Shell Asset Management Co. Has $1 Million Stock Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Shell Asset Management Co. lessened its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 4.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,905 shares of the financial services provider’s stock after selling 79 shares during the period. Shell Asset Management Co.’s holdings in Kinsale Capital Group were worth $1,000,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Cim LLC bought a new stake in Kinsale Capital Group during the fourth quarter valued at $1,934,000. Axiom Investors LLC DE increased its stake in shares of Kinsale Capital Group by 116.3% in the 4th quarter. Axiom Investors LLC DE now owns 44,135 shares of the financial services provider’s stock valued at $14,781,000 after acquiring an additional 23,728 shares in the last quarter. Carnegie Capital Asset Management LLC acquired a new position in shares of Kinsale Capital Group during the 4th quarter valued at $8,002,000. Janney Montgomery Scott LLC grew its holdings in Kinsale Capital Group by 113.0% in the first quarter. Janney Montgomery Scott LLC now owns 4,094 shares of the financial services provider’s stock worth $2,148,000 after purchasing an additional 2,172 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Kinsale Capital Group by 129.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 44,232 shares of the financial services provider’s stock valued at $14,814,000 after purchasing an additional 24,992 shares during the period. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Price Performance

Shares of NYSE KNSL opened at $443.79 on Friday. The firm has a market cap of $10.33 billion, a price-to-earnings ratio of 29.49, a price-to-earnings-growth ratio of 1.68 and a beta of 1.06. The stock has a fifty day simple moving average of $386.43 and a two-hundred day simple moving average of $425.55. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.16. Kinsale Capital Group, Inc. has a 1-year low of $325.01 and a 1-year high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $3.75 earnings per share for the quarter, topping the consensus estimate of $3.52 by $0.23. The company had revenue of $384.55 million during the quarter, compared to the consensus estimate of $410.20 million. Kinsale Capital Group had a return on equity of 31.73% and a net margin of 26.08%. The firm’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.88 EPS. Analysts anticipate that Kinsale Capital Group, Inc. will post 14.98 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Friday, May 31st were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.14%. The ex-dividend date was Friday, May 31st. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.99%.

Insider Activity at Kinsale Capital Group

In other news, COO Brian D. Haney sold 3,778 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $367.74, for a total value of $1,389,321.72. Following the completion of the transaction, the chief operating officer now directly 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 available through this hyperlink. 5.60% of the stock is owned by company insiders.

Analyst Ratings Changes

KNSL has been the topic of several recent research reports. BMO Capital Markets dropped 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 research report on Tuesday, April 30th. Compass Point dropped their price objective on Kinsale Capital Group from $490.00 to $390.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. TD Cowen started coverage on shares of Kinsale Capital Group in a research note on Monday, May 20th. They issued a “hold” rating and a $403.00 target price for the company. Truist Financial cut their price target on shares of Kinsale Capital Group from $600.00 to $440.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Kinsale Capital Group from $400.00 to $420.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $434.00.

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.