Promus Capital LLC Makes New Investment in Kinsale Capital Group, Inc. (NYSE:KNSL)

Promus Capital LLC purchased a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 119 shares of the financial services provider’s stock, valued at approximately $55,000.

A number of other large investors have also recently bought and sold shares of the business. Private Advisor Group LLC bought a new position in shares of Kinsale Capital Group during the 3rd quarter worth about $272,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Kinsale Capital Group by 7.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,038 shares of the financial services provider’s stock worth $949,000 after purchasing an additional 136 shares in the last quarter. Stephens Inc. AR boosted its position in shares of Kinsale Capital Group by 9.2% during the 3rd quarter. Stephens Inc. AR now owns 926 shares of the financial services provider’s stock worth $431,000 after purchasing an additional 78 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Kinsale Capital Group by 8.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 972 shares of the financial services provider’s stock worth $453,000 after purchasing an additional 74 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of Kinsale Capital Group by 16.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 4,678 shares of the financial services provider’s stock worth $2,178,000 after purchasing an additional 668 shares in the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Kinsale Capital Group Price Performance

Kinsale Capital Group stock opened at $437.52 on Thursday. Kinsale Capital Group, Inc. has a 52 week low of $355.12 and a 52 week high of $548.47. The company’s 50 day moving average price is $445.21 and its two-hundred day moving average price is $463.06. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12. The stock has a market cap of $10.18 billion, a P/E ratio of 24.59, a P/E/G ratio of 1.66 and a beta of 1.25.

Kinsale Capital Group (NYSE:KNSL) last posted its earnings results on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, topping 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 firm had revenue of $412.12 million for the quarter, compared to analysts’ expectations of $418.32 million. On average, equities analysts predict 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 given a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, February 27th. 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. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 3.82%.

Insiders Place Their Bets

In other news, EVP Diane D. Schnupp sold 500 shares of the firm’s stock in a transaction that occurred 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 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 5.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on KNSL. JMP Securities reissued a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Truist Financial raised their price target on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. dropped their price target 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. BMO Capital Markets raised their price target on shares of 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. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $500.00 price target on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Kinsale Capital Group currently has an average rating of “Hold” and an average price target of $468.56.

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.