Hills Bank & Trust Co Makes New Investment in Kinsale Capital Group, Inc. (NYSE:KNSL)

Hills Bank & Trust Co purchased a new stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 1,022 shares of the financial services provider’s stock, valued at approximately $342,000.

A number of other large investors have also recently made changes to their positions in the stock. Anchor Investment Management LLC purchased a new position in shares of Kinsale Capital Group in the fourth quarter worth $25,000. Emerald Advisers LLC bought a new position in Kinsale Capital Group during the 3rd quarter worth about $33,000. Beacon Capital Management LLC purchased a new position in Kinsale Capital Group during the fourth quarter valued at approximately $33,000. Arlington Trust Co LLC purchased a new position in shares of Kinsale Capital Group in the 4th quarter valued at $54,000. Finally, Milestone Investment Advisors LLC bought a new position in Kinsale Capital Group in the third quarter worth about $58,000. 85.36% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Kinsale Capital Group

In related news, CEO Michael P. Kehoe sold 4,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $523.73, for a total value of $2,094,920.00. Following the completion of the sale, the chief executive officer now directly owns 303,972 shares in the company, valued at approximately $159,199,255.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Michael P. Kehoe sold 4,000 shares of Kinsale Capital Group stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $523.73, for a total value of $2,094,920.00. Following the completion of the transaction, the chief executive officer now directly owns 303,972 shares in the company, valued at $159,199,255.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Brian D. Haney sold 3,778 shares of the stock in a transaction on Tuesday, April 30th. The stock was 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 directly owns 95,850 shares in the company, valued at $35,247,879. The disclosure for this sale can be found here. In the last three months, insiders sold 9,778 shares of company stock worth $4,532,422. Insiders own 5.60% of the company’s stock.

Kinsale Capital Group Stock Down 1.2 %

Shares of NYSE:KNSL traded down $4.46 during trading on Thursday, hitting $381.61. 177,723 shares of the company were exchanged, compared to its average volume of 205,138. The firm’s 50 day moving average price is $468.60 and its 200-day moving average price is $412.18. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.12 and a quick ratio of 0.12. Kinsale Capital Group, Inc. has a 12-month low of $297.33 and a 12-month high of $548.47. The stock has a market capitalization of $8.88 billion, a P/E ratio of 25.36 and a beta of 0.98.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.50 earnings per share for the quarter, beating analysts’ consensus estimates of $3.33 by $0.17. Kinsale Capital Group had a net margin of 26.33% and a return on equity of 31.21%. The firm had revenue of $372.79 million for the quarter, compared to analyst estimates of $366.45 million. During the same period last year, the firm posted $2.44 EPS. Kinsale Capital Group’s quarterly revenue was up 41.7% on a year-over-year basis. On average, research analysts predict that Kinsale Capital Group, Inc. will post 15.03 earnings per share for the current fiscal year.

Kinsale Capital Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Tuesday, February 27th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, February 26th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.16%. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.14. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.99%.

Analysts Set New Price Targets

KNSL has been the topic of several research analyst reports. Compass Point dropped their target price on Kinsale Capital Group from $490.00 to $390.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. JPMorgan Chase & Co. boosted their price objective on Kinsale Capital Group from $375.00 to $420.00 and gave the company a “neutral” rating in a report on Monday, February 26th. Royal Bank of Canada restated a “sector perform” rating and set a $425.00 price target (down previously from $555.00) on shares of Kinsale Capital Group in a research report on Monday, April 29th. Truist Financial reduced their target price 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. Finally, BMO Capital Markets decreased their price target on shares of Kinsale Capital Group from $544.00 to $453.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 30th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Kinsale Capital Group has a consensus rating of “Hold” and a consensus price target of $438.43.

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.