Hendershot Investments Inc. Acquires 1,450 Shares of Kinsale Capital Group, Inc. $KNSL

Hendershot Investments Inc. lifted its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 6.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,983 shares of the financial services provider’s stock after buying an additional 1,450 shares during the quarter. Kinsale Capital Group comprises 1.1% of Hendershot Investments Inc.’s portfolio, making the stock its 29th biggest holding. Hendershot Investments Inc. owned about 0.10% of Kinsale Capital Group worth $7,852,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in Kinsale Capital Group during the 4th quarter worth about $25,000. Bayban acquired a new position in shares of Kinsale Capital Group during the fourth quarter worth approximately $25,000. eCIO Inc. bought a new stake in shares of Kinsale Capital Group during the fourth quarter valued at approximately $29,000. International Assets Investment Management LLC acquired a new stake in shares of Kinsale Capital Group in the fourth quarter valued at approximately $29,000. Finally, Johnson Financial Group Inc. lifted its holdings in Kinsale Capital Group by 257.1% during the 3rd quarter. Johnson Financial Group Inc. now owns 75 shares of the financial services provider’s stock worth $32,000 after buying an additional 54 shares in the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

Kinsale Capital Group Stock Down 0.3%

NYSE:KNSL opened at $353.92 on Friday. Kinsale Capital Group, Inc. has a 12-month low of $287.20 and a 12-month high of $512.76. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $8.16 billion, a P/E ratio of 15.58, a P/E/G ratio of 1.15 and a beta of 0.90. The stock’s fifty day simple moving average is $314.14 and its 200-day simple moving average is $354.91.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $5.11 EPS for the quarter, topping analysts’ consensus estimates of $4.70 by $0.41. The business had revenue of $466.71 million during the quarter, compared to analysts’ expectations of $410.25 million. Kinsale Capital Group had a return on equity of 25.82% and a net margin of 27.48%.The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.71 earnings per share. Equities research analysts expect that Kinsale Capital Group, Inc. will post 20.65 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada dropped their target price on Kinsale Capital Group from $385.00 to $375.00 and set a “sector perform” rating for the company in a research report on Monday, April 27th. Cantor Fitzgerald dropped their price objective on Kinsale Capital Group from $360.00 to $280.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Wall Street Zen upgraded shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. TD Cowen reaffirmed a “hold” rating on shares of Kinsale Capital Group in a research note on Tuesday, June 16th. Finally, Jefferies Financial Group cut shares of Kinsale Capital Group from a “hold” rating to an “underperform” rating and lowered their price target for the stock from $392.00 to $312.00 in a research report on Thursday, March 19th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $374.90.

Insider Transactions at Kinsale Capital Group

In related news, insider Salmaan K. Allibhai sold 250 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $311.17, for a total value of $77,792.50. Following the sale, the insider directly owned 3,645 shares in the company, valued at $1,134,214.65. This trade represents a 6.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael P. Kehoe sold 22,576 shares of Kinsale Capital Group stock in a transaction that occurred 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 directly owned 308,048 shares in the company, valued at $93,233,807.68. The trade was a 6.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 5.60% of the company’s stock.

About Kinsale Capital Group

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.