Diversified Trust Co raised its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL – Free Report) by 15.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,107 shares of the financial services provider’s stock after purchasing an additional 408 shares during the period. Diversified Trust Co’s holdings in Kinsale Capital Group were worth $1,630,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in KNSL. Anchor Investment Management LLC acquired a new position in shares of Kinsale Capital Group during the 4th quarter worth about $25,000. Beacon Capital Management LLC bought a new stake in Kinsale Capital Group in the fourth quarter valued at approximately $33,000. Brown Brothers Harriman & Co. bought a new stake in Kinsale Capital Group in the fourth quarter valued at approximately $33,000. Quarry LP acquired a new stake in Kinsale Capital Group in the fourth quarter worth $40,000. Finally, Principal Securities Inc. bought a new position in shares of Kinsale Capital Group during the fourth quarter worth $44,000. 85.36% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other Kinsale Capital Group news, COO Brian D. Haney sold 3,778 shares of the firm’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 sale, the chief operating officer now owns 95,850 shares of the company’s stock, valued at approximately $35,247,879. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.60% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on KNSL
Kinsale Capital Group Stock Up 0.9 %
Shares of KNSL traded up $3.63 during mid-day trading on Monday, hitting $388.91. 41,908 shares of the company’s stock were exchanged, compared to its average volume of 187,471. The company has a 50-day simple moving average of $390.44 and a 200 day simple moving average of $420.39. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.12 and a quick ratio of 0.12. The company has a market cap of $9.05 billion, a PE ratio of 25.60 and a beta of 1.07. Kinsale Capital Group, Inc. has a 52 week low of $325.01 and a 52 week high of $548.47.
Kinsale Capital Group (NYSE:KNSL – Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The financial services provider reported $3.50 EPS for the quarter, topping the consensus estimate of $3.33 by $0.17. The firm had revenue of $372.79 million for the quarter, compared to analysts’ expectations of $366.45 million. Kinsale Capital Group had a net margin of 26.33% and a return on equity of 31.21%. The company’s revenue for the quarter was up 41.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.44 EPS. On average, research analysts forecast that Kinsale Capital Group, Inc. will post 14.94 earnings per share for the current fiscal year.
Kinsale Capital Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Friday, May 31st were issued a dividend of $0.15 per share. The ex-dividend date was Friday, May 31st. This represents a $0.60 dividend on an annualized basis and a yield of 0.15%. Kinsale Capital Group’s payout ratio is 3.99%.
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.
Further Reading
- Five stocks we like better than Kinsale Capital Group
- Basic Materials Stocks Investing
- These Top 3 Banks Raise Dividends After Passing Fed Stress Test
- 3 Stocks to Consider Buying in October
- Hitch a Ride with Lyft Stock for Double-Digit Gains in 2nd Half
- Transportation Stocks Investing
- Eli Lilly Stock Up: GLP-1 Zepbound Targets Sleep Apnea Market
Receive News & Ratings for Kinsale Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinsale Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.