Sepio Capital LP Purchases New Shares in Kinsale Capital Group, Inc. (NYSE:KNSL)

Sepio Capital LP acquired a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 800 shares of the financial services provider’s stock, valued at approximately $268,000.

A number of other hedge funds have also recently bought and sold shares of the company. Anchor Investment Management LLC bought a new position in shares of Kinsale Capital Group during the fourth quarter valued at about $25,000. Beacon Capital Management LLC purchased a new position in shares of Kinsale Capital Group in the 4th quarter worth approximately $33,000. Principal Securities Inc. purchased a new position in shares of Kinsale Capital Group in the 4th quarter worth approximately $44,000. Milestone Investment Advisors LLC bought a new position in shares of Kinsale Capital Group in the third quarter valued at approximately $58,000. Finally, Operose Advisors LLC purchased a new stake in shares of Kinsale Capital Group during the third quarter valued at approximately $60,000. 85.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on KNSL shares. Truist Financial reduced their price objective on Kinsale Capital Group from $600.00 to $440.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Compass Point dropped their price objective on shares of Kinsale Capital Group from $490.00 to $390.00 and set a “neutral” rating on the stock in a report on Monday, April 29th. JPMorgan Chase & Co. raised their price objective on shares of Kinsale Capital Group from $375.00 to $420.00 and gave the stock a “neutral” rating in a report on Monday, February 26th. TD Cowen initiated coverage on shares of Kinsale Capital Group in a research note on Monday, May 20th. They issued a “hold” rating and a $403.00 price objective for the company. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $425.00 target price (down previously from $555.00) on shares of Kinsale Capital Group in a research report on Monday, April 29th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Kinsale Capital Group has an average rating of “Hold” and a consensus target price of $434.00.

Kinsale Capital Group Price Performance

Shares of Kinsale Capital Group stock traded up $4.75 during trading on Friday, hitting $391.99. The stock had a trading volume of 143,755 shares, compared to its average volume of 269,288. The firm has a market cap of $9.13 billion, a price-to-earnings ratio of 26.05 and a beta of 0.98. Kinsale Capital Group, Inc. has a 12 month low of $297.33 and a 12 month high of $548.47. The business’s 50-day moving average is $438.68 and its 200 day moving average is $413.78. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.16.

Kinsale Capital Group (NYSE:KNSL) last announced its earnings results on Thursday, April 25th. The financial services provider reported $3.50 earnings per share for the quarter, topping analysts’ consensus estimates of $3.33 by $0.17. Kinsale Capital Group had a return on equity of 31.21% and a net margin of 26.33%. The business had revenue of $372.79 million for the quarter, compared to analyst estimates of $366.45 million. During the same period in the prior year, the company earned $2.44 EPS. The company’s quarterly revenue was up 41.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kinsale Capital Group, Inc. will post 14.96 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 31st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.60 annualized dividend and a yield of 0.15%. Kinsale Capital Group’s payout ratio is presently 3.99%.

Insiders Place Their Bets

In other news, COO Brian D. Haney sold 3,778 shares of the firm’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $367.74, for a total transaction of $1,389,321.72. Following the sale, the chief operating officer now owns 95,850 shares in the company, valued at approximately $35,247,879. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, COO Brian D. Haney sold 3,778 shares of the company’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $367.74, for a total value of $1,389,321.72. Following the completion of the transaction, the chief operating officer now directly owns 95,850 shares in the company, valued at approximately $35,247,879. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frederick L. Jr. Russell sold 2,000 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $524.09, for a total value of $1,048,180.00. Following the transaction, the director now owns 887 shares in the company, valued at $464,867.83. The disclosure for this sale can be found here. Insiders sold a total of 9,778 shares of company stock valued at $4,532,422 in the last quarter. Corporate insiders own 5.60% of the company’s stock.

About Kinsale Capital Group

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.