Operose Advisors LLC bought a new position in Kinsale Capital Group during the third quarter worth $60,000. 85.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on KNSL. JPMorgan Chase & Co. raised their price objective on Kinsale Capital Group from $375.00 to $420.00 and gave the stock a “neutral” rating in a research note on Monday, February 26th. BMO Capital Markets cut Kinsale Capital Group from an “outperform” rating to a “market perform” rating and raised their target price for the company from $434.00 to $544.00 in a research note on Wednesday, February 28th. Royal Bank of Canada raised their target price on Kinsale Capital Group from $410.00 to $555.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. Finally, Truist Financial raised their target price on Kinsale Capital Group from $450.00 to $600.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Kinsale Capital Group has an average rating of “Hold” and an average target price of $510.00.

Insider Buying and Selling

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

Kinsale Capital Group Price Performance

Shares of KNSL opened at $463.49 on Tuesday. The firm has a market capitalization of $10.75 billion, a price-to-earnings ratio of 35.09 and a beta of 0.89. 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 one year low of $297.33 and a one year high of $548.47. The stock’s fifty day moving average is $492.26 and its 200-day moving average is $415.54.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings results on Friday, February 16th. The financial services provider reported $3.87 EPS for the quarter, beating analysts’ consensus estimates of $3.44 by $0.43. The company had revenue of $351.17 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 41.5% compared to the same quarter last year. During the same period last year, the company earned $2.60 earnings per share. Equities analysts anticipate that Kinsale Capital Group, Inc. will post 15.26 EPS for the current year.

Kinsale Capital Group Increases Dividend

The company also recently announced 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 is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date was Monday, February 26th. Kinsale Capital Group’s payout ratio is presently 4.54%.

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.