Cumberland Partners Ltd Purchases Shares of 1,000 Kinsale Capital Group, Inc. (NYSE:KNSL)

Cumberland Partners Ltd purchased a new stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,000 shares of the financial services provider’s stock, valued at approximately $335,000.

Several other institutional investors have also added to or reduced their stakes in KNSL. Anchor Investment Management LLC bought a new stake in shares of Kinsale Capital Group in the 4th quarter valued at approximately $25,000. Emerald Advisers LLC bought a new stake in shares of Kinsale Capital Group in the 3rd quarter valued at approximately $33,000. Beacon Capital Management LLC bought a new stake in Kinsale Capital Group during the 4th quarter valued at $33,000. Milestone Investment Advisors LLC bought a new stake in Kinsale Capital Group during the 3rd quarter valued at $58,000. Finally, Operose Advisors LLC bought a new stake in Kinsale Capital Group during the 3rd quarter valued at $60,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Insider Buying and Selling

In other Kinsale Capital Group 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 stock was sold at an average price of $524.09, for a total transaction of $1,048,180.00. Following the completion of the sale, the director now directly 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 through this link. In other Kinsale Capital Group 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 stock was sold at an average price of $524.09, for a total transaction of $1,048,180.00. Following the completion of the sale, the director now directly 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 through this link. Also, CEO Michael P. Kehoe sold 4,000 shares of the business’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 value of $2,094,920.00. Following the sale, the chief executive officer now owns 303,972 shares of the company’s stock, valued at $159,199,255.56. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.

Kinsale Capital Group Stock Performance

Shares of KNSL stock traded down $4.65 on Wednesday, hitting $459.71. The company had a trading volume of 106,008 shares, compared to its average volume of 181,771. The firm has a market cap of $10.66 billion, a P/E ratio of 35.11 and a beta of 0.89. The company has a 50-day moving average price of $493.30 and a 200-day moving average price of $415.77. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.17. Kinsale Capital Group, Inc. has a twelve month low of $297.33 and a twelve month high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings results on Friday, February 16th. The financial services provider reported $3.87 earnings per share for the quarter, topping analysts’ consensus estimates of $3.44 by $0.43. The company had revenue of $351.17 million during the quarter, compared to analysts’ expectations of $367.98 million. Kinsale Capital Group had a return on equity of 31.52% and a net margin of 25.29%. Kinsale Capital Group’s quarterly revenue was up 41.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.60 EPS. As a group, equities research analysts predict that Kinsale Capital Group, Inc. will post 15.26 earnings per share for the current fiscal year.

Kinsale Capital Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Tuesday, February 27th were issued a $0.15 dividend. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Monday, February 26th. This represents a $0.60 dividend on an annualized basis and a yield of 0.13%. Kinsale Capital Group’s dividend payout ratio is presently 4.54%.

Analysts Set New Price Targets

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

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.