Park Avenue Securities LLC Boosts Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Park Avenue Securities LLC boosted its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 19.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,670 shares of the financial services provider’s stock after purchasing an additional 429 shares during the quarter. Park Avenue Securities LLC’s holdings in Kinsale Capital Group were worth $1,242,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Amalgamated Bank lifted its holdings in shares of Kinsale Capital Group by 1.1% during the second quarter. Amalgamated Bank now owns 12,368 shares of the financial services provider’s stock valued at $4,765,000 after purchasing an additional 133 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Kinsale Capital Group by 15.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,507 shares of the financial services provider’s stock worth $966,000 after buying an additional 338 shares during the last quarter. Hsbc Holdings PLC bought a new position in Kinsale Capital Group during the 2nd quarter valued at about $955,000. Intech Investment Management LLC boosted its holdings in shares of Kinsale Capital Group by 181.2% during the 2nd quarter. Intech Investment Management LLC now owns 9,342 shares of the financial services provider’s stock valued at $3,599,000 after acquiring an additional 6,020 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its stake in shares of Kinsale Capital Group by 17.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 495 shares of the financial services provider’s stock worth $191,000 after acquiring an additional 74 shares during the period. 85.36% of the stock is currently owned by institutional investors.

Kinsale Capital Group Stock Down 0.3 %

KNSL stock opened at $436.86 on Monday. The business’s 50-day moving average price is $473.52 and its 200-day moving average price is $457.24. The stock has a market cap of $10.17 billion, a P/E ratio of 24.91, a PEG ratio of 1.52 and a beta of 1.16. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13. Kinsale Capital Group, Inc. has a twelve month low of $355.12 and a twelve month high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share for the quarter, beating the consensus estimate of $3.60 by $0.60. The business had revenue of $418.06 million for the quarter, compared to the consensus estimate of $359.43 million. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. The company’s revenue for the quarter was up 33.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.31 earnings per share. On average, equities research analysts forecast that Kinsale Capital Group, Inc. will post 15.66 EPS for the current year.

Kinsale Capital Group Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group raised their target price on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Royal Bank of Canada lowered their price target on Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a report on Monday, October 28th. BMO Capital Markets lifted their price objective 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. JPMorgan Chase & Co. lowered their target price on Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Finally, Morgan Stanley assumed coverage on Kinsale Capital Group in a research note on Thursday, December 5th. They set an “overweight” rating and a $593.00 price target for the company. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Kinsale Capital Group presently has a consensus rating of “Hold” and an average target price of $468.89.

Insider Activity

In other Kinsale Capital Group news, Director Frederick L. Jr. Russell sold 4,440 shares of the business’s 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 owns 447 shares in the company, valued at $223,191.57. The trade was a 90.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Joseph Ritchie sold 2,295 shares of the stock in a transaction dated 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 transaction, the director now directly owns 7,348 shares of the company’s stock, valued at $3,672,456.92. This trade represents 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 ninety days. Corporate insiders own 5.60% of the company’s stock.

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.