Artemis Investment Management LLP Lowers Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Artemis Investment Management LLP decreased its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 13.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,243 shares of the financial services provider’s stock after selling 8,575 shares during the quarter. Artemis Investment Management LLP’s holdings in Kinsale Capital Group were worth $26,160,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. ORG Wealth Partners LLC bought a new position in shares of Kinsale Capital Group during the 3rd quarter valued at approximately $26,000. UMB Bank n.a. lifted its holdings in Kinsale Capital Group by 408.3% during the third quarter. UMB Bank n.a. now owns 61 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 49 shares in the last quarter. Signaturefd LLC boosted its position in shares of Kinsale Capital Group by 68.9% in the third quarter. Signaturefd LLC now owns 103 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 42 shares during the period. Massmutual Trust Co. FSB ADV increased its stake in shares of Kinsale Capital Group by 225.7% in the third quarter. Massmutual Trust Co. FSB ADV now owns 114 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 79 shares in the last quarter. Finally, American National Bank & Trust bought a new stake in shares of Kinsale Capital Group during the 3rd quarter valued at $55,000. Institutional investors own 85.36% of the company’s stock.

Insider Activity

In related news, EVP Diane D. Schnupp sold 500 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $510.00, for a total transaction of $255,000.00. Following the transaction, the executive vice president now directly owns 6,994 shares in the company, valued at approximately $3,566,940. This represents a 6.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Frederick L. Jr. Russell sold 4,440 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $499.31, for a total value of $2,216,936.40. Following the transaction, the director now owns 447 shares of the company’s stock, valued at $223,191.57. This trade represents a 90.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,235 shares of company stock valued at $3,618,954 in the last ninety days. Insiders own 5.60% of the company’s stock.

Kinsale Capital Group Trading Down 0.3 %

Shares of KNSL opened at $436.86 on Friday. The stock has a market capitalization of $10.17 billion, a PE ratio of 24.91, a P/E/G ratio of 1.52 and a beta of 1.16. The company’s fifty day moving average is $473.52 and its 200 day moving average is $456.72. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.09 and a current ratio of 0.09. Kinsale Capital Group, Inc. has a fifty-two week low of $355.12 and a fifty-two week high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last posted its earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share for the quarter, topping analysts’ consensus estimates of $3.60 by $0.60. The firm had revenue of $418.06 million for the quarter, compared to the consensus estimate of $359.43 million. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. The business’s quarterly revenue was up 33.0% on a year-over-year basis. During the same period in the previous year, the firm posted $3.31 EPS. Sell-side analysts expect that Kinsale Capital Group, Inc. will post 15.66 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.14%. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.42%.

Wall Street Analyst Weigh In

KNSL has been the subject of a number of analyst reports. Royal Bank of Canada cut their price target on Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating for the company in a research note on Monday, October 28th. Wolfe Research raised Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price objective for the company in a research note on Monday, October 28th. Jefferies Financial Group lifted their target price on Kinsale Capital Group from $444.00 to $471.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. BMO Capital Markets upped their price target on Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a research note on Thursday, November 21st. Finally, JPMorgan Chase & Co. dropped their target price on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Kinsale Capital Group has a consensus rating of “Hold” and a consensus target price of $468.89.

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.