Lisanti Capital Growth LLC Has $13.92 Million Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

by · The Cerbat Gem

Lisanti Capital Growth LLC boosted its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL – Free Report) by 10.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 33,615 shares of the financial services provider’s stock after buying an additional 3,135 shares during the quarter. Kinsale Capital Group makes up about 2.2% of Lisanti Capital Growth LLC’s holdings, making the stock its 4th biggest holding. Lisanti Capital Growth LLC owned about 0.15% of Kinsale Capital Group worth $13,921,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Morgan Stanley increased its position in Kinsale Capital Group by 107.7% during the 4th quarter. Morgan Stanley now owns 450,657 shares of the financial services provider’s stock valued at $117,856,000 after purchasing an additional 233,687 shares during the period. Macquarie Group Ltd. grew its position in shares of Kinsale Capital Group by 33.5% in the 2nd quarter. Macquarie Group Ltd. now owns 446,626 shares of the financial services provider’s stock worth $102,563,000 after buying an additional 112,060 shares during the period. Norges Bank purchased a new stake in shares of Kinsale Capital Group in the 4th quarter worth about $28,682,000. Comerica Bank purchased a new stake in shares of Kinsale Capital Group in the 2nd quarter worth about $399,370,000. Finally, Ameriprise Financial Inc. grew its position in shares of Kinsale Capital Group by 138.0% in the 1st quarter. Ameriprise Financial Inc. now owns 181,967 shares of the financial services provider’s stock worth $54,617,000 after buying an additional 105,509 shares during the period. 83.68% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KNSL has been the topic of a number of recent research reports. Jefferies Financial Group upped their target price on shares of Kinsale Capital Group from $395.00 to $420.00 in a research report on Friday, October 6th. StockNews.com initiated coverage on shares of Kinsale Capital Group in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. BMO Capital Markets reduced their target price on shares of Kinsale Capital Group from $450.00 to $434.00 and set an “outperform” rating on the stock in a research report on Monday, October 30th. JPMorgan Chase & Co. upped their price target on shares of Kinsale Capital Group from $350.00 to $370.00 in a research note on Monday, October 2nd. Finally, Royal Bank of Canada dropped their price target on shares of Kinsale Capital Group from $435.00 to $410.00 and set an “outperform” rating on the stock in a research note on Monday, October 30th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $422.14.

Check Out Our Latest Research Report on Kinsale Capital Group

Insider Transactions at Kinsale Capital Group

In other news, CEO Michael P. Kehoe sold 4,000 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $343.48, for a total value of $1,373,920.00. Following the transaction, the chief executive officer now owns 306,117 shares in the company, valued at approximately $105,145,067.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Frederick L. Jr. Russell sold 841 shares of the stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $365.85, for a total value of $307,679.85. Following the completion of the sale, the director now directly owns 440 shares of the company’s stock, valued at approximately $160,974. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael P. Kehoe sold 4,000 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $343.48, for a total transaction of $1,373,920.00. Following the completion of the sale, the chief executive officer now directly owns 306,117 shares of the company’s stock, valued at $105,145,067.16. The disclosure for this sale can be found here. Company insiders own 6.00% of the company’s stock.

Kinsale Capital Group Stock Performance

KNSL traded up $1.32 during midday trading on Friday, hitting $398.75. 175,030 shares of the company traded hands, compared to its average volume of 178,801. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $9.24 billion, a PE ratio of 34.14 and a beta of 0.82. The company’s 50-day moving average is $353.09 and its 200 day moving average is $378.38. Kinsale Capital Group, Inc. has a 52 week low of $250.90 and a 52 week high of $457.73.

Kinsale Capital Group (NYSE:KNSL – Get Free Report) last posted its earnings results on Friday, October 27th. The financial services provider reported $3.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.93 by $0.38. Kinsale Capital Group had a net margin of 24.50% and a return on equity of 31.16%. The business had revenue of $377.79 million for the quarter, compared to analysts’ expectations of $362.43 million. During the same quarter in the prior year, the business earned $1.64 EPS. The business’s revenue for the quarter was up 33.0% compared to the same quarter last year. On average, research analysts expect that Kinsale Capital Group, Inc. will post 12.06 EPS for the current year.

Kinsale Capital Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 13th. Stockholders of record on Wednesday, November 29th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.14%. The ex-dividend date of this dividend was Tuesday, November 28th. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 4.79%.

Kinsale Capital Group Profile

(Free Report)

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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