Seneca House Advisors Invests $223,000 in Kinsale Capital Group, Inc. (NYSE:KNSL)

Seneca House Advisors purchased a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 480 shares of the financial services provider’s stock, valued at approximately $223,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Westfield Capital Management Co. LP lifted its holdings in shares of Kinsale Capital Group by 65.3% in the 3rd quarter. Westfield Capital Management Co. LP now owns 149,217 shares of the financial services provider’s stock worth $69,471,000 after buying an additional 58,971 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Kinsale Capital Group by 75.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 133,975 shares of the financial services provider’s stock worth $62,375,000 after acquiring an additional 57,460 shares in the last quarter. International Assets Investment Management LLC increased its position in Kinsale Capital Group by 76,986.9% during the 3rd quarter. International Assets Investment Management LLC now owns 47,023 shares of the financial services provider’s stock valued at $21,892,000 after purchasing an additional 46,962 shares during the period. Erste Asset Management GmbH bought a new stake in shares of Kinsale Capital Group in the 3rd quarter valued at about $18,599,000. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Kinsale Capital Group by 655.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 35,362 shares of the financial services provider’s stock valued at $16,448,000 after purchasing an additional 30,684 shares in the last quarter. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Stock Down 1.3 %

Shares of NYSE:KNSL opened at $433.33 on Friday. The firm’s 50-day moving average is $471.30 and its two-hundred day moving average is $457.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.09 and a quick ratio of 0.09. Kinsale Capital Group, Inc. has a 1 year low of $355.12 and a 1 year high of $548.47. The firm has a market capitalization of $10.09 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 1.61 and a beta of 1.16.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.60 by $0.60. The firm had revenue of $418.06 million during the quarter, compared to analyst estimates 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 period last year, the business posted $3.31 earnings per share. Analysts predict that Kinsale Capital Group, Inc. will post 15.67 EPS for the current year.

Kinsale Capital Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date was Friday, November 29th. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.42%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on KNSL shares. BMO Capital Markets upped their target price on Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a report on Thursday, November 21st. Truist Financial decreased their price objective on Kinsale Capital Group from $500.00 to $480.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Morgan Stanley initiated coverage on Kinsale Capital Group in a research note on Thursday, December 5th. They issued an “overweight” rating and a $593.00 target price on the stock. Royal Bank of Canada decreased their price target on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating for the company in a research report on Monday, October 28th. Finally, Jefferies Financial Group lifted their price objective on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Kinsale Capital Group presently has a consensus rating of “Hold” and an average target price of $468.89.

Insider Buying and Selling at Kinsale Capital Group

In other Kinsale Capital Group news, Director Frederick L. Jr. Russell sold 4,440 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $499.31, for a total transaction of $2,216,936.40. Following the transaction, the director now directly owns 447 shares of the company’s stock, valued at approximately $223,191.57. This trade represents a 90.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James Joseph Ritchie sold 2,295 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $499.79, for a total value of $1,147,018.05. Following the transaction, the director now owns 7,348 shares in the company, valued at $3,672,456.92. The trade was a 23.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,235 shares of company stock worth $3,618,954 over the last three months. Insiders own 5.60% of the company’s stock.

Kinsale Capital Group Company 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.