Thrivent Financial for Lutherans Purchases 2,467 Shares of Kinsale Capital Group, Inc. $KNSL

Thrivent Financial for Lutherans grew its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 12.8% in the 4th quarter, HoldingsChannel reports. The fund owned 21,678 shares of the financial services provider’s stock after buying an additional 2,467 shares during the period. Thrivent Financial for Lutherans’ holdings in Kinsale Capital Group were worth $8,483,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in shares of Kinsale Capital Group by 6.0% during the third quarter. JPMorgan Chase & Co. now owns 450,044 shares of the financial services provider’s stock valued at $191,386,000 after acquiring an additional 25,428 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Kinsale Capital Group by 17.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 22,501 shares of the financial services provider’s stock valued at $9,569,000 after acquiring an additional 3,305 shares in the last quarter. Leibman Financial Services Inc. increased its holdings in shares of Kinsale Capital Group by 109.9% during the fourth quarter. Leibman Financial Services Inc. now owns 9,438 shares of the financial services provider’s stock valued at $3,691,000 after acquiring an additional 4,942 shares in the last quarter. Tudor Investment Corp ET AL increased its holdings in shares of Kinsale Capital Group by 7,444.2% during the third quarter. Tudor Investment Corp ET AL now owns 37,721 shares of the financial services provider’s stock valued at $16,041,000 after acquiring an additional 37,221 shares in the last quarter. Finally, Aquatic Capital Management LLC bought a new stake in shares of Kinsale Capital Group during the third quarter valued at approximately $6,546,000. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Stock Down 3.1%

KNSL stock opened at $314.72 on Wednesday. The stock’s fifty day simple moving average is $337.77 and its two-hundred day simple moving average is $371.25. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.11. Kinsale Capital Group, Inc. has a 1-year low of $293.78 and a 1-year high of $512.76. The stock has a market cap of $7.26 billion, a P/E ratio of 13.85, a P/E/G ratio of 1.05 and a beta of 0.95.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $4.70 by $0.41. Kinsale Capital Group had a return on equity of 25.82% and a net margin of 27.48%.The business had revenue of $466.71 million for the quarter, compared to analysts’ expectations of $410.25 million. During the same quarter in the previous year, the firm earned $3.71 earnings per share. The business’s revenue was down .5% on a year-over-year basis. Analysts expect that Kinsale Capital Group, Inc. will post 20.58 EPS for the current year.

Kinsale Capital Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 28th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $1.00 annualized dividend and a yield of 0.3%. Kinsale Capital Group’s payout ratio is currently 4.40%.

Insiders Place Their Bets

In other Kinsale Capital Group news, CEO Michael P. Kehoe sold 22,576 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $302.66, for a total value of $6,832,852.16. Following the transaction, the chief executive officer owned 308,048 shares of the company’s stock, valued at approximately $93,233,807.68. The trade was a 6.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Morgan Stanley restated an “equal weight” rating and set a $350.00 price objective (down from $450.00) on shares of Kinsale Capital Group in a report on Monday, April 6th. Wells Fargo & Company downgraded Kinsale Capital Group from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $420.00 to $357.00 in a report on Monday, April 27th. Jefferies Financial Group downgraded Kinsale Capital Group from a “hold” rating to an “underperform” rating and decreased their price objective for the company from $392.00 to $312.00 in a report on Thursday, March 19th. Royal Bank Of Canada decreased their price target on Kinsale Capital Group from $385.00 to $375.00 and set a “sector perform” rating for the company in a report on Monday, April 27th. Finally, JPMorgan Chase & Co. decreased their price target on Kinsale Capital Group from $450.00 to $410.00 and set a “neutral” rating for the company in a report on Monday, February 23rd. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $392.00.

Kinsale Capital Group Company Profile

Kinsale Capital Group, Inc (NYSE:KNSL) is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company’s product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.