Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Bought by Congress Asset Management Co. MA

Congress Asset Management Co. MA grew its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 25.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,433 shares of the financial services provider’s stock after acquiring an additional 2,331 shares during the quarter. Congress Asset Management Co. MA’s holdings in Kinsale Capital Group were worth $3,829,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Anchor Investment Management LLC purchased a new position in shares of Kinsale Capital Group in the fourth quarter valued at approximately $25,000. Brown Brothers Harriman & Co. purchased a new position in Kinsale Capital Group during the fourth quarter worth approximately $33,000. Beacon Capital Management LLC purchased a new position in Kinsale Capital Group during the fourth quarter worth approximately $33,000. Quarry LP purchased a new position in Kinsale Capital Group during the fourth quarter worth approximately $40,000. Finally, Principal Securities Inc. purchased a new position in Kinsale Capital Group during the fourth quarter worth approximately $44,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Insider Activity

In related news, COO Brian D. Haney sold 3,778 shares of the business’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $367.74, for a total transaction of $1,389,321.72. Following the completion of the transaction, the chief operating officer now directly owns 95,850 shares of the company’s stock, valued at approximately $35,247,879. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

KNSL has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on Kinsale Capital Group from $375.00 to $420.00 and gave the stock a “neutral” rating in a research report on Monday, February 26th. TD Cowen initiated coverage on Kinsale Capital Group in a research report on Monday, May 20th. They set a “hold” rating and a $403.00 price objective on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $425.00 price objective (down previously from $555.00) on shares of Kinsale Capital Group in a research report on Monday, April 29th. BMO Capital Markets reduced their target price on Kinsale Capital Group from $544.00 to $453.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 30th. Finally, Truist Financial reduced their target price on Kinsale Capital Group from $600.00 to $440.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $434.00.

Kinsale Capital Group Trading Up 2.3 %

Shares of NYSE KNSL opened at $390.53 on Tuesday. Kinsale Capital Group, Inc. has a twelve month low of $325.01 and a twelve month high of $548.47. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $401.51 and a 200-day simple moving average of $417.12. The stock has a market capitalization of $9.09 billion, a PE ratio of 25.95 and a beta of 1.07.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.50 earnings per share for the quarter, beating analysts’ consensus estimates of $3.33 by $0.17. Kinsale Capital Group had a return on equity of 31.21% and a net margin of 26.33%. The business had revenue of $372.79 million during the quarter, compared to analysts’ expectations of $366.45 million. During the same period in the previous year, the firm posted $2.44 earnings per share. The company’s revenue was up 41.7% on a year-over-year basis. On average, equities analysts forecast that Kinsale Capital Group, Inc. will post 14.94 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Friday, May 31st were paid a $0.15 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.15%. Kinsale Capital Group’s payout ratio is presently 3.99%.

Kinsale Capital Group Company 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.