Arlington Trust Co LLC Purchases New Shares in Kinsale Capital Group, Inc. (NYSE:KNSL)

Arlington Trust Co LLC acquired a new stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) during the fourth quarter, Holdings Channel.com reports. The firm acquired 160 shares of the financial services provider’s stock, valued at approximately $54,000.

Other hedge funds have also bought and sold shares of the company. New York State Teachers Retirement System raised its position in shares of Kinsale Capital Group by 0.5% in the 4th quarter. New York State Teachers Retirement System now owns 22,307 shares of the financial services provider’s stock valued at $7,471,000 after purchasing an additional 100 shares during the last quarter. International Assets Investment Management LLC raised its position in Kinsale Capital Group by 33,266.0% during the 4th quarter. International Assets Investment Management LLC now owns 178,842 shares of the financial services provider’s stock worth $59,896,000 after buying an additional 178,306 shares during the last quarter. Private Trust Co. NA purchased a new position in Kinsale Capital Group during the 4th quarter worth approximately $375,000. Arcus Capital Partners LLC raised its position in Kinsale Capital Group by 3.0% during the 4th quarter. Arcus Capital Partners LLC now owns 4,700 shares of the financial services provider’s stock worth $1,574,000 after buying an additional 135 shares during the last quarter. Finally, Trust Point Inc. purchased a new position in Kinsale Capital Group during the 4th quarter worth approximately $685,000. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Price Performance

Kinsale Capital Group stock opened at $448.14 on Monday. The company’s fifty day moving average price is $481.31 and its 200 day moving average price is $412.96. Kinsale Capital Group, Inc. has a 1 year low of $297.33 and a 1 year high of $548.47. The stock has a market capitalization of $10.39 billion, a P/E ratio of 33.92 and a beta of 0.89. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.12 and a current ratio of 0.12.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings results on Friday, February 16th. The financial services provider reported $3.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.44 by $0.43. Kinsale Capital Group had a net margin of 25.29% and a return on equity of 31.52%. The firm had revenue of $351.17 million for the quarter, compared to analysts’ expectations of $367.98 million. During the same quarter last year, the company earned $2.60 EPS. The firm’s revenue for the quarter was up 41.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Kinsale Capital Group, Inc. will post 15.26 earnings per share for the current fiscal year.

Kinsale Capital Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Tuesday, February 27th were paid a $0.15 dividend. The ex-dividend date was Monday, February 26th. This represents a $0.60 dividend on an annualized basis and a yield of 0.13%. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.14. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 4.54%.

Analyst Ratings Changes

A number of equities analysts have issued reports on KNSL shares. Truist Financial raised their price target on shares of Kinsale Capital Group from $450.00 to $600.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. BMO Capital Markets cut shares of Kinsale Capital Group from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $434.00 to $544.00 in a research note on Wednesday, February 28th. Royal Bank of Canada raised their price objective on shares of Kinsale Capital Group from $410.00 to $555.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Kinsale Capital Group from $375.00 to $420.00 and gave the stock a “neutral” rating in a research note on Monday, February 26th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Kinsale Capital Group currently has an average rating of “Hold” and an average price target of $510.00.

Insider Activity at Kinsale Capital Group

In other Kinsale Capital Group news, CEO Michael P. Kehoe sold 4,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $523.73, for a total value of $2,094,920.00. Following the transaction, the chief executive officer now owns 303,972 shares in the company, valued at approximately $159,199,255.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Kinsale Capital Group news, CEO Michael P. Kehoe sold 4,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $523.73, for a total value of $2,094,920.00. Following the transaction, the chief executive officer now owns 303,972 shares in the company, valued at approximately $159,199,255.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frederick L. Jr. Russell sold 2,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $524.09, for a total value of $1,048,180.00. Following the completion of the transaction, the director now owns 887 shares in the company, valued at approximately $464,867.83. The disclosure for this sale can be found here. 6.00% of the stock is owned by corporate insiders.

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.