Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Sold by Navellier & Associates Inc.

Navellier & Associates Inc. lowered its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,011 shares of the financial services provider’s stock after selling 40 shares during the period. Navellier & Associates Inc.’s holdings in Kinsale Capital Group were worth $1,401,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Ballentine Partners LLC grew its stake in shares of Kinsale Capital Group by 4.6% in the 4th quarter. Ballentine Partners LLC now owns 573 shares of the financial services provider’s stock worth $267,000 after purchasing an additional 25 shares during the last quarter. Caprock Group LLC grew its stake in shares of Kinsale Capital Group by 1.7% in the 4th quarter. Caprock Group LLC now owns 1,653 shares of the financial services provider’s stock worth $769,000 after purchasing an additional 28 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Kinsale Capital Group by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 716 shares of the financial services provider’s stock worth $333,000 after purchasing an additional 36 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its stake in shares of Kinsale Capital Group by 5.1% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 763 shares of the financial services provider’s stock worth $355,000 after purchasing an additional 37 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its stake in shares of Kinsale Capital Group by 2.5% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 1,595 shares of the financial services provider’s stock worth $742,000 after purchasing an additional 39 shares during the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

Kinsale Capital Group Stock Performance

KNSL stock opened at $428.74 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a market cap of $9.99 billion, a P/E ratio of 24.10, a P/E/G ratio of 1.66 and a beta of 1.15. The firm has a 50 day simple moving average of $452.64 and a 200 day simple moving average of $465.39. Kinsale Capital Group, Inc. has a 52 week low of $355.12 and a 52 week high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings results on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, topping the consensus estimate of $4.23 by $0.39. The business had revenue of $412.12 million during the quarter, compared to analysts’ expectations of $418.32 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. Research analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be paid a $0.17 dividend. The ex-dividend date is Thursday, February 27th. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 0.16%. Kinsale Capital Group’s payout ratio is 3.37%.

Insider Buying and Selling at Kinsale Capital Group

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 500 shares of Kinsale Capital Group stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $510.00, for a total value of $255,000.00. Following the completion of the sale, the executive vice president now directly owns 6,994 shares in the company, valued at $3,566,940. The trade was a 6.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Joseph Ritchie sold 2,295 shares of Kinsale Capital Group stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $499.79, for a total transaction of $1,147,018.05. Following the completion of the sale, the director now owns 7,348 shares of the company’s stock, valued at $3,672,456.92. This trade represents a 23.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KNSL. Morgan Stanley dropped their target price on shares of Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. JPMorgan Chase & Co. dropped their target price on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $500.00 target price on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. BMO Capital Markets lifted their target price on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a research report on Thursday, November 21st. Finally, Wolfe Research raised shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 target price on the stock in a research report on Monday, October 28th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Kinsale Capital Group has an average rating of “Hold” and a consensus price target of $468.56.

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.