Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 2.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 11,686 shares of the financial services provider’s stock after selling 271 shares during the period. Mutual of America Capital Management LLC owned approximately 0.05% of Kinsale Capital Group worth $5,436,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Kinsale Capital Group during the 4th quarter valued at about $25,000. Bank of Jackson Hole Trust acquired a new stake in shares of Kinsale Capital Group during the 4th quarter valued at about $31,000. Allworth Financial LP grew its position in shares of Kinsale Capital Group by 450.0% during the 4th quarter. Allworth Financial LP now owns 88 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 72 shares during the period. UMB Bank n.a. grew its position in shares of Kinsale Capital Group by 67.2% during the 4th quarter. UMB Bank n.a. now owns 102 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 41 shares during the period. Finally, Mather Group LLC. grew its position in shares of Kinsale Capital Group by 43.6% during the 4th quarter. Mather Group LLC. now owns 168 shares of the financial services provider’s stock valued at $78,000 after acquiring an additional 51 shares during the period. 85.36% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, 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 value of $1,147,018.05. Following the completion of the sale, the director now owns 7,348 shares in the company, valued at approximately $3,672,456.92. This trade represents a 23.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $255,000.00. Following the completion of the sale, the executive vice president now owns 6,994 shares of the company’s stock, valued at $3,566,940. This trade represents a 6.67 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company’s stock.

Kinsale Capital Group Stock Down 0.1 %

KNSL stock opened at $431.21 on Tuesday. The firm has a market cap of $10.04 billion, a PE ratio of 24.24, a PEG ratio of 1.66 and a beta of 1.15. 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 firm’s 50 day moving average price is $446.62 and its 200-day moving average price is $463.59. Kinsale Capital Group, Inc. has a one year low of $355.12 and a one year high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, beating the consensus estimate of $4.23 by $0.39. The firm had revenue of $412.12 million for the quarter, compared to analyst estimates of $418.32 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. On average, equities research analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.16%. The ex-dividend date of this dividend is Thursday, February 27th. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.15. Kinsale Capital Group’s payout ratio is presently 3.82%.

Wall Street Analysts Forecast Growth

KNSL has been the topic of a number of analyst reports. JMP Securities restated a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. JPMorgan Chase & Co. decreased their price target on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Truist Financial raised their price target on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $500.00 price target on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. Finally, BMO Capital Markets raised their price target on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a research note on Thursday, November 21st. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $468.56.

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.