Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Purchased by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. raised its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 29.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,971 shares of the financial services provider’s stock after buying an additional 450 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Kinsale Capital Group were worth $917,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. CWM LLC raised its position in shares of Kinsale Capital Group by 8.8% in the third quarter. CWM LLC now owns 406 shares of the financial services provider’s stock valued at $189,000 after buying an additional 33 shares during the last quarter. Blue Trust Inc. raised its holdings in Kinsale Capital Group by 309.1% in the 3rd quarter. Blue Trust Inc. now owns 180 shares of the financial services provider’s stock valued at $84,000 after acquiring an additional 136 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Kinsale Capital Group by 75.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 133,975 shares of the financial services provider’s stock worth $62,375,000 after purchasing an additional 57,460 shares during the period. Copeland Capital Management LLC boosted its holdings in shares of Kinsale Capital Group by 0.3% during the third quarter. Copeland Capital Management LLC now owns 231,303 shares of the financial services provider’s stock worth $107,687,000 after purchasing an additional 685 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in shares of Kinsale Capital Group by 35.8% in the third quarter. Sequoia Financial Advisors LLC now owns 1,751 shares of the financial services provider’s stock valued at $815,000 after purchasing an additional 462 shares during the period. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on KNSL. Truist Financial reduced their target price on Kinsale Capital Group from $500.00 to $480.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Wolfe Research upgraded shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 target price for the company in a report on Monday, October 28th. BMO Capital Markets upped their price target on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a research report on Thursday, November 21st. Morgan Stanley lowered their price objective on shares of Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating for the company in a research note on Friday. 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 on the stock in a research report on Monday, October 28th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Kinsale Capital Group presently has an average rating of “Hold” and an average target price of $460.78.

Kinsale Capital Group Stock Down 7.7 %

Shares of Kinsale Capital Group stock opened at $449.77 on Tuesday. Kinsale Capital Group, Inc. has a twelve month low of $355.12 and a twelve month high of $548.47. The stock has a market cap of $10.48 billion, a price-to-earnings ratio of 25.64, 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 company has a fifty day moving average price of $459.56 and a 200 day moving average price of $465.87.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share for the quarter, topping the consensus estimate of $4.23 by $0.39. The company had revenue of $412.12 million during the quarter, compared to the consensus estimate of $418.32 million. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. Equities research 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.15%. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.15. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 3.42%.

Insider Activity

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 500 shares of Kinsale Capital Group stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $510.00, for a total transaction of $255,000.00. Following the sale, the executive vice president now directly owns 6,994 shares in the company, valued at $3,566,940. The trade was a 6.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frederick L. Jr. Russell sold 4,440 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $499.31, for a total value of $2,216,936.40. Following the completion of the transaction, the director now directly owns 447 shares in the company, valued at approximately $223,191.57. The trade was a 90.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,235 shares of company stock worth $3,618,954. 5.60% of the stock is currently owned by company insiders.

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.