Strategic Advisors LLC Buys Shares of 493 Kinsale Capital Group, Inc. (NYSE:KNSL)

Strategic Advisors LLC purchased a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSLFree Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 493 shares of the financial services provider’s stock, valued at approximately $259,000.

Several other large investors have also recently made changes to their positions in KNSL. FMR LLC increased its stake in shares of Kinsale Capital Group by 5.4% in the third quarter. FMR LLC now owns 19,104 shares of the financial services provider’s stock worth $7,912,000 after buying an additional 983 shares during the period. Hsbc Holdings PLC increased its position in Kinsale Capital Group by 84.4% during the 3rd quarter. Hsbc Holdings PLC now owns 1,481 shares of the financial services provider’s stock valued at $618,000 after purchasing an additional 678 shares during the period. LPL Financial LLC increased its position in Kinsale Capital Group by 5.8% during the 3rd quarter. LPL Financial LLC now owns 14,907 shares of the financial services provider’s stock valued at $6,149,000 after purchasing an additional 820 shares during the period. Alps Advisors Inc. bought a new stake in shares of Kinsale Capital Group during the 3rd quarter valued at $335,000. Finally, Sei Investments Co. boosted its holdings in shares of Kinsale Capital Group by 0.8% during the 3rd quarter. Sei Investments Co. now owns 98,529 shares of the financial services provider’s stock valued at $40,804,000 after buying an additional 772 shares in the last quarter. 85.36% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, COO Brian D. Haney sold 3,778 shares of the stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $367.74, for a total value of $1,389,321.72. Following the transaction, the chief operating officer now owns 95,850 shares in the company, valued at approximately $35,247,879. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.60% of the stock is owned by company insiders.

Kinsale Capital Group Trading Down 0.4 %

NYSE KNSL traded down $1.41 on Friday, reaching $381.21. 25,211 shares of the company were exchanged, compared to its average volume of 186,215. The business’s fifty day moving average price is $384.43 and its 200 day moving average price is $420.60. The stock has a market capitalization of $8.87 billion, a P/E ratio of 25.42 and a beta of 1.06. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.16. Kinsale Capital Group, Inc. has a fifty-two week low of $325.01 and a fifty-two week high of $548.47.

Kinsale Capital Group (NYSE:KNSLGet Free Report) last posted its earnings results on Thursday, April 25th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.33 by $0.17. Kinsale Capital Group had a return on equity of 31.21% and a net margin of 26.33%. The firm had revenue of $372.79 million for the quarter, compared to analyst estimates of $366.45 million. During the same quarter in the prior year, the company earned $2.44 EPS. Kinsale Capital Group’s revenue was up 41.7% on a year-over-year basis. Analysts forecast that Kinsale Capital Group, Inc. will post 14.94 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Friday, May 31st were issued a dividend of $0.15 per share. The ex-dividend date was Friday, May 31st. This represents a $0.60 annualized dividend and a yield of 0.16%. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.99%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Truist Financial lowered their target price on shares of Kinsale Capital Group from $600.00 to $440.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. TD Cowen assumed coverage on Kinsale Capital Group in a research report on Monday, May 20th. They issued a “hold” rating and a $403.00 price target for the company. BMO Capital Markets reduced their target price on Kinsale Capital Group from $544.00 to $453.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 30th. Compass Point cut their price target on Kinsale Capital Group from $490.00 to $390.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $425.00 price target (down previously from $555.00) on shares of Kinsale Capital Group in a report on Monday, April 29th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $434.00.

Check Out Our Latest Report on Kinsale Capital Group

About Kinsale Capital Group

(Free Report)

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.

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Institutional Ownership by Quarter for Kinsale Capital Group (NYSE:KNSL)

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