Allianz Asset Management GmbH Sells 186 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Allianz Asset Management GmbH cut its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSLFree Report) by 1.5% during the 4th quarter, HoldingsChannel reports. The firm owned 12,288 shares of the financial services provider’s stock after selling 186 shares during the period. Allianz Asset Management GmbH’s holdings in Kinsale Capital Group were worth $4,115,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Anchor Investment Management LLC purchased a new stake in Kinsale Capital Group in the fourth quarter worth about $25,000. Beacon Capital Management LLC bought a new stake in shares of Kinsale Capital Group in the 4th quarter worth approximately $33,000. Principal Securities Inc. purchased a new stake in shares of Kinsale Capital Group in the 4th quarter worth approximately $44,000. Arlington Trust Co LLC bought a new position in Kinsale Capital Group during the 4th quarter valued at approximately $54,000. Finally, GAMMA Investing LLC purchased a new position in Kinsale Capital Group during the fourth quarter valued at $59,000. 85.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on KNSL shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $425.00 target price (down from $555.00) on shares of Kinsale Capital Group in a research note on Monday, April 29th. Compass Point cut their price objective on shares of Kinsale Capital Group from $490.00 to $390.00 and set a “neutral” rating on the stock in a research report on Monday, April 29th. Truist Financial decreased their target price on shares of Kinsale Capital Group from $600.00 to $440.00 and set a “buy” rating for the company in a report on Monday, April 29th. BMO Capital Markets cut their price target on shares of Kinsale Capital Group from $544.00 to $453.00 and set a “market perform” rating on the stock in a report on Tuesday, April 30th. Finally, JPMorgan Chase & Co. raised their price target on shares of Kinsale Capital Group from $375.00 to $420.00 and gave the company a “neutral” rating in a research report on Monday, February 26th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $434.00.

Get Our Latest Stock Analysis on KNSL

Insider Buying and Selling

In other Kinsale Capital Group news, COO Brian D. Haney sold 3,778 shares of the business’s stock in a transaction dated 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 $35,247,879. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.60% of the stock is owned by insiders.

Kinsale Capital Group Stock Up 1.5 %

KNSL opened at $388.57 on Friday. The stock has a market capitalization of $9.05 billion, a price-to-earnings ratio of 25.82 and a beta of 1.07. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average price of $413.70 and a 200-day moving average price of $415.04. Kinsale Capital Group, Inc. has a twelve month low of $325.01 and a twelve month high of $548.47.

Kinsale Capital Group (NYSE:KNSLGet Free Report) last announced its earnings results on Thursday, April 25th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.33 by $0.17. Kinsale Capital Group had a net margin of 26.33% and a return on equity of 31.21%. The company had revenue of $372.79 million during the quarter, compared to analyst estimates of $366.45 million. During the same period in the previous year, the business posted $2.44 earnings per share. The firm’s quarterly revenue was up 41.7% compared to the same quarter last year. Equities research analysts forecast that Kinsale Capital Group, Inc. will post 14.96 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be paid a $0.15 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.60 annualized dividend and a dividend yield of 0.15%. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.99%.

Kinsale Capital Group Company Profile

(Free Report)

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

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

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