Royal London Asset Management Ltd. Has $83.66 Million Stock Holdings in Kinsale Capital Group, Inc. $KNSL

Royal London Asset Management Ltd. trimmed its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 2.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 213,899 shares of the financial services provider’s stock after selling 6,066 shares during the period. Royal London Asset Management Ltd.’s holdings in Kinsale Capital Group were worth $83,660,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of KNSL. V Square Quantitative Management LLC acquired a new position in Kinsale Capital Group during the fourth quarter worth $25,000. eCIO Inc. acquired a new position in Kinsale Capital Group during the fourth quarter worth $29,000. International Assets Investment Management LLC acquired a new position in Kinsale Capital Group during the fourth quarter worth $29,000. Johnson Financial Group Inc. increased its position in Kinsale Capital Group by 257.1% during the third quarter. Johnson Financial Group Inc. now owns 75 shares of the financial services provider’s stock worth $32,000 after buying an additional 54 shares during the last quarter. Finally, Larson Financial Group LLC increased its position in Kinsale Capital Group by 225.0% during the third quarter. Larson Financial Group LLC now owns 78 shares of the financial services provider’s stock worth $33,000 after buying an additional 54 shares during the last quarter. 85.36% of the stock is owned by institutional investors and hedge funds.

Kinsale Capital Group Stock Up 0.2%

NYSE KNSL opened at $311.29 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.10 and a current ratio of 0.10. The firm has a 50-day simple moving average of $323.98 and a 200 day simple moving average of $360.73. Kinsale Capital Group, Inc. has a twelve month low of $287.20 and a twelve month high of $512.76. The stock has a market cap of $7.18 billion, a PE ratio of 13.70, a PEG ratio of 1.01 and a beta of 0.91.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results on Thursday, April 23rd. The financial services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $4.70 by $0.41. Kinsale Capital Group had a net margin of 27.48% and a return on equity of 25.82%. The business had revenue of $466.71 million during the quarter, compared to analysts’ expectations of $410.25 million. During the same quarter last year, the company earned $3.71 earnings per share. The firm’s revenue was down .5% on a year-over-year basis. On average, research analysts forecast that Kinsale Capital Group, Inc. will post 20.54 EPS for the current year.

Kinsale Capital Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Thursday, May 28th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.3%. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 4.40%.

Insider Activity at Kinsale Capital Group

In other Kinsale Capital Group news, insider Salmaan K. Allibhai sold 250 shares of Kinsale Capital Group stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $311.17, for a total transaction of $77,792.50. Following the completion of the sale, the insider owned 3,645 shares of the company’s stock, valued at approximately $1,134,214.65. The trade was a 6.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael P. Kehoe sold 22,576 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $302.66, for a total transaction of $6,832,852.16. Following the completion of the transaction, the chief executive officer directly owned 308,048 shares of the company’s stock, valued at $93,233,807.68. This trade represents a 6.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Royal Bank Of Canada lowered their target price on shares of Kinsale Capital Group from $385.00 to $375.00 and set a “sector perform” rating on the stock in a research report on Monday, April 27th. Morgan Stanley lowered their target price on shares of Kinsale Capital Group from $350.00 to $330.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 21st. Weiss Ratings downgraded shares of Kinsale Capital Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, April 27th. Wall Street Zen downgraded shares of Kinsale Capital Group from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. Finally, Truist Financial lowered their target price on shares of Kinsale Capital Group from $450.00 to $405.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $390.18.

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.