Significant Wealth Partners LLC Takes Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Significant Wealth Partners LLC acquired a new stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,080 shares of the financial services provider’s stock, valued at approximately $362,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Anchor Investment Management LLC bought a new stake in Kinsale Capital Group in the fourth quarter valued at $25,000. Emerald Advisers LLC bought a new stake in Kinsale Capital Group in the third quarter valued at $33,000. Beacon Capital Management LLC bought a new stake in Kinsale Capital Group in the fourth quarter valued at $33,000. Arlington Trust Co LLC bought a new stake in Kinsale Capital Group in the fourth quarter valued at $54,000. Finally, Milestone Investment Advisors LLC bought a new stake in Kinsale Capital Group in the third quarter valued at $58,000. 85.36% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Michael P. Kehoe sold 4,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $523.73, for a total transaction of $2,094,920.00. Following the transaction, the chief executive officer now owns 303,972 shares of the company’s stock, valued at $159,199,255.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Kinsale Capital Group news, CEO Michael P. Kehoe sold 4,000 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $523.73, for a total value of $2,094,920.00. Following the transaction, the chief executive officer now owns 303,972 shares of the company’s stock, valued at $159,199,255.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Frederick L. Jr. Russell sold 2,000 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $524.09, for a total value of $1,048,180.00. Following the completion of the transaction, the director now directly owns 887 shares in the company, valued at approximately $464,867.83. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.

Kinsale Capital Group Price Performance

Kinsale Capital Group stock opened at $463.49 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.12 and a current ratio of 0.12. The firm has a market cap of $10.75 billion, a P/E ratio of 35.09 and a beta of 0.89. The business’s fifty day moving average is $492.26 and its two-hundred day moving average is $415.54. Kinsale Capital Group, Inc. has a 52 week low of $297.33 and a 52 week high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings results on Friday, February 16th. The financial services provider reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.44 by $0.43. Kinsale Capital Group had a return on equity of 31.52% and a net margin of 25.29%. The business had revenue of $351.17 million for the quarter, compared to analyst estimates of $367.98 million. During the same quarter in the prior year, the firm posted $2.60 earnings per share. The firm’s revenue for the quarter was up 41.5% compared to the same quarter last year. Equities research analysts forecast that Kinsale Capital Group, Inc. will post 15.26 earnings per share for the current fiscal year.

Kinsale Capital Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Tuesday, February 27th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.13%. The ex-dividend date was Monday, February 26th. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.14. Kinsale Capital Group’s dividend payout ratio is 4.54%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. BMO Capital Markets cut Kinsale Capital Group from an “outperform” rating to a “market perform” rating and upped their price target for the company from $434.00 to $544.00 in a research report on Wednesday, February 28th. Truist Financial upped their price target on Kinsale Capital Group from $450.00 to $600.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. JPMorgan Chase & Co. boosted their price objective on Kinsale Capital Group from $375.00 to $420.00 and gave the stock a “neutral” rating in a research note on Monday, February 26th. Finally, Royal Bank of Canada boosted their price objective on Kinsale Capital Group from $410.00 to $555.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $510.00.

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.