Kinsale Capital Group, Inc. (NYSE:KNSL) Stake Raised by Alta Capital Management LLC

Alta Capital Management LLC grew its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 32.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,239 shares of the financial services provider’s stock after buying an additional 9,589 shares during the period. Kinsale Capital Group accounts for about 1.1% of Alta Capital Management LLC’s investment portfolio, making the stock its 29th biggest holding. Alta Capital Management LLC owned 0.17% of Kinsale Capital Group worth $18,251,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its holdings in 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. Steward Partners Investment Advisory LLC grew its position in Kinsale Capital Group by 27.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,093 shares of the financial services provider’s stock worth $2,369,000 after buying an additional 1,105 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Kinsale Capital Group in the fourth quarter worth approximately $46,000. Jones Financial Companies Lllp grew its position in Kinsale Capital Group by 88.5% in the fourth quarter. Jones Financial Companies Lllp now owns 543 shares of the financial services provider’s stock worth $253,000 after buying an additional 255 shares during the last quarter. Finally, Norden Group LLC grew its position in Kinsale Capital Group by 3.7% during the 4th quarter. Norden Group LLC now owns 1,414 shares of the financial services provider’s stock worth $658,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 85.36% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on KNSL. JMP Securities reiterated a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Royal Bank of Canada reiterated a “sector perform” rating and set a $500.00 price objective on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. JPMorgan Chase & Co. lowered their price objective on shares of 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 lifted their price objective on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Finally, BMO Capital Markets lifted their price objective on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a research report on Thursday, November 21st. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Kinsale Capital Group presently has a consensus rating of “Hold” and a consensus price target of $468.56.

Kinsale Capital Group Trading Down 0.1 %

Kinsale Capital Group stock opened at $431.21 on Tuesday. The company’s fifty day simple moving average is $446.62 and its 200-day simple moving average is $463.59. 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 12 month low of $355.12 and a 12 month high of $548.47. The stock has a market cap of $10.04 billion, a P/E ratio of 24.24, a P/E/G ratio of 1.66 and a beta of 1.15.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $4.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.23 by $0.39. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. The business had revenue of $412.12 million during the quarter, compared to analyst estimates of $418.32 million. As a group, sell-side analysts forecast that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 27th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.16%. The ex-dividend date is Thursday, February 27th. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.15. Kinsale Capital Group’s payout ratio is presently 3.82%.

Insider Activity at Kinsale Capital Group

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 500 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $510.00, for a total transaction of $255,000.00. Following the completion of the transaction, the executive vice president now owns 6,994 shares of the company’s stock, valued at $3,566,940. The trade was a 6.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Joseph Ritchie sold 2,295 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $499.79, for a total transaction of $1,147,018.05. Following the transaction, the director now directly owns 7,348 shares of the company’s stock, valued at approximately $3,672,456.92. This represents a 23.80 % decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is owned by company insiders.

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.