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Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Acquired by Brinker Capital Investments LLC

Defense World · Oct 1, 2022 06:02

Brinker Capital Investments LLC increased its stake in Kinsale Capital Group, Inc. (NYSE:KNSL – Get Rating) by 1.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,206 shares of the financial services provider's stock after purchasing an additional 127 shares during the quarter. Brinker Capital Investments LLC's holdings in Kinsale Capital Group were worth $2,344,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Redwood Investments LLC raised its position in Kinsale Capital Group by 15.7% in the second quarter. Redwood Investments LLC now owns 105,725 shares of the financial services provider's stock worth $24,279,000 after acquiring an additional 14,354 shares in the last quarter. Cim LLC bought a new stake in Kinsale Capital Group in the second quarter worth about $796,000. State of Alaska Department of Revenue raised its position in Kinsale Capital Group by 2.3% in the second quarter. State of Alaska Department of Revenue now owns 3,091 shares of the financial services provider's stock worth $709,000 after acquiring an additional 70 shares in the last quarter. Capital International Investors raised its position in Kinsale Capital Group by 67.4% in the first quarter. Capital International Investors now owns 82,000 shares of the financial services provider's stock worth $18,698,000 after acquiring an additional 33,007 shares in the last quarter. Finally, Jane Street Group LLC raised its position in Kinsale Capital Group by 47.3% in the first quarter. Jane Street Group LLC now owns 3,679 shares of the financial services provider's stock worth $839,000 after acquiring an additional 1,182 shares in the last quarter. Institutional investors and hedge funds own 84.37% of the company's stock.

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Analysts Set New Price Targets

Several brokerages have commented on KNSL. Compass Point cut shares of Kinsale Capital Group from a "buy" rating to a "neutral" rating and set a $310.00 price target on the stock. in a research report on Monday, August 15th. Royal Bank of Canada boosted their price target on shares of Kinsale Capital Group from $260.00 to $275.00 and gave the stock an "outperform" rating in a research report on Monday, August 1st. Finally, Truist Financial boosted their price objective on Kinsale Capital Group from $270.00 to $285.00 and gave the stock a "buy" rating in a report on Monday, August 1st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $290.00.

Insider Activity

In other news, CEO Michael P. Kehoe sold 1,500 shares of the company's stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $260.79, for a total value of $391,185.00. Following the transaction, the chief executive officer now owns 314,941 shares in the company, valued at approximately $82,133,463.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Michael P. Kehoe sold 1,500 shares of the business's stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $260.79, for a total value of $391,185.00. Following the completion of the sale, the chief executive officer now owns 314,941 shares of the company's stock, valued at approximately $82,133,463.39. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Bryan P. Petrucelli sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $280.22, for a total value of $1,401,100.00. Following the completion of the sale, the chief financial officer now directly owns 59,146 shares of the company's stock, valued at approximately $16,573,892.12. The disclosure for this sale can be found here. Insiders have sold 7,988 shares of company stock worth $2,198,361 in the last 90 days. Company insiders own 6.20% of the company's stock.

Kinsale Capital Group Price Performance

NYSE KNSL opened at $255.42 on Friday. The stock's 50-day moving average price is $255.83 and its two-hundred day moving average price is $234.51. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.07. The company has a market cap of $5.85 billion, a PE ratio of 41.00 and a beta of 0.84. Kinsale Capital Group, Inc. has a 1 year low of $158.57 and a 1 year high of $285.26.

Kinsale Capital Group (NYSE:KNSL – Get Rating) last issued its earnings results on Thursday, July 28th. The financial services provider reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates of $1.68 by $0.24. The company had revenue of $178.96 million for the quarter, compared to the consensus estimate of $197.41 million. Kinsale Capital Group had a return on equity of 24.01% and a net margin of 20.32%. During the same quarter in the prior year, the company earned $1.28 EPS. On average, analysts predict that Kinsale Capital Group, Inc. will post 7.23 EPS for the current year.

Kinsale Capital Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 13th. Stockholders of record on Monday, August 29th were issued a $0.13 dividend. The ex-dividend date was Friday, August 26th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.20%. Kinsale Capital Group's dividend payout ratio is 8.35%.

Kinsale Capital Group Company Profile

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