Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Acquired by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division raised its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 8.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,119 shares of the financial services provider’s stock after purchasing an additional 88 shares during the period. Central Pacific Bank Trust Division’s holdings in Kinsale Capital Group were worth $520,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of KNSL. ORG Wealth Partners LLC acquired a new position in shares of Kinsale Capital Group during the third quarter worth approximately $26,000. UMB Bank n.a. boosted its position in Kinsale Capital Group by 408.3% during the 3rd quarter. UMB Bank n.a. now owns 61 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 49 shares during the period. Signaturefd LLC grew its stake in shares of Kinsale Capital Group by 68.9% in the third quarter. Signaturefd LLC now owns 103 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 42 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in shares of Kinsale Capital Group by 225.7% during the third quarter. Massmutual Trust Co. FSB ADV now owns 114 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 79 shares during the period. Finally, American National Bank & Trust bought a new stake in shares of Kinsale Capital Group during the third quarter valued at about $55,000. Institutional investors own 85.36% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Diane D. Schnupp sold 500 shares of the company’s 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James Joseph Ritchie sold 2,295 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $499.79, for a total transaction of $1,147,018.05. Following the completion of the sale, the director now owns 7,348 shares in the company, valued at approximately $3,672,456.92. The trade was a 23.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,235 shares of company stock valued at $3,618,954 in the last quarter. Insiders own 5.60% of the company’s stock.

Kinsale Capital Group Trading Down 5.7 %

NYSE:KNSL opened at $428.32 on Friday. The stock has a fifty day simple moving average of $475.60 and a 200 day simple moving average of $453.66. The firm has a market capitalization of $9.97 billion, a price-to-earnings ratio of 24.42, a price-to-earnings-growth ratio of 2.16 and a beta of 1.13. Kinsale Capital Group, Inc. has a 1-year low of $351.30 and a 1-year high of $548.47. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.20 EPS for the quarter, topping the consensus estimate of $3.60 by $0.60. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. The business had revenue of $418.06 million during the quarter, compared to analysts’ expectations of $359.43 million. During the same period last year, the company posted $3.31 earnings per share. The firm’s quarterly revenue was up 33.0% compared to the same quarter last year. Sell-side analysts forecast that Kinsale Capital Group, Inc. will post 15.61 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.14%. Kinsale Capital Group’s payout ratio is presently 3.42%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Morgan Stanley assumed coverage on shares of Kinsale Capital Group in a research report on Thursday, December 5th. They issued an “overweight” rating and a $593.00 target price for the company. BMO Capital Markets increased their price objective on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a report on Thursday, November 21st. Truist Financial dropped their target price on Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating on the stock in a report on Monday, October 28th. JPMorgan Chase & Co. decreased their price target on Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Wolfe Research raised Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price objective on the stock in a research note on Monday, October 28th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $471.11.

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.