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

Kestra Investment Management LLC lifted its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 42.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm 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 SEC.

Several other hedge funds have also modified their holdings of KNSL. CWM LLC raised its holdings in shares of Kinsale Capital Group by 8.8% during the 3rd quarter. CWM LLC now owns 406 shares of the financial services provider’s stock valued at $189,000 after buying an additional 33 shares during the period. Blue Trust Inc. grew its stake in Kinsale Capital Group by 309.1% during the 3rd quarter. Blue Trust Inc. now owns 180 shares of the financial services provider’s stock valued at $84,000 after purchasing an additional 136 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Kinsale Capital Group by 75.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 133,975 shares of the financial services provider’s stock valued at $62,375,000 after purchasing an additional 57,460 shares in the last quarter. Copeland Capital Management LLC grew its stake in Kinsale Capital Group by 0.3% during the 3rd quarter. Copeland Capital Management LLC now owns 231,303 shares of the financial services provider’s stock valued at $107,687,000 after purchasing an additional 685 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its stake in Kinsale Capital Group by 35.8% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,751 shares of the financial services provider’s stock valued at $815,000 after purchasing an additional 462 shares in the last quarter. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Kinsale Capital Group Trading Down 1.7 %

NYSE:KNSL opened at $441.50 on Wednesday. Kinsale Capital Group, Inc. has a 12-month low of $355.12 and a 12-month high of $548.47. The firm has a market capitalization of $10.28 billion, a P/E ratio of 25.17, a P/E/G ratio of 1.82 and a beta of 1.15. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.09 and a quick ratio of 0.09. The business has a 50 day simple moving average of $458.10 and a 200 day simple moving average of $465.89.

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 analysts’ consensus estimates of $4.23 by $0.39. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. The business had revenue of $412.12 million during the quarter, compared to analyst estimates of $418.32 million. Equities research analysts predict that Kinsale Capital Group, Inc. will post 15.67 EPS for the current year.

Kinsale Capital Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors 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 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. Kinsale Capital Group’s payout ratio is currently 3.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on KNSL shares. Morgan Stanley lowered their price objective on Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Wolfe Research upgraded Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price objective for the company in a research note on Monday, October 28th. Truist Financial lifted their target price on Kinsale Capital Group from $480.00 to $525.00 and gave the stock a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. decreased their target price on Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Finally, BMO Capital Markets lifted their target price on 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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Kinsale Capital Group has an average rating of “Hold” and an average price target of $468.56.

Insider Activity at Kinsale Capital Group

In other Kinsale Capital Group news, Director James Joseph Ritchie sold 2,295 shares of Kinsale Capital Group 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 sale, the director now owns 7,348 shares of the company’s stock, valued at $3,672,456.92. The trade was a 23.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Diane D. Schnupp sold 500 shares of Kinsale Capital Group stock in a transaction on Wednesday, December 11th. The shares were 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 in the company, valued at $3,566,940. The trade was a 6.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,235 shares of company stock worth $3,618,954 in the last 90 days. 5.60% of the stock is currently 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.