Geller Advisors LLC Takes Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Geller Advisors LLC bought a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 870 shares of the financial services provider’s stock, valued at approximately $405,000.

A number of other large investors have also added to or reduced their stakes in KNSL. ORG Wealth Partners LLC purchased a new stake in Kinsale Capital Group during the 3rd quarter worth approximately $26,000. UMB Bank n.a. increased its stake in shares of Kinsale Capital Group by 408.3% in the third quarter. UMB Bank n.a. now owns 61 shares of the financial services provider’s stock worth $28,000 after buying an additional 49 shares during the last quarter. Signaturefd LLC raised its holdings in Kinsale Capital Group by 68.9% in the third quarter. Signaturefd LLC now owns 103 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 42 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in Kinsale Capital Group by 225.7% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 114 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 79 shares during the last quarter. Finally, American National Bank & Trust acquired a new position in Kinsale Capital Group during the 3rd quarter worth $55,000. 85.36% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Frederick L. Jr. Russell sold 4,440 shares of Kinsale Capital Group stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $499.31, for a total transaction of $2,216,936.40. Following the sale, the director now directly owns 447 shares in the company, valued at $223,191.57. The trade was a 90.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Joseph Ritchie sold 2,295 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $499.79, for a total transaction of $1,147,018.05. Following the completion of the sale, the director now directly owns 7,348 shares of the company’s stock, valued at $3,672,456.92. The trade was a 23.80 % decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

KNSL has been the topic of a number of recent analyst reports. Royal Bank of Canada cut their target price on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a research note on Monday, October 28th. Wolfe Research raised Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 target price on the stock in a report on Monday, October 28th. BMO Capital Markets lifted their target price on Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a research report on Thursday, November 21st. Truist Financial dropped their price target on Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Kinsale Capital Group currently has an average rating of “Hold” and a consensus target price of $472.00.

Kinsale Capital Group Trading Down 0.3 %

NYSE:KNSL opened at $522.39 on Tuesday. The firm has a market capitalization of $12.17 billion, a P/E ratio of 29.78, a P/E/G ratio of 2.24 and a beta of 1.13. The business has a 50 day simple moving average of $472.15 and a 200 day simple moving average of $442.44. 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, Inc. has a 12-month low of $325.01 and a 12-month high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last posted its earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.60 by $0.60. The company had revenue of $418.06 million for the quarter, compared to analysts’ expectations of $359.43 million. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. The firm’s quarterly revenue was up 33.0% compared to the same quarter last year. During the same period last year, the business posted $3.31 earnings per share. Equities research analysts predict that Kinsale Capital Group, Inc. will post 15.61 EPS for the current year.

Kinsale Capital Group Announces Dividend

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

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.