Brooklands Fund Management Ltd Has $1.39 Million Position in Kinsale Capital Group, Inc. $KNSL

Brooklands Fund Management Ltd reduced its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 50.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,503 shares of the financial services provider’s stock after selling 3,501 shares during the quarter. Kinsale Capital Group comprises 0.2% of Brooklands Fund Management Ltd’s holdings, making the stock its 20th largest position. Brooklands Fund Management Ltd’s holdings in Kinsale Capital Group were worth $1,387,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Isthmus Partners LLC acquired a new stake in Kinsale Capital Group in the fourth quarter worth about $8,110,000. JPMorgan Chase & Co. boosted its holdings in 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 worth $191,386,000 after buying an additional 25,428 shares during the last quarter. Leibman Financial Services Inc. boosted its holdings in 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 worth $3,691,000 after buying an additional 4,942 shares during the last quarter. Tudor Investment Corp ET AL boosted its holdings in 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 worth $16,041,000 after buying an additional 37,221 shares during the last quarter. Finally, Aquatic Capital Management LLC bought a new position in Kinsale Capital Group during the third quarter worth about $6,546,000. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Kinsale Capital Group Trading Up 0.3%

NYSE:KNSL opened at $312.33 on Tuesday. Kinsale Capital Group, Inc. has a fifty-two week low of $287.20 and a fifty-two week high of $512.76. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.10 and a quick ratio of 0.10. The stock has a market capitalization of $7.20 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 1.01 and a beta of 0.91. The business’s 50-day simple moving average is $323.32 and its 200-day simple moving average is $360.08.

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

Kinsale Capital Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Thursday, May 28th were paid a $0.25 dividend. The ex-dividend date was Thursday, May 28th. This represents a $1.00 annualized dividend and a yield of 0.3%. Kinsale Capital Group’s payout ratio is presently 4.40%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on KNSL shares. Wall Street Zen cut Kinsale Capital Group from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. Wells Fargo & Company cut Kinsale Capital Group from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $420.00 to $357.00 in a report on Monday, April 27th. JPMorgan Chase & Co. reduced their target price on Kinsale Capital Group from $450.00 to $410.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd. Truist Financial reduced their target price on Kinsale Capital Group from $450.00 to $405.00 and set a “buy” rating on the stock in a report on Monday, April 27th. Finally, Royal Bank Of Canada cut their price objective on Kinsale Capital Group from $385.00 to $375.00 and set a “sector perform” rating on the stock in a report on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Kinsale Capital Group currently has an average rating of “Hold” and an average target price of $390.18.

Insider Buying and Selling at Kinsale Capital Group

In other Kinsale Capital Group news, insider Salmaan K. Allibhai sold 250 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $311.17, for a total value of $77,792.50. Following the sale, the insider owned 3,645 shares in the company, 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 SEC, which is accessible through this link. Also, CEO Michael P. Kehoe sold 22,576 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $302.66, for a total value of $6,832,852.16. Following the completion of the sale, the chief executive officer owned 308,048 shares in the company, valued at $93,233,807.68. The trade was a 6.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 5.60% of the company’s stock.

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.