Aurora Investment Counsel Takes Position in Kinsale Capital Group, Inc. $KNSL

Aurora Investment Counsel purchased a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL) in the first quarter, Holdings Channel reports. The firm purchased 7,288 shares of the financial services provider’s stock, valued at approximately $2,490,000. Kinsale Capital Group accounts for 1.4% of Aurora Investment Counsel’s holdings, making the stock its 17th largest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in Kinsale Capital Group during the 4th quarter worth $25,000. Bayban bought a new position in Kinsale Capital Group in the fourth quarter worth about $25,000. eCIO Inc. purchased a new stake in shares of Kinsale Capital Group during the fourth quarter valued at about $29,000. International Assets Investment Management LLC bought a new stake in shares of Kinsale Capital Group in the 4th quarter valued at about $29,000. Finally, Johnson Financial Group Inc. boosted its holdings in shares of Kinsale Capital Group by 257.1% in the 3rd quarter. Johnson Financial Group Inc. now owns 75 shares of the financial services provider’s stock valued at $32,000 after buying an additional 54 shares in the last quarter. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Price Performance

Shares of Kinsale Capital Group stock opened at $343.49 on Friday. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.11. Kinsale Capital Group, Inc. has a twelve month low of $287.20 and a twelve month high of $512.76. The business has a 50-day moving average price of $317.62 and a 200 day moving average price of $351.23. The firm has a market cap of $7.92 billion, a PE ratio of 15.12, a P/E/G ratio of 1.08 and a beta of 0.90.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $5.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $466.71 million for the quarter, compared to the consensus estimate of $410.25 million. During the same quarter in the prior year, the business posted $3.71 earnings per share. Kinsale Capital Group’s revenue for the quarter was down .5% on a year-over-year basis. Sell-side analysts predict that Kinsale Capital Group, Inc. will post 20.71 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

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

Insider Transactions at Kinsale Capital Group

In other Kinsale Capital Group news, CAO Christopher R. Tangard bought 330 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were purchased at an average price of $304.00 per share, for a total transaction of $100,320.00. Following the transaction, the chief accounting officer directly owned 380 shares of the company’s stock, valued at approximately $115,520. This represents a 660.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 directly owned 3,645 shares in the company, valued at $1,134,214.65. This represents a 6.42% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 5.60% of the company’s stock.

Analysts Set New Price Targets

KNSL has been the subject of a number of analyst reports. Weiss Ratings cut shares of Kinsale Capital Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, June 26th. Wall Street Zen raised Kinsale Capital Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. TD Cowen reiterated a “hold” rating on shares of Kinsale Capital Group in a report on Tuesday, June 16th. Wells Fargo & Company raised their price objective on Kinsale Capital Group from $357.00 to $366.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Finally, Truist Financial dropped their target price on Kinsale Capital Group from $450.00 to $405.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $375.80.

About Kinsale Capital Group

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.