Fiduciary Trust Co Purchases Shares of 500 Kinsale Capital Group, Inc. (NYSE:KNSL)

Fiduciary Trust Co acquired a new position in Kinsale Capital Group, Inc. (NYSE:KNSL) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 500 shares of the financial services provider’s stock, valued at approximately $233,000.

Several other institutional investors have also recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Kinsale Capital Group by 5.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,982 shares of the financial services provider’s stock worth $1,854,000 after acquiring an additional 223 shares during the last quarter. Hardy Reed LLC purchased a new stake in Kinsale Capital Group in the 3rd quarter worth $213,000. Townsquare Capital LLC lifted its stake in Kinsale Capital Group by 33.4% in the 3rd quarter. Townsquare Capital LLC now owns 6,317 shares of the financial services provider’s stock worth $2,941,000 after purchasing an additional 1,582 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Kinsale Capital Group by 4.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 17,403 shares of the financial services provider’s stock valued at $8,102,000 after purchasing an additional 689 shares during the last quarter. Finally, Bank of Montreal Can grew its position in shares of Kinsale Capital Group by 54.4% during the third quarter. Bank of Montreal Can now owns 19,511 shares of the financial services provider’s stock valued at $9,002,000 after purchasing an additional 6,876 shares in the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Stock Performance

Shares of NYSE:KNSL opened at $508.44 on Monday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.13. Kinsale Capital Group, Inc. has a 12 month low of $325.01 and a 12 month high of $548.47. The company has a market capitalization of $11.84 billion, a price-to-earnings ratio of 28.99, a PEG ratio of 2.16 and a beta of 1.09. The firm’s 50-day moving average is $466.06 and its 200 day moving average is $437.40.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results on Thursday, October 24th. The financial services provider reported $4.20 EPS for the quarter, beating analysts’ consensus estimates of $3.60 by $0.60. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. The firm had revenue of $418.06 million for the quarter, compared to analysts’ expectations of $359.43 million. During the same quarter in the prior year, the firm posted $3.31 earnings per share. The company’s quarterly revenue was up 33.0% on a year-over-year basis. Research analysts predict that Kinsale Capital Group, Inc. will post 15.52 EPS for the current year.

Kinsale Capital Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, November 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.12%. Kinsale Capital Group’s payout ratio is 3.42%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. dropped their price target on Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. Jefferies Financial Group raised their target price on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Royal Bank of Canada decreased their price target on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a research note on Monday, October 28th. Truist Financial dropped their price objective on shares of Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Finally, BMO Capital Markets upped their target price on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a research report on Thursday, November 21st. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $456.88.

Insider Buying and Selling at Kinsale Capital Group

In other Kinsale Capital Group news, Director Frederick L. Jr. Russell sold 4,440 shares of Kinsale Capital Group stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $499.31, for a total transaction of $2,216,936.40. Following the completion of the sale, the director now directly owns 447 shares of the company’s stock, valued at $223,191.57. The trade was a 90.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.60% of the stock is owned by corporate insiders.

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.