Aviva PLC Has $918,000 Stock Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Aviva PLC cut its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL – Get Rating) by 44.3% during the 4th quarter, Holdings Channel reports. The firm owned 3,509 shares of the financial services provider’s stock after selling 2,787 shares during the quarter. Aviva PLC’s holdings in Kinsale Capital Group were worth $918,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Ceredex Value Advisors LLC acquired a new position in shares of Kinsale Capital Group during the 4th quarter worth about $11,012,000. Ieq Capital LLC boosted its holdings in shares of Kinsale Capital Group by 1.3% during the 4th quarter. Ieq Capital LLC now owns 2,706 shares of the financial services provider’s stock worth $708,000 after buying an additional 35 shares during the period. OLD National Bancorp IN bought a new stake in shares of Kinsale Capital Group during the 4th quarter worth about $236,000. Arizona State Retirement System boosted its holdings in shares of Kinsale Capital Group by 3.8% during the 4th quarter. Arizona State Retirement System now owns 6,139 shares of the financial services provider’s stock worth $1,605,000 after buying an additional 225 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in shares of Kinsale Capital Group by 3.1% during the 3rd quarter. Alliancebernstein L.P. now owns 434,677 shares of the financial services provider’s stock worth $111,025,000 after buying an additional 13,242 shares during the period. 85.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on KNSL. Compass Point downgraded shares of Kinsale Capital Group from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $330.00 to $350.00 in a report on Tuesday, February 21st. Royal Bank of Canada lifted their target price on shares of Kinsale Capital Group from $350.00 to $360.00 and gave the stock an “outperform” rating in a report on Tuesday, February 21st. StockNews.com assumed coverage on shares of Kinsale Capital Group in a report on Thursday. They set a “hold” rating for the company. Truist Financial boosted their price objective on shares of Kinsale Capital Group from $335.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, February 21st. Finally, BMO Capital Markets boosted their price objective on shares of Kinsale Capital Group from $230.00 to $245.00 and gave the company an “underperform” rating in a report on Wednesday, April 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $334.00.

Insider Activity

In other news, Director Anne C. Kronenberg sold 930 shares of the business’s stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $311.40, for a total value of $289,602.00. Following the completion of the transaction, the director now directly owns 9,292 shares in the company, valued at approximately $2,893,528.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Bryan P. Petrucelli sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $322.66, for a total value of $3,226,600.00. Following the completion of the transaction, the chief financial officer now directly owns 59,146 shares in the company, valued at approximately $19,084,048.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Anne C. Kronenberg sold 930 shares of the company’s stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $311.40, for a total transaction of $289,602.00. Following the transaction, the director now owns 9,292 shares of the company’s stock, valued at $2,893,528.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,180 shares of company stock worth $9,421,052. 6.00% of the stock is currently owned by corporate insiders.

Kinsale Capital Group Stock Performance

NYSE KNSL opened at $321.17 on Monday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $7.44 billion, a P/E ratio of 40.65 and a beta of 0.86. Kinsale Capital Group, Inc. has a 12-month low of $199.01 and a 12-month high of $345.75. The firm has a 50-day moving average price of $317.01 and a two-hundred day moving average price of $298.78.

Kinsale Capital Group (NYSE:KNSL – Get Rating) last posted its quarterly earnings data on Friday, April 28th. The financial services provider reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.20. The firm had revenue of $299.03 million during the quarter, compared to the consensus estimate of $252.84 million. Kinsale Capital Group had a net margin of 20.44% and a return on equity of 28.34%. The business’s revenue for the quarter was up 38.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.63 EPS. Analysts anticipate that Kinsale Capital Group, Inc. will post 10.37 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 13th. Stockholders of record on Wednesday, May 31st will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.17%. The ex-dividend date is Tuesday, May 30th. Kinsale Capital Group’s payout ratio is presently 7.09%.

Kinsale Capital Group Profile

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Kinsale Capital Group, Inc is a holding company, which engages in the provision of property and casualty insurance services. It operates the Excess and Surplus Lines Insurance segment. The Excess and Surplus Lines Insurance segment provides commercial excess and surplus lines liability and property insurance products through underwriting divisions.