Strategic Advisors LLC Raises Stock Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Strategic Advisors LLC increased its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 0.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,277 shares of the financial services provider’s stock after acquiring an additional 30 shares during the period. Strategic Advisors LLC’s holdings in Kinsale Capital Group were worth $2,568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. lifted its stake in Kinsale Capital Group by 11.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 200 shares of the financial services provider’s stock worth $93,000 after purchasing an additional 21 shares in the last quarter. Coldstream Capital Management Inc. lifted its stake in Kinsale Capital Group by 1.7% in the 4th quarter. Coldstream Capital Management Inc. now owns 1,469 shares of the financial services provider’s stock worth $683,000 after purchasing an additional 25 shares in the last quarter. Fielder Capital Group LLC lifted its stake in Kinsale Capital Group by 5.5% in the 4th quarter. Fielder Capital Group LLC now owns 595 shares of the financial services provider’s stock worth $277,000 after purchasing an additional 31 shares in the last quarter. CIBC Asset Management Inc lifted its stake in Kinsale Capital Group by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 716 shares of the financial services provider’s stock worth $333,000 after purchasing an additional 36 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in Kinsale Capital Group by 1.2% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,250 shares of the financial services provider’s stock worth $1,512,000 after purchasing an additional 38 shares in the last quarter. 85.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on KNSL. Wall Street Zen lowered shares of Kinsale Capital Group from a “hold” rating to a “sell” rating in a research report on Saturday. Morgan Stanley lifted their price target on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the company an “overweight” rating in a research report on Monday, May 19th. Truist Financial cut their target price on Kinsale Capital Group from $525.00 to $500.00 and set a “buy” rating on the stock in a research report on Monday, April 28th. JPMorgan Chase & Co. cut their target price on Kinsale Capital Group from $402.00 to $400.00 and set a “neutral” rating on the stock in a research report on Monday, April 28th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $500.00 target price on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $484.57.

Insider Activity at Kinsale Capital Group

In other news, EVP Diane D. Schnupp sold 1,398 shares of the business’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $472.00, for a total value of $659,856.00. Following the completion of the sale, the executive vice president now owns 6,646 shares of the company’s stock, valued at approximately $3,136,912. The trade was a 17.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.50% of the company’s stock.

Kinsale Capital Group Trading Down 0.7%

Shares of KNSL opened at $470.97 on Tuesday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12. The firm’s 50-day moving average is $465.25 and its two-hundred day moving average is $461.34. Kinsale Capital Group, Inc. has a twelve month low of $366.92 and a twelve month high of $531.79. The firm has a market capitalization of $10.98 billion, a P/E ratio of 26.47, a PEG ratio of 1.66 and a beta of 1.20.

Kinsale Capital Group (NYSE:KNSL) last announced its earnings results on Thursday, April 24th. The financial services provider reported $3.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.56. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. The firm had revenue of $423.40 million for the quarter, compared to analyst estimates of $425.73 million. During the same quarter last year, the business earned $3.50 earnings per share. Kinsale Capital Group’s revenue was up 7.9% compared to the same quarter last year. On average, research analysts predict that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 30th were issued a $0.17 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a dividend yield of 0.15%. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.91%.

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.