Great West Life Assurance Co. Can Makes New Investment in Kinsale Capital Group, Inc. (NYSE:KNSL)

Great West Life Assurance Co. Can acquired a new stake in Kinsale Capital Group, Inc. (NYSE:KNSLGet Rating) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,962 shares of the financial services provider’s stock, valued at approximately $3,314,000. Great West Life Assurance Co. Can owned 0.06% of Kinsale Capital Group at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Money Concepts Capital Corp increased its position in shares of Kinsale Capital Group by 8.5% in the third quarter. Money Concepts Capital Corp now owns 534 shares of the financial services provider’s stock valued at $136,000 after acquiring an additional 42 shares during the period. Northwestern Mutual Investment Management Company LLC increased its position in shares of Kinsale Capital Group by 1.2% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 3,605 shares of the financial services provider’s stock valued at $828,000 after acquiring an additional 43 shares during the period. Arcus Capital Partners LLC increased its position in shares of Kinsale Capital Group by 1.0% during the second quarter. Arcus Capital Partners LLC now owns 4,599 shares of the financial services provider’s stock valued at $1,056,000 after buying an additional 46 shares during the period. Mackenzie Financial Corp increased its position in shares of Kinsale Capital Group by 4.9% during the first quarter. Mackenzie Financial Corp now owns 1,136 shares of the financial services provider’s stock valued at $259,000 after buying an additional 53 shares during the period. Finally, Van ECK Associates Corp increased its position in shares of Kinsale Capital Group by 9.7% during the second quarter. Van ECK Associates Corp now owns 644 shares of the financial services provider’s stock valued at $148,000 after buying an additional 57 shares during the period. Hedge funds and other institutional investors own 85.97% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Kinsale Capital Group in a research report on Monday, December 12th. They set a “hold” rating and a $295.00 price target on the stock. BMO Capital Markets assumed coverage on shares of Kinsale Capital Group in a research report on Thursday, January 19th. They set an “underperform” rating and a $230.00 price target on the stock. Royal Bank of Canada boosted their price target on shares of Kinsale Capital Group from $275.00 to $350.00 and gave the company an “outperform” rating in a research report on Monday, October 31st. Truist Financial boosted their price objective on shares of Kinsale Capital Group from $285.00 to $335.00 in a research note on Monday, October 31st. Finally, Compass Point raised shares of Kinsale Capital Group from a “neutral” rating to a “buy” rating and set a $330.00 price objective on the stock in a research note on Tuesday, December 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Kinsale Capital Group currently has an average rating of “Hold” and an average price target of $308.00.

Insider Transactions at Kinsale Capital Group

In other news, Director James Joseph Ritchie sold 738 shares of the company’s stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $314.35, for a total value of $231,990.30. Following the transaction, the director now owns 11,567 shares in the company, valued at $3,636,086.45. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director James Joseph Ritchie sold 738 shares of the stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $314.35, for a total transaction of $231,990.30. Following the transaction, the director now owns 11,567 shares in the company, valued at $3,636,086.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael P. Kehoe sold 3,500 shares of the stock in a transaction that occurred on Friday, November 4th. The shares were sold at an average price of $317.16, for a total transaction of $1,110,060.00. Following the transaction, the chief executive officer now owns 313,441 shares in the company, valued at approximately $99,410,947.56. The disclosure for this sale can be found here. Insiders own 6.20% of the company’s stock.

Kinsale Capital Group Trading Up 2.9 %

NYSE:KNSL opened at $274.87 on Wednesday. Kinsale Capital Group, Inc. has a one year low of $180.05 and a one year high of $334.99. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.18 and a quick ratio of 0.18. The company’s 50-day simple moving average is $283.21 and its 200 day simple moving average is $276.02. The firm has a market capitalization of $6.30 billion, a P/E ratio of 45.28 and a beta of 0.89.

Kinsale Capital Group (NYSE:KNSLGet Rating) last issued its earnings results on Thursday, October 27th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.22. The firm had revenue of $216.96 million for the quarter, compared to the consensus estimate of $214.02 million. Kinsale Capital Group had a net margin of 18.45% and a return on equity of 24.56%. As a group, analysts forecast that Kinsale Capital Group, Inc. will post 7.35 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 13th. Stockholders of record on Wednesday, November 30th were paid a $0.13 dividend. The ex-dividend date was Tuesday, November 29th. This represents a $0.52 annualized dividend and a dividend yield of 0.19%. Kinsale Capital Group’s dividend payout ratio is presently 8.57%.

Kinsale Capital Group Company Profile

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Kinsale Capital Group, Inc, a specialty insurance company, provides property and casualty insurance products in the United States. The company's commercial lines offerings include construction, small business, excess and general casualty, commercial property, allied health, life sciences, energy, environmental, health care, inland marine, public entity, and commercial insurance, as well as product, professional, and management liability insurance.

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Institutional Ownership by Quarter for Kinsale Capital Group (NYSE:KNSL)

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