CNA Financial Corp increased its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL – Get Rating) by 9.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,535 shares of the financial services provider’s stock after purchasing an additional 666 shares during the quarter. CNA Financial Corp’s holdings in Kinsale Capital Group were worth $1,793,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of KNSL. Morgan Stanley lifted its stake in Kinsale Capital Group by 29.2% during the second quarter. Morgan Stanley now owns 48,094 shares of the financial services provider’s stock worth $7,924,000 after purchasing an additional 10,863 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Kinsale Capital Group by 15.7% in the third quarter. PNC Financial Services Group Inc. now owns 1,149 shares of the financial services provider’s stock valued at $185,000 after acquiring an additional 156 shares during the period. Mackenzie Financial Corp purchased a new position in shares of Kinsale Capital Group during the third quarter worth approximately $204,000. State Board of Administration of Florida Retirement System increased its holdings in shares of Kinsale Capital Group by 4.7% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 8,960 shares of the financial services provider’s stock valued at $1,449,000 after acquiring an additional 400 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of Kinsale Capital Group by 6.1% in the 3rd quarter. Principal Financial Group Inc. now owns 80,969 shares of the financial services provider’s stock valued at $13,092,000 after acquiring an additional 4,675 shares during the period. Hedge funds and other institutional investors own 82.91% of the company’s stock.
A number of equities analysts have recently commented on the stock. Truist Financial lifted their target price on shares of Kinsale Capital Group from $255.00 to $270.00 in a report on Monday, May 2nd. StockNews.com assumed coverage on shares of Kinsale Capital Group in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Zacks Investment Research cut shares of Kinsale Capital Group from a “buy” rating to a “hold” rating and set a $246.00 target price on the stock. in a report on Tuesday, April 26th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Kinsale Capital Group currently has a consensus rating of “Hold” and a consensus target price of $245.33.
Kinsale Capital Group (NYSE:KNSL – Get Rating) last issued its earnings results on Thursday, April 28th. The financial services provider reported $1.63 EPS for the quarter, topping the consensus estimate of $1.55 by $0.08. The company had revenue of $216.50 million for the quarter, compared to analyst estimates of $179.95 million. Kinsale Capital Group had a net margin of 22.35% and a return on equity of 21.79%. The business’s revenue was up 50.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.11 EPS. On average, research analysts forecast that Kinsale Capital Group, Inc. will post 6.79 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 13th. Investors of record on Tuesday, May 31st will be given a $0.13 dividend. The ex-dividend date is Friday, May 27th. This represents a $0.52 annualized dividend and a dividend yield of 0.25%. Kinsale Capital Group’s dividend payout ratio is presently 7.87%.
In other Kinsale Capital Group news, CEO Michael P. Kehoe sold 2,500 shares of the company’s stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $210.26, for a total value of $525,650.00. Following the transaction, the chief executive officer now directly owns 319,590 shares in the company, valued at approximately $67,196,993.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Bryan P. Petrucelli sold 4,649 shares of the company’s stock in a transaction dated Tuesday, February 22nd. The shares were sold at an average price of $198.82, for a total transaction of $924,314.18. The disclosure for this sale can be found here. Insiders sold a total of 11,149 shares of company stock worth $2,268,964 over the last quarter. Insiders own 6.20% of the company’s stock.
Kinsale Capital Group Profile (Get Rating)
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.
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