Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Sold by American International Group Inc.

American International Group Inc. lowered its holdings in Kinsale Capital Group, Inc. (NYSE:KNSLFree Report) by 4.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,925 shares of the financial services provider’s stock after selling 1,270 shares during the period. American International Group Inc. owned about 0.13% of Kinsale Capital Group worth $10,022,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Anchor Investment Management LLC acquired a new position in shares of Kinsale Capital Group in the 4th quarter worth approximately $25,000. Brown Brothers Harriman & Co. acquired a new position in shares of Kinsale Capital Group in the 4th quarter worth approximately $33,000. Beacon Capital Management LLC acquired a new position in shares of Kinsale Capital Group in the 4th quarter worth approximately $33,000. Principal Securities Inc. acquired a new position in shares of Kinsale Capital Group in the 4th quarter worth approximately $44,000. Finally, Operose Advisors LLC acquired a new position in shares of Kinsale Capital Group in the third quarter worth about $60,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

Kinsale Capital Group Stock Performance

KNSL stock opened at $387.87 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.12 and a current ratio of 0.12. The stock has a market cap of $9.03 billion, a P/E ratio of 25.77 and a beta of 1.07. The firm has a 50 day simple moving average of $410.97 and a 200 day simple moving average of $415.26. Kinsale Capital Group, Inc. has a 52 week low of $325.01 and a 52 week high of $548.47.

Kinsale Capital Group (NYSE:KNSLGet Free Report) last posted 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 business had revenue of $372.79 million during 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 firm’s quarterly revenue was up 41.7% compared to the same quarter last year. During the same period last year, the company posted $2.44 earnings per share. Research analysts anticipate that Kinsale Capital Group, Inc. will post 14.96 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have commented on KNSL. 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. JPMorgan Chase & Co. raised their target price on shares of Kinsale Capital Group from $375.00 to $420.00 and gave the stock a “neutral” rating in a report on Monday, February 26th. BMO Capital Markets decreased their target price on shares of Kinsale Capital Group from $544.00 to $453.00 and set a “market perform” rating for the company in a report on Tuesday, April 30th. Compass Point decreased their target price on shares of Kinsale Capital Group from $490.00 to $390.00 and set a “neutral” rating for the company in a report on Monday, April 29th. Finally, TD Cowen started coverage on shares of Kinsale Capital Group in a report on Monday, May 20th. They issued a “hold” rating and a $403.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $434.00.

Read Our Latest Stock Report on KNSL

Insider Buying and Selling at Kinsale Capital Group

In other Kinsale Capital Group news, COO Brian D. Haney sold 3,778 shares of Kinsale Capital Group stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $367.74, for a total value of $1,389,321.72. Following the completion of the sale, the chief operating officer now directly owns 95,850 shares in the company, valued at $35,247,879. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 5.60% of the company’s stock.

Kinsale Capital Group 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.

See Also

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

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