Transcend Capital Advisors LLC Has $236,000 Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Transcend Capital Advisors LLC increased its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 50.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 612 shares of the financial services provider’s stock after purchasing an additional 204 shares during the period. Transcend Capital Advisors LLC’s holdings in Kinsale Capital Group were worth $236,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Rise Advisors LLC boosted its position in shares of Kinsale Capital Group by 17.5% in 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 during the last quarter. Harbor Investment Advisory LLC increased its position in shares of Kinsale Capital Group by 17.9% in the 4th quarter. Harbor Investment Advisory LLC now owns 231 shares of the financial services provider’s stock valued at $77,000 after buying an additional 35 shares in the last quarter. Personal CFO Solutions LLC raised its stake in Kinsale Capital Group by 3.7% during the 4th quarter. Personal CFO Solutions LLC now owns 984 shares of the financial services provider’s stock worth $330,000 after buying an additional 35 shares during the period. Hancock Whitney Corp raised its position in shares of Kinsale Capital Group by 3.1% during the first quarter. Hancock Whitney Corp now owns 1,245 shares of the financial services provider’s stock worth $653,000 after purchasing an additional 38 shares during the period. Finally, Alliance Wealth Advisors LLC UT grew its position in shares of Kinsale Capital Group by 5.9% in the 4th 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. Institutional investors and hedge funds own 85.36% of the company’s stock.

Analyst Upgrades and Downgrades

KNSL has been the topic of a number of research reports. Compass Point cut their price target on shares of Kinsale Capital Group from $490.00 to $390.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. Royal Bank of Canada increased their target price on shares of Kinsale Capital Group from $425.00 to $455.00 and gave the stock a “sector perform” rating in a report on Monday, July 29th. JPMorgan Chase & Co. lifted their price target on shares of Kinsale Capital Group from $400.00 to $420.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. TD Cowen started coverage on Kinsale Capital Group in a report on Monday, May 20th. They issued a “hold” rating and a $403.00 price objective for the company. Finally, Truist Financial boosted their price target on Kinsale Capital Group from $440.00 to $485.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Eight investment 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, Kinsale Capital Group currently has a consensus rating of “Hold” and a consensus target price of $443.38.

Insider Buying and Selling at Kinsale Capital Group

In other Kinsale Capital Group news, Director C. Kronenberg Anne 1,000 shares of the stock in a transaction dated Tuesday, July 30th. The was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 5.60% of the company’s stock.

Kinsale Capital Group Stock Performance

KNSL traded up $0.64 during trading on Monday, hitting $448.29. The stock had a trading volume of 110,793 shares, compared to its average volume of 187,927. The company has a 50 day moving average price of $392.62 and a 200-day moving average price of $428.71. The firm has a market cap of $10.44 billion, a price-to-earnings ratio of 29.74, a P/E/G ratio of 1.96 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. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.13 and a quick ratio of 0.13.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $3.75 EPS for the quarter, topping analysts’ consensus estimates of $3.52 by $0.23. The firm had revenue of $384.55 million for the quarter, compared to analyst estimates of $410.20 million. Kinsale Capital Group had a return on equity of 30.33% and a net margin of 26.08%. The company’s revenue was up 30.0% on a year-over-year basis. During the same quarter last year, the company earned $2.88 EPS. As a group, research analysts predict that Kinsale Capital Group, Inc. will post 15.23 EPS for the current 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 $0.15 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.60 dividend on an annualized basis and a yield of 0.13%. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.99%.

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.