801 Shares in Kinsale Capital Group, Inc. (NYSE:KNSL) Acquired by Advisor OS LLC

Advisor OS LLC acquired a new position in Kinsale Capital Group, Inc. (NYSE:KNSL) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 801 shares of the financial services provider’s stock, valued at approximately $373,000.

A number of other large investors have also added to or reduced their stakes in KNSL. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Kinsale Capital Group in the 4th quarter worth approximately $25,000. Bank of Jackson Hole Trust bought a new stake in Kinsale Capital Group in the 4th quarter worth approximately $31,000. Allworth Financial LP increased its stake in Kinsale Capital Group by 450.0% in the 4th quarter. Allworth Financial LP now owns 88 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 72 shares during the last quarter. UMB Bank n.a. increased its stake in Kinsale Capital Group by 67.2% in the 4th quarter. UMB Bank n.a. now owns 102 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 41 shares during the last quarter. Finally, Mather Group LLC. increased its position in shares of Kinsale Capital Group by 43.6% during the 4th quarter. Mather Group LLC. now owns 168 shares of the financial services provider’s stock valued at $78,000 after purchasing an additional 51 shares during the last quarter. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Stock Performance

Shares of Kinsale Capital Group stock opened at $428.84 on Friday. The stock’s fifty day moving average is $447.97 and its two-hundred day moving average is $464.33. The company has a market capitalization of $9.99 billion, a PE ratio of 24.11, a price-to-earnings-growth ratio of 1.66 and a beta of 1.16. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12. Kinsale Capital Group, Inc. has a 52 week low of $355.12 and a 52 week high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share for the quarter, topping 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 business had revenue of $412.12 million during the quarter, compared to analysts’ expectations of $418.32 million. As a group, analysts expect that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.16%. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.15. The ex-dividend date is Thursday, February 27th. Kinsale Capital Group’s dividend payout ratio is currently 3.82%.

Wall Street Analysts Forecast Growth

KNSL has been the topic of several analyst reports. BMO Capital Markets boosted their target price on Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a research report on Thursday, November 21st. JMP Securities reissued a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. JPMorgan Chase & Co. cut their target price on Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Truist Financial boosted their target price 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. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $500.00 target price on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $468.56.

Insiders Place Their Bets

In other Kinsale Capital Group news, Director James Joseph Ritchie sold 2,295 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $499.79, for a total value of $1,147,018.05. Following the completion of the sale, the director now directly owns 7,348 shares in the company, valued at approximately $3,672,456.92. This represents a 23.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Diane D. Schnupp sold 500 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was 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 of the company’s stock, valued at $3,566,940. This trade represents a 6.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

Kinsale Capital Group Company 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.