Kestra Investment Management LLC Raises Stock Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Kestra Investment Management LLC raised its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 42.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,902 shares of the financial services provider’s stock after buying an additional 563 shares during the quarter. Kestra Investment Management LLC’s holdings in Kinsale Capital Group were worth $885,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Kinsale Capital Group during the fourth quarter worth approximately $25,000. Allworth Financial LP raised its stake in shares of Kinsale Capital Group by 450.0% during the fourth quarter. Allworth Financial LP now owns 88 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 72 shares during the last quarter. UMB Bank n.a. raised its position in Kinsale Capital Group by 67.2% in the fourth 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 in the last quarter. Signaturefd LLC raised its position in Kinsale Capital Group by 68.9% in the third quarter. Signaturefd LLC now owns 103 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 42 shares in the last quarter. Finally, Mather Group LLC. raised its position in Kinsale Capital Group by 43.6% in the fourth quarter. Mather Group LLC. now owns 168 shares of the financial services provider’s stock worth $78,000 after acquiring an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on KNSL shares. Truist Financial increased their price objective on Kinsale Capital Group from $480.00 to $525.00 and gave the stock a “buy” rating in a research report on Tuesday. Wolfe Research raised Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 target price on the stock in a report on Monday, October 28th. Morgan Stanley lowered 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. JMP Securities reissued a “market perform” rating on shares of Kinsale Capital Group in a report on Friday, February 14th. 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 report on Tuesday. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Kinsale Capital Group has a consensus rating of “Hold” and a consensus price target of $468.56.

Kinsale Capital Group Stock Down 1.7 %

KNSL opened at $441.50 on Wednesday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13. The firm has a market cap of $10.28 billion, a P/E ratio of 25.17, a PEG ratio of 1.82 and a beta of 1.15. Kinsale Capital Group, Inc. has a 52 week low of $355.12 and a 52 week high of $548.47. The business’s fifty day simple moving average is $458.10 and its 200 day simple moving average is $465.89.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, beating analysts’ consensus estimates of $4.23 by $0.39. The business had revenue of $412.12 million for the quarter, compared to analyst estimates of $418.32 million. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. As a group, equities research analysts anticipate that Kinsale Capital Group, Inc. will post 15.67 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.15%. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, February 27th. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.42%.

Insiders Place Their Bets

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 500 shares of the firm’s stock in a transaction dated 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 directly owns 6,994 shares of the company’s stock, valued at approximately $3,566,940. This trade represents a 6.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James Joseph Ritchie sold 2,295 shares of the firm’s stock in a transaction dated 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. The trade was a 23.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,235 shares of company stock valued at $3,618,954. 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.