Thrivent Financial for Lutherans Purchases 2,467 Shares of Kinsale Capital Group, Inc. $KNSL

Thrivent Financial for Lutherans raised its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 12.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,678 shares of the financial services provider’s stock after purchasing an additional 2,467 shares during the quarter. Thrivent Financial for Lutherans owned 0.09% of Kinsale Capital Group worth $8,483,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of 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 acquiring an additional 25,428 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Kinsale Capital Group by 17.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 22,501 shares of the financial services provider’s stock valued at $9,569,000 after purchasing an additional 3,305 shares during the last quarter. Leibman Financial Services Inc. boosted its stake in shares of Kinsale Capital Group by 109.9% in the 4th quarter. Leibman Financial Services Inc. now owns 9,438 shares of the financial services provider’s stock valued at $3,691,000 after purchasing an additional 4,942 shares during the last quarter. Tudor Investment Corp ET AL boosted its stake in shares of Kinsale Capital Group by 7,444.2% in the 3rd quarter. Tudor Investment Corp ET AL now owns 37,721 shares of the financial services provider’s stock valued at $16,041,000 after purchasing 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 $6,546,000. 85.36% of the stock is currently owned by institutional investors.

Insider Transactions at Kinsale Capital Group

In other Kinsale Capital Group news, CEO Michael P. Kehoe sold 22,576 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $302.66, for a total value of $6,832,852.16. Following the transaction, the chief executive officer directly owned 308,048 shares of the company’s stock, valued at approximately $93,233,807.68. The trade was a 6.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.60% of the company’s stock.

Kinsale Capital Group Price Performance

Shares of KNSL opened at $314.72 on Wednesday. Kinsale Capital Group, Inc. has a 52-week low of $293.78 and a 52-week high of $512.76. 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 business’s 50 day moving average price is $337.77 and its two-hundred day moving average price is $371.25. The firm has a market cap of $7.26 billion, a PE ratio of 13.85, a price-to-earnings-growth ratio of 1.05 and a beta of 0.95.

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, 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 firm had revenue of $466.71 million for the quarter, compared to analyst estimates of $410.25 million. During the same period in the previous year, the firm earned $3.71 earnings per share. The company’s revenue was down .5% compared to the same quarter last year. On average, equities analysts anticipate that Kinsale Capital Group, Inc. will post 20.58 EPS for the current year.

Kinsale Capital Group Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Cantor Fitzgerald lowered their target price on shares of Kinsale Capital Group from $360.00 to $280.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Wall Street Zen raised shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Weiss Ratings downgraded shares of Kinsale Capital Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, April 27th. Morgan Stanley reissued an “equal weight” rating and set a $350.00 target price (down from $450.00) on shares of Kinsale Capital Group in a research note on Monday, April 6th. Finally, 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 for the company in a research note on Monday, April 27th. Two equities research 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’s stock. According to data from MarketBeat, Kinsale Capital Group presently has a consensus rating of “Hold” and an average price target of $392.00.

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.