Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 2.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,133 shares of the financial services provider’s stock after buying an additional 124 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Kinsale Capital Group were worth $2,694,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in KNSL. Rise Advisors LLC increased its position in Kinsale Capital Group by 17.5% during the 1st quarter. Rise Advisors LLC now owns 181 shares of the financial services provider’s stock worth $95,000 after purchasing an additional 27 shares in the last quarter. Blackhawk Capital Partners LLC. lifted its stake in shares of Kinsale Capital Group by 1.1% during the 4th quarter. Blackhawk Capital Partners LLC. now owns 2,655 shares of the financial services provider’s stock worth $889,000 after purchasing an additional 30 shares during the period. Harbor Investment Advisory LLC boosted its holdings in shares of Kinsale Capital Group by 17.9% during the fourth quarter. Harbor Investment Advisory LLC now owns 231 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 35 shares during the last quarter. Personal CFO Solutions LLC increased its stake in Kinsale Capital Group by 3.7% in the fourth quarter. Personal CFO Solutions LLC now owns 984 shares of the financial services provider’s stock valued at $330,000 after purchasing an additional 35 shares during the last quarter. Finally, Alliance Wealth Advisors LLC UT raised its position in Kinsale Capital Group by 5.9% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 717 shares of the financial services provider’s stock valued at $240,000 after purchasing an additional 40 shares during the period. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Kinsale Capital Group Stock Performance

NYSE KNSL traded down $3.91 on Friday, hitting $378.71. The stock had a trading volume of 45,604 shares, compared to its average volume of 186,374. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.16. The company’s 50-day moving average is $384.43 and its two-hundred day moving average is $420.60. The stock has a market cap of $8.81 billion, a price-to-earnings ratio of 25.16 and a beta of 1.06. Kinsale Capital Group, Inc. has a one year low of $325.01 and a one year high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings results on Thursday, April 25th. The financial services provider reported $3.50 EPS for the quarter, beating analysts’ consensus estimates of $3.33 by $0.17. The company had revenue of $372.79 million for the quarter, compared to analyst estimates of $366.45 million. Kinsale Capital Group had a return on equity of 31.21% and a net margin of 26.33%. The company’s quarterly revenue was up 41.7% compared to the same quarter last year. During the same period last year, the company earned $2.44 earnings per share. On average, analysts expect that Kinsale Capital Group, Inc. will post 14.94 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Friday, May 31st were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date was Friday, May 31st. Kinsale Capital Group’s payout ratio is currently 3.99%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on KNSL shares. TD Cowen assumed coverage on Kinsale Capital Group in a research note on Monday, May 20th. They issued a “hold” rating and a $403.00 target price for the company. BMO Capital Markets dropped their price objective on shares of Kinsale Capital Group from $544.00 to $453.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 30th. Compass Point decreased their target price on shares of Kinsale Capital Group from $490.00 to $390.00 and set a “neutral” rating for the company in a research note on Monday, April 29th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $425.00 price target (down from $555.00) on shares of Kinsale Capital Group in a report on Monday, April 29th. Finally, Truist Financial cut their price objective on shares of Kinsale Capital Group from $600.00 to $440.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Kinsale Capital Group currently has an average rating of “Hold” and an average price target of $434.00.

Insider Activity

In other Kinsale Capital Group news, COO Brian D. Haney sold 3,778 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $367.74, for a total value of $1,389,321.72. Following the transaction, the chief operating officer now owns 95,850 shares of the company’s stock, valued at $35,247,879. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 5.60% of the company’s stock.

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.