South Dakota Investment Council Takes Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

South Dakota Investment Council acquired a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 13,671 shares of the financial services provider’s stock, valued at approximately $4,579,000. South Dakota Investment Council owned about 0.06% of Kinsale Capital Group at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of KNSL. Anchor Investment Management LLC acquired a new stake in shares of Kinsale Capital Group in the 4th quarter valued at $25,000. Emerald Advisers LLC acquired a new stake in shares of Kinsale Capital Group in the 3rd quarter valued at $33,000. Beacon Capital Management LLC acquired a new stake in shares of Kinsale Capital Group in the 4th quarter valued at $33,000. Arlington Trust Co LLC acquired a new stake in shares of Kinsale Capital Group in the 4th quarter valued at $54,000. Finally, Milestone Investment Advisors LLC acquired a new stake in shares of Kinsale Capital Group in the 3rd quarter valued at $58,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KNSL. Truist Financial lifted their price objective on shares of Kinsale Capital Group from $450.00 to $600.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. Royal Bank of Canada boosted their target price on shares of Kinsale Capital Group from $410.00 to $555.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 20th. JPMorgan Chase & Co. boosted their target price on shares of Kinsale Capital Group from $375.00 to $420.00 and gave the stock a “neutral” rating in a research report on Monday, February 26th. Finally, BMO Capital Markets lowered shares of Kinsale Capital Group from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $434.00 to $544.00 in a research report on Wednesday, February 28th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $510.00.

Insider Transactions at Kinsale Capital Group

In other news, Director Frederick L. Jr. Russell sold 2,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $524.09, for a total transaction of $1,048,180.00. Following the transaction, the director now owns 887 shares in the company, valued at approximately $464,867.83. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Michael P. Kehoe sold 4,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $523.73, for a total value of $2,094,920.00. Following the sale, the chief executive officer now owns 303,972 shares of the company’s stock, valued at $159,199,255.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Frederick L. Jr. Russell sold 2,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $524.09, for a total transaction of $1,048,180.00. Following the completion of the sale, the director now directly owns 887 shares in the company, valued at approximately $464,867.83. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

Kinsale Capital Group Stock Performance

Kinsale Capital Group stock traded down $6.20 on Wednesday, reaching $458.16. 102,732 shares of the stock were exchanged, compared to its average volume of 181,771. The firm has a fifty day moving average price of $493.30 and a two-hundred day moving average price of $415.77. Kinsale Capital Group, Inc. has a twelve month low of $297.33 and a twelve month high of $548.47. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.17. The stock has a market cap of $10.62 billion, a PE ratio of 35.11 and a beta of 0.89.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings data on Friday, February 16th. The financial services provider reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.44 by $0.43. Kinsale Capital Group had a net margin of 25.29% and a return on equity of 31.52%. The company had revenue of $351.17 million for the quarter, compared to the consensus estimate of $367.98 million. During the same quarter in the previous year, the firm posted $2.60 EPS. The business’s revenue was up 41.5% compared to the same quarter last year. Sell-side analysts anticipate that Kinsale Capital Group, Inc. will post 15.26 EPS for the current year.

Kinsale Capital Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Tuesday, February 27th were issued a dividend of $0.15 per share. This is an increase from Kinsale Capital Group’s previous quarterly dividend of $0.14. The ex-dividend date was Monday, February 26th. This represents a $0.60 annualized dividend and a dividend yield of 0.13%. Kinsale Capital Group’s payout ratio is presently 4.54%.

Kinsale Capital Group Company Profile

Kinsale Capital Group, Inc, a specialty insurance company, engages in the provision of property and casualty insurance products in the United States. The company's commercial lines offerings include commercial property, small business casualty and property, excess and general casualty, construction, allied health, life sciences, entertainment, energy, environmental, excess professional, health care, public entity, commercial auto, inland marine, aviation, ocean marine, product recall, and railroad, as well as product, professional, and management liability insurance.