Cornerstone Investment Partners LLC Purchases 221 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Cornerstone Investment Partners LLC lifted its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 34.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 871 shares of the financial services provider’s stock after acquiring an additional 221 shares during the quarter. Cornerstone Investment Partners LLC’s holdings in Kinsale Capital Group were worth $405,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Kinsale Capital Group in the fourth quarter valued at about $25,000. Bank of Jackson Hole Trust bought a new stake in shares of Kinsale Capital Group in the fourth quarter valued at about $31,000. Allworth Financial LP raised its holdings in shares of Kinsale Capital Group by 450.0% in the fourth quarter. Allworth Financial LP now owns 88 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 72 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Kinsale Capital Group in the fourth quarter valued at about $46,000. Finally, UMB Bank n.a. raised its holdings in shares of Kinsale Capital Group by 67.2% in the fourth quarter. UMB Bank n.a. now owns 102 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 41 shares in the last quarter. 85.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Morgan Stanley decreased their price objective on Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $500.00 target price on shares of Kinsale Capital Group in a report on Tuesday, February 18th. JMP Securities reiterated a “market perform” rating on shares of Kinsale Capital Group in a report on Friday, February 14th. BMO Capital Markets boosted their target price on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a report on Thursday, November 21st. Finally, Truist Financial boosted their target price on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $468.56.

Insider Buying and Selling

In related news, Director James Joseph Ritchie sold 2,295 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $499.79, for a total value of $1,147,018.05. Following the transaction, the director now owns 7,348 shares in the company, valued at approximately $3,672,456.92. This represents a 23.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Diane D. Schnupp sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $510.00, for a total transaction of $255,000.00. Following the sale, the executive vice president now directly owns 6,994 shares in the company, valued at $3,566,940. The trade was a 6.67 % decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is owned by corporate insiders.

Kinsale Capital Group Price Performance

Shares of KNSL stock opened at $431.21 on Tuesday. Kinsale Capital Group, Inc. has a fifty-two week low of $355.12 and a fifty-two week high of $548.47. The firm has a market capitalization of $10.04 billion, a price-to-earnings ratio of 24.24, a PEG ratio of 1.66 and a beta of 1.15. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. The stock’s 50-day simple moving average is $446.62 and its 200-day simple moving average is $463.59.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share for the quarter, topping analysts’ consensus estimates of $4.23 by $0.39. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The business had revenue of $412.12 million for the quarter, compared to analyst estimates of $418.32 million. As a group, equities analysts forecast that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 27th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.16%. The ex-dividend date is Thursday, February 27th. This is an increase from Kinsale Capital Group’s previous quarterly dividend of $0.15. Kinsale Capital Group’s dividend payout ratio is 3.82%.

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.