13,671 Shares in Kinsale Capital Group, Inc. (NYSE:KNSL) Purchased by South Dakota Investment Council

South Dakota Investment Council bought a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 13,671 shares of the financial services provider’s stock, valued at approximately $4,579,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. CWM LLC boosted its holdings in Kinsale Capital Group by 9.6% in the 3rd quarter. CWM LLC now owns 286 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 25 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Kinsale Capital Group by 1.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 1,554 shares of the financial services provider’s stock valued at $643,000 after purchasing an additional 29 shares during the period. Pearl River Capital LLC boosted its holdings in Kinsale Capital Group by 5.2% in the 3rd quarter. Pearl River Capital LLC now owns 604 shares of the financial services provider’s stock valued at $250,000 after purchasing an additional 30 shares during the period. Blackhawk Capital Partners LLC. boosted its holdings in Kinsale Capital Group by 1.1% in the 4th quarter. Blackhawk Capital Partners LLC. now owns 2,655 shares of the financial services provider’s stock valued at $889,000 after purchasing an additional 30 shares during the period. Finally, Fifth Third Bancorp raised its position in shares of Kinsale Capital Group by 7.2% in the 3rd quarter. Fifth Third Bancorp now owns 479 shares of the financial services provider’s stock valued at $198,000 after buying an additional 32 shares in the last quarter. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Price Performance

KNSL stock traded down $6.20 during trading on Wednesday, reaching $458.16. 102,732 shares of the company were exchanged, compared to its average volume of 181,771. The company has a 50-day moving average of $493.30 and a two-hundred day moving average of $415.77. The company has a market capitalization of $10.62 billion, a price-to-earnings ratio of 35.11 and a beta of 0.89. Kinsale Capital Group, Inc. has a twelve month low of $297.33 and a twelve month high of $548.47. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.12 and a quick ratio of 0.12.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings data on Friday, February 16th. The financial services provider reported $3.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.44 by $0.43. The business had revenue of $351.17 million during the quarter, compared to analysts’ expectations of $367.98 million. Kinsale Capital Group had a net margin of 25.29% and a return on equity of 31.52%. The firm’s quarterly revenue was up 41.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.60 EPS. As a group, equities analysts predict that Kinsale Capital Group, Inc. will post 15.26 earnings per share for the current fiscal year.

Kinsale Capital Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Tuesday, February 27th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.13%. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.14. The ex-dividend date was Monday, February 26th. Kinsale Capital Group’s dividend payout ratio is currently 4.54%.

Insider Buying and Selling

In other Kinsale Capital Group news, Director Frederick L. Jr. Russell sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $524.09, for a total value of $1,048,180.00. Following the completion of the transaction, the director now directly owns 887 shares in the company, valued at approximately $464,867.83. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Kinsale Capital Group news, Director Frederick L. Jr. Russell sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $524.09, for a total value of $1,048,180.00. Following the completion of the transaction, the director now directly owns 887 shares in the company, valued at approximately $464,867.83. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Michael P. Kehoe sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $523.73, for a total transaction of $2,094,920.00. Following the completion of the transaction, the chief executive officer now owns 303,972 shares of the company’s stock, valued at $159,199,255.56. The disclosure for this sale can be found here. 5.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KNSL. Royal Bank of Canada boosted their target price on shares of Kinsale Capital Group from $410.00 to $555.00 and gave the company an “outperform” rating in a research report on Tuesday, February 20th. JPMorgan Chase & Co. boosted their target price on shares of Kinsale Capital Group from $375.00 to $420.00 and gave the company a “neutral” rating in a research report on Monday, February 26th. Truist Financial boosted their target price on shares of Kinsale Capital Group from $450.00 to $600.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Finally, BMO Capital Markets cut shares of Kinsale Capital Group from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $434.00 to $544.00 in a research report on Wednesday, February 28th. Four equities research 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, Kinsale Capital Group currently has a consensus rating of “Hold” and a consensus target price of $510.00.

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.