Captrust Financial Advisors Raises Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Captrust Financial Advisors grew its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 2.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,643 shares of the financial services provider’s stock after buying an additional 59 shares during the period. Captrust Financial Advisors’ holdings in Kinsale Capital Group were worth $1,231,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of KNSL. ORG Wealth Partners LLC purchased a new position in Kinsale Capital Group in the third quarter worth about $26,000. UMB Bank n.a. raised its holdings in shares of Kinsale Capital Group by 408.3% during the third quarter. UMB Bank n.a. now owns 61 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 49 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Kinsale Capital Group by 68.9% during the third quarter. Signaturefd LLC now owns 103 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 42 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of Kinsale Capital Group by 225.7% during the third quarter. Massmutual Trust Co. FSB ADV now owns 114 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 79 shares during the last quarter. Finally, American National Bank & Trust purchased a new position in shares of Kinsale Capital Group during the third quarter valued at approximately $55,000. 85.36% of the stock is owned by hedge funds and other institutional investors.

Kinsale Capital Group Stock Performance

KNSL opened at $524.22 on Friday. The firm has a market cap of $12.21 billion, a P/E ratio of 29.89, a PEG ratio of 2.14 and a beta of 1.13. Kinsale Capital Group, Inc. has a 1-year low of $325.01 and a 1-year high of $548.47. The company has a 50 day simple moving average of $471.01 and a two-hundred day simple moving average of $441.15. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.09 and a quick ratio of 0.09.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share for the quarter, topping analysts’ consensus estimates of $3.60 by $0.60. The business had revenue of $418.06 million during the quarter, compared to analyst estimates of $359.43 million. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. The company’s revenue was up 33.0% on a year-over-year basis. During the same period in the prior year, the business posted $3.31 earnings per share. Equities analysts forecast that Kinsale Capital Group, Inc. will post 15.52 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.15 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.11%. Kinsale Capital Group’s payout ratio is currently 3.42%.

Insiders Place Their Bets

In related news, Director James Joseph Ritchie sold 2,295 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $499.79, for a total transaction of $1,147,018.05. Following the completion of the transaction, the director now owns 7,348 shares in the company, valued at approximately $3,672,456.92. This represents a 23.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frederick L. Jr. Russell sold 4,440 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $499.31, for a total transaction of $2,216,936.40. Following the transaction, the director now owns 447 shares of the company’s stock, valued at approximately $223,191.57. This represents a 90.85 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

Wall Street Analysts Forecast Growth

KNSL has been the subject of several research reports. Truist Financial decreased their price objective on shares of Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating for the company in a report on Monday, October 28th. Morgan Stanley initiated coverage on shares of Kinsale Capital Group in a report on Thursday. They set an “overweight” rating and a $593.00 price objective for the company. Jefferies Financial Group boosted their price objective on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Wolfe Research upgraded shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 target price for the company in a research report on Monday, October 28th. Finally, JPMorgan Chase & Co. cut their target price on shares of Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $472.00.

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.