Kinsale Capital Group, Inc. $KNSL Shares Bought by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC raised its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 277.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 2,040 shares of the financial services provider’s stock after buying an additional 1,500 shares during the period. Catalyst Capital Advisors LLC’s holdings in Kinsale Capital Group were worth $697,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KNSL. Bayban purchased a new stake in shares of Kinsale Capital Group during the fourth quarter worth $25,000. V Square Quantitative Management LLC acquired a new stake in Kinsale Capital Group in the fourth quarter valued at approximately $25,000. eCIO Inc. purchased a new position in Kinsale Capital Group in the fourth quarter worth approximately $29,000. International Assets Investment Management LLC acquired a new position in Kinsale Capital Group during the 4th quarter worth approximately $29,000. Finally, Johnson Financial Group Inc. increased its position 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 purchasing an additional 54 shares during the last quarter. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on KNSL shares. 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. TD Cowen reissued a “hold” rating on shares of Kinsale Capital Group in a report on Tuesday, June 16th. Wall Street Zen raised shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Wells Fargo & Company upped their price objective on shares of Kinsale Capital Group from $357.00 to $366.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Finally, Cantor Fitzgerald cut their price target on Kinsale Capital Group from $360.00 to $280.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Kinsale Capital Group presently has a consensus rating of “Reduce” and an average target price of $375.80.

Kinsale Capital Group Stock Performance

Shares of KNSL stock opened at $343.49 on Friday. The stock’s 50-day moving average price is $317.62 and its 200 day moving average price is $351.23. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $7.92 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 1.08 and a beta of 0.90. Kinsale Capital Group, Inc. has a 52-week low of $287.20 and a 52-week high of $512.76.

Kinsale Capital Group (NYSE:KNSL) last announced 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 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 period last year, the business posted $3.71 EPS. The company’s revenue was down .5% on a year-over-year basis. As a group, equities research analysts forecast that Kinsale Capital Group, Inc. will post 20.71 EPS for the current year.

Kinsale Capital Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Thursday, May 28th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Thursday, May 28th. Kinsale Capital Group’s dividend payout ratio (DPR) is 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 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 of the company’s stock, valued at approximately $1,134,214.65. The trade was a 6.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Christopher R. Tangard bought 330 shares of the business’s stock in a transaction dated Monday, June 8th. The shares were acquired at an average cost of $304.00 per share, with a total value of $100,320.00. Following the completion of the purchase, the chief accounting officer owned 380 shares in the company, valued at approximately $115,520. This represents a 660.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 5.60% of the stock is owned by insiders.

Kinsale Capital Group 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.