Physician Wealth Advisors Inc. Acquires New Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Physician Wealth Advisors Inc. bought a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) in the fourth quarter, Holdings Channel reports. The firm bought 105 shares of the financial services provider’s stock, valued at approximately $49,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC raised its position in shares of Kinsale Capital Group by 5.9% in the 3rd quarter. Geode Capital Management LLC now owns 528,708 shares of the financial services provider’s stock valued at $246,810,000 after acquiring an additional 29,686 shares during the period. Empowered Funds LLC acquired a new stake in Kinsale Capital Group in the fourth quarter worth $1,071,000. Charles Schwab Investment Management Inc. boosted its position in shares of Kinsale Capital Group by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 152,445 shares of the financial services provider’s stock worth $70,907,000 after purchasing an additional 3,970 shares in the last quarter. Argent Capital Management LLC acquired a new position in shares of Kinsale Capital Group in the 4th quarter valued at $1,736,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Kinsale Capital Group in the 4th quarter valued at $46,000. Institutional investors own 85.36% of the company’s stock.

Wall Street Analyst Weigh In

KNSL has been the topic of several recent analyst reports. Morgan Stanley reduced their target price on Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Truist Financial boosted their price objective on Kinsale Capital Group from $480.00 to $525.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. dropped their target price on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $500.00 price target on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. Finally, JMP Securities reissued a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Kinsale Capital Group currently has an average rating of “Hold” and an average target price of $468.56.

Kinsale Capital Group Stock Up 0.9 %

Kinsale Capital Group stock opened at $486.72 on Tuesday. The company has a fifty day simple moving average of $453.37 and a 200 day simple moving average of $461.21. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12. Kinsale Capital Group, Inc. has a 1-year low of $355.12 and a 1-year high of $531.79. The company has a market cap of $11.33 billion, a P/E ratio of 27.36, a price-to-earnings-growth ratio of 1.66 and a beta of 1.25.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported $4.62 earnings per share for the quarter, beating the consensus estimate of $4.23 by $0.39. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The company had revenue of $412.12 million during the quarter, compared to analysts’ expectations of $418.32 million. Research analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were given a dividend of $0.17 per share. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, February 27th. This represents a $0.68 annualized dividend and a dividend yield of 0.14%. Kinsale Capital Group’s payout ratio is 3.82%.

Kinsale Capital Group 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.