Entropy Technologies LP Invests $1.49 Million in Kinsale Capital Group, Inc. $KNSL

Entropy Technologies LP acquired a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 4,370 shares of the financial services provider’s stock, valued at approximately $1,493,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Keebeck Wealth Management increased its holdings in Kinsale Capital Group by 16.3% in the first quarter. Keebeck Wealth Management now owns 918 shares of the financial services provider’s stock worth $314,000 after purchasing an additional 129 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Kinsale Capital Group by 49.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 108,887 shares of the financial services provider’s stock valued at $37,202,000 after buying an additional 36,203 shares during the period. Bank of Nova Scotia boosted its holdings in shares of Kinsale Capital Group by 145.6% during the 1st quarter. Bank of Nova Scotia now owns 2,854 shares of the financial services provider’s stock worth $975,000 after buying an additional 1,692 shares in the last quarter. Gibbs Wealth Management acquired a new stake in shares of Kinsale Capital Group during the 1st quarter worth approximately $599,000. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in shares of Kinsale Capital Group during the 1st quarter worth approximately $141,000. Institutional investors own 85.36% of the company’s stock.

Insider Buying and Selling

In related news, insider Salmaan K. Allibhai sold 250 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $311.17, for a total value of $77,792.50. Following the transaction, the insider directly owned 3,645 shares of the company’s stock, valued at approximately $1,134,214.65. The trade was a 6.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Christopher R. Tangard bought 330 shares of the company’s stock in a transaction on Monday, June 8th. The stock was bought at an average price of $304.00 per share, for a total transaction of $100,320.00. Following the completion of the purchase, the chief accounting officer owned 380 shares of the company’s stock, valued at approximately $115,520. The trade was a 660.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 5.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on KNSL. Weiss Ratings downgraded shares of Kinsale Capital Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, June 26th. JPMorgan Chase & Co. raised their price target on shares of Kinsale Capital Group from $380.00 to $390.00 and gave the stock a “neutral” rating in a report on Monday, July 20th. Wall Street Zen raised shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Morgan Stanley dropped their price objective on shares of Kinsale Capital Group from $350.00 to $330.00 and set an “equal weight” rating on the stock in a report on Thursday, May 21st. Finally, TD Cowen reissued a “hold” rating on shares of Kinsale Capital Group in a research report on Tuesday, June 16th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Kinsale Capital Group presently has an average rating of “Reduce” and an average price target of $362.11.

Kinsale Capital Group Stock Performance

Shares of KNSL opened at $361.61 on Tuesday. The firm has a market capitalization of $8.34 billion, a P/E ratio of 14.65, a P/E/G ratio of 1.12 and a beta of 0.90. The stock has a 50 day moving average price of $321.90 and a two-hundred day moving average price of $348.74. Kinsale Capital Group, Inc. has a 52 week low of $287.20 and a 52 week high of $486.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.09 and a current ratio of 0.09.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $5.54 earnings per share for the quarter, beating the consensus estimate of $5.11 by $0.43. Kinsale Capital Group had a return on equity of 25.54% and a net margin of 28.49%.The business had revenue of $548.52 million for the quarter, compared to analysts’ expectations of $445.13 million. During the same period last year, the business earned $4.78 EPS. The business’s revenue was up 16.8% on a year-over-year basis. Equities analysts forecast that Kinsale Capital Group, Inc. will post 20.72 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Thursday, May 28th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Thursday, May 28th. Kinsale Capital Group’s dividend payout ratio (DPR) is 4.05%.

Kinsale Capital Group Profile

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.