Pinnacle Wealth Planning Services Inc. Purchases Shares of 581 Kinsale Capital Group, Inc. (NYSE:KNSL)

Pinnacle Wealth Planning Services Inc. purchased a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 581 shares of the financial services provider’s stock, valued at approximately $305,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cumberland Partners Ltd grew its holdings in shares of Kinsale Capital Group by 50.0% in the 1st quarter. Cumberland Partners Ltd now owns 1,500 shares of the financial services provider’s stock worth $787,000 after purchasing an additional 500 shares during the last quarter. Dorsey & Whitney Trust CO LLC bought a new stake in shares of Kinsale Capital Group in the 1st quarter worth about $223,000. Renasant Bank bought a new stake in shares of Kinsale Capital Group in the 1st quarter worth about $209,000. Fortis Capital Advisors LLC bought a new stake in shares of Kinsale Capital Group in the 1st quarter worth about $549,000. Finally, Jackson Square Partners LLC bought a new stake in shares of Kinsale Capital Group in the 1st quarter worth about $48,035,000. Institutional investors own 85.36% of the company’s stock.

Insider Buying and Selling

In related news, COO Brian D. Haney sold 3,778 shares of Kinsale Capital Group stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $367.74, for a total transaction of $1,389,321.72. Following the transaction, the chief operating officer now owns 95,850 shares of the company’s stock, valued at approximately $35,247,879. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

KNSL has been the topic of several analyst reports. Compass Point lowered their target price on shares of Kinsale Capital Group from $490.00 to $390.00 and set a “neutral” rating on the stock in a report on Monday, April 29th. Truist Financial decreased 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. JPMorgan Chase & Co. increased their price objective on shares of Kinsale Capital Group from $400.00 to $420.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. TD Cowen assumed coverage on shares of Kinsale Capital Group in a report on Monday, May 20th. They set a “hold” rating and a $403.00 price objective on the stock. Finally, Oppenheimer assumed coverage on shares of Kinsale Capital Group in a report on Friday, July 12th. They set a “market perform” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Kinsale Capital Group has a consensus rating of “Hold” and a consensus price target of $434.00.

Kinsale Capital Group Trading Down 4.7 %

Shares of NYSE KNSL traded down $18.31 during mid-day trading on Friday, hitting $370.41. The company’s stock had a trading volume of 254,565 shares, compared to its average volume of 143,066. The stock has a market cap of $8.62 billion, a price-to-earnings ratio of 24.61, a price-to-earnings-growth ratio of 1.65 and a beta of 1.06. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.12 and a quick ratio of 0.12. Kinsale Capital Group, Inc. has a one year low of $325.01 and a one year high of $548.47. The company’s fifty day simple moving average is $385.81 and its 200-day simple moving average is $424.93.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, April 25th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.33 by $0.17. Kinsale Capital Group had a net margin of 26.33% and a return on equity of 31.21%. The company had revenue of $372.79 million for the quarter, compared to analyst estimates of $366.45 million. During the same quarter last year, the firm earned $2.44 EPS. The company’s revenue for the quarter was up 41.7% on a year-over-year basis. On average, sell-side analysts anticipate that Kinsale Capital Group, Inc. will post 14.98 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

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

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.