Kinsale Capital Group, Inc. (NYSE:KNSL) Holdings Raised by Hendershot Investments Inc.

Hendershot Investments Inc. increased its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 3.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,534 shares of the financial services provider’s stock after purchasing an additional 346 shares during the quarter. Hendershot Investments Inc.’s holdings in Kinsale Capital Group were worth $5,370,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KNSL. Thrivent Financial for Lutherans lifted its stake in shares of Kinsale Capital Group by 0.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 729,508 shares of the financial services provider’s stock worth $281,065,000 after acquiring an additional 6,331 shares during the period. State Street Corp raised its holdings in Kinsale Capital Group by 1.3% during the third quarter. State Street Corp now owns 689,386 shares of the financial services provider’s stock worth $320,957,000 after purchasing an additional 8,954 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in Kinsale Capital Group by 14.0% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 426,418 shares of the financial services provider’s stock worth $164,291,000 after purchasing an additional 52,218 shares during the period. Geneva Capital Management LLC boosted its stake in Kinsale Capital Group by 1.3% during the 3rd quarter. Geneva Capital Management LLC now owns 407,831 shares of the financial services provider’s stock valued at $189,874,000 after purchasing an additional 5,207 shares in the last quarter. Finally, Copeland Capital Management LLC increased its position in shares of Kinsale Capital Group by 0.3% during the 3rd quarter. Copeland Capital Management LLC now owns 231,303 shares of the financial services provider’s stock valued at $107,687,000 after purchasing an additional 685 shares during the period. Institutional investors own 85.36% of the company’s stock.

Analyst Ratings Changes

KNSL has been the subject of several research analyst reports. BMO Capital Markets upped their price objective on Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a report on Thursday, November 21st. Wolfe Research upgraded shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price objective for the company in a research report on Monday, October 28th. Truist Financial lowered their price objective on shares of Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Royal Bank of Canada cut their target price on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating for the company in a research note on Monday, October 28th. Finally, Morgan Stanley initiated coverage on shares of Kinsale Capital Group in a research report on Thursday. They issued an “overweight” rating and a $593.00 price target on the stock. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $472.00.

Kinsale Capital Group Stock Up 5.1 %

Shares of NYSE:KNSL opened at $524.24 on Friday. The firm has a 50 day simple moving average of $471.01 and a 200 day simple moving average of $440.77. Kinsale Capital Group, Inc. has a 52 week low of $325.01 and a 52 week high of $548.47. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.09 and a current ratio of 0.09. The company has a market cap of $12.21 billion, a PE ratio of 29.89, a price-to-earnings-growth ratio of 2.14 and a beta of 1.13.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, October 24th. The financial services provider reported $4.20 EPS for the quarter, topping the consensus estimate of $3.60 by $0.60. The business had revenue of $418.06 million during the quarter, compared to analysts’ expectations of $359.43 million. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. Kinsale Capital Group’s revenue was up 33.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.31 earnings per share. As a group, research analysts expect that Kinsale Capital Group, Inc. will post 15.52 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.15 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.11%. Kinsale Capital Group’s dividend payout ratio is 3.42%.

Insider Transactions at Kinsale Capital Group

In other news, Director James Joseph Ritchie sold 2,295 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $499.79, for a total value of $1,147,018.05. Following the transaction, the director now directly owns 7,348 shares of the company’s stock, valued at approximately $3,672,456.92. This represents a 23.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frederick L. Jr. Russell sold 4,440 shares of Kinsale Capital Group stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $499.31, for a total value of $2,216,936.40. Following the sale, the director now directly owns 447 shares of the company’s stock, valued at approximately $223,191.57. The trade was a 90.85 % decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is owned by insiders.

Kinsale Capital Group Profile

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.