69,151 Shares in Kinsale Capital Group, Inc. $KNSL Bought by Langdon Equity Partners

by · The Markets Daily

Langdon Equity Partners acquired a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSLFree Report) during the 4th quarter, Holdings Channel.com reports. The firm acquired 69,151 shares of the financial services provider’s stock, valued at approximately $29,585,000. Kinsale Capital Group makes up 15.2% of Langdon Equity Partners’ portfolio, making the stock its 2nd biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in shares of Kinsale Capital Group in the 4th quarter valued at about $25,000. eCIO Inc. bought a new position in Kinsale Capital Group during the fourth quarter worth about $29,000. International Assets Investment Management LLC bought a new position in Kinsale Capital Group during the fourth quarter worth about $29,000. Johnson Financial Group Inc. grew its holdings in Kinsale Capital Group by 257.1% during the third quarter. Johnson Financial Group Inc. now owns 75 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 54 shares during the period. Finally, Larson Financial Group LLC grew its holdings in Kinsale Capital Group by 225.0% during the third quarter. Larson Financial Group LLC now owns 78 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 54 shares during the period. Institutional investors and hedge funds own 85.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on KNSL shares. Wall Street Zen cut Kinsale Capital Group from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. Weiss Ratings cut Kinsale Capital Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, April 27th. Truist Financial reduced their price objective on Kinsale Capital Group from $450.00 to $405.00 and set a “buy” rating for the company in a report on Monday, April 27th. BMO Capital Markets cut Kinsale Capital Group from a “market perform” rating to an “underperform” rating and set a $348.00 price objective for the company. in a report on Wednesday, February 25th. Finally, Jefferies Financial Group cut Kinsale Capital Group from a “hold” rating to an “underperform” rating and reduced their price objective for the stock from $392.00 to $312.00 in a report on Thursday, March 19th. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $390.18.

View Our Latest Research Report on KNSL

Kinsale Capital Group Stock Up 0.2%

NYSE KNSL opened at $311.29 on Friday. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.11. Kinsale Capital Group, Inc. has a 1-year low of $287.20 and a 1-year high of $512.76. The company has a 50 day moving average of $323.98 and a 200-day moving average of $360.73. The company has a market cap of $7.18 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 1.01 and a beta of 0.91.

Kinsale Capital Group (NYSE:KNSLGet Free Report) last released its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $5.11 earnings per share for the quarter, beating analysts’ consensus estimates of $4.70 by $0.41. Kinsale Capital Group had a net margin of 27.48% and a return on equity of 25.82%. The company had revenue of $466.71 million during the quarter, compared to the consensus estimate of $410.25 million. During the same period in the previous year, the business earned $3.71 earnings per share. The firm’s quarterly revenue was down .5% on a year-over-year basis. On average, equities research analysts expect that Kinsale Capital Group, Inc. will post 20.54 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Thursday, May 28th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, May 28th. This represents a $1.00 annualized dividend and a yield of 0.3%. Kinsale Capital Group’s dividend payout ratio is presently 4.40%.

Insiders Place Their Bets

In other news, insider Salmaan K. Allibhai sold 250 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $311.17, for a total transaction of $77,792.50. Following the completion of the transaction, the insider directly owned 3,645 shares in the company, valued at approximately $1,134,214.65. This represents a 6.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael P. Kehoe sold 22,576 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $302.66, for a total transaction of $6,832,852.16. Following the transaction, the chief executive officer owned 308,048 shares of the company’s stock, valued at $93,233,807.68. This trade represents a 6.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 5.60% of the company’s stock.

Kinsale Capital Group Company Profile

(Free Report)

Kinsale Capital Group, Inc (NYSE:KNSL) is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company’s product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.

Further Reading

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