Peterson Wealth Services Takes Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Peterson Wealth Services acquired a new stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,910 shares of the financial services provider’s stock, valued at approximately $889,000.

A number of other large investors have also recently modified their holdings of the company. Ballentine Partners LLC lifted its position in shares of Kinsale Capital Group by 4.6% in the 4th quarter. Ballentine Partners LLC now owns 573 shares of the financial services provider’s stock worth $267,000 after purchasing an additional 25 shares during the period. Caprock Group LLC lifted its stake in shares of Kinsale Capital Group by 1.7% during the fourth quarter. Caprock Group LLC now owns 1,653 shares of the financial services provider’s stock worth $769,000 after buying an additional 28 shares during the period. CWM LLC grew its holdings in shares of Kinsale Capital Group by 8.8% during the third quarter. CWM LLC now owns 406 shares of the financial services provider’s stock valued at $189,000 after buying an additional 33 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its position in shares of Kinsale Capital Group by 5.1% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 763 shares of the financial services provider’s stock valued at $355,000 after acquiring an additional 37 shares during the period. Finally, Exchange Traded Concepts LLC raised its stake in Kinsale Capital Group by 2.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,620 shares of the financial services provider’s stock worth $754,000 after acquiring an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Trading Down 0.8 %

Shares of Kinsale Capital Group stock opened at $485.50 on Tuesday. Kinsale Capital Group, Inc. has a fifty-two week low of $355.12 and a fifty-two week high of $548.47. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.09 and a current ratio of 0.09. The company has a market cap of $11.31 billion, a P/E ratio of 27.68, a price-to-earnings-growth ratio of 1.82 and a beta of 1.15. The firm has a 50-day simple moving average of $462.43 and a two-hundred day simple moving average of $464.49.

Kinsale Capital Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.12%. Kinsale Capital Group’s dividend payout ratio is currently 3.42%.

Analyst Ratings Changes

KNSL has been the topic of a number of research reports. Morgan Stanley started coverage on Kinsale Capital Group in a report on Thursday, December 5th. They issued an “overweight” rating and a $593.00 price objective on the stock. JPMorgan Chase & Co. reduced their price target on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. BMO Capital Markets upped their price objective on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a report on Thursday, November 21st. Wolfe Research upgraded shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price objective on the stock in a research note on Monday, October 28th. Finally, Royal Bank of Canada lowered their price target on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a report on Monday, October 28th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $468.89.

Insider Buying and Selling at Kinsale Capital Group

In other news, EVP Diane D. Schnupp sold 500 shares of Kinsale Capital Group stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $510.00, for a total value of $255,000.00. Following the sale, the executive vice president now owns 6,994 shares in the company, valued at $3,566,940. This trade represents a 6.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Frederick L. Jr. Russell sold 4,440 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $499.31, for a total transaction of $2,216,936.40. Following the sale, the director now directly owns 447 shares of the company’s stock, valued at $223,191.57. This represents a 90.85 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,235 shares of company stock valued at $3,618,954. Company insiders own 5.60% of the company’s stock.

About Kinsale Capital Group

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.