EverSource Wealth Advisors LLC Purchases 186 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

EverSource Wealth Advisors LLC raised its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 58.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 502 shares of the financial services provider’s stock after purchasing an additional 186 shares during the period. EverSource Wealth Advisors LLC’s holdings in Kinsale Capital Group were worth $233,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in Kinsale Capital Group by 5.9% during the third quarter. Geode Capital Management LLC now owns 528,708 shares of the financial services provider’s stock valued at $246,810,000 after buying an additional 29,686 shares during the period. Avior Wealth Management LLC boosted its position in shares of Kinsale Capital Group by 7,392.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,049 shares of the financial services provider’s stock valued at $488,000 after acquiring an additional 1,035 shares during the last quarter. Swedbank AB grew its holdings in shares of Kinsale Capital Group by 5.0% during the third quarter. Swedbank AB now owns 42,060 shares of the financial services provider’s stock worth $19,582,000 after purchasing an additional 2,010 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Kinsale Capital Group by 2.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 148,475 shares of the financial services provider’s stock worth $69,126,000 after purchasing an additional 3,469 shares during the last quarter. Finally, Empowered Funds LLC purchased a new stake in Kinsale Capital Group in the fourth quarter valued at approximately $1,071,000. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Kinsale Capital Group Trading Up 3.7 %

Shares of KNSL opened at $455.32 on Monday. The stock has a market capitalization of $10.60 billion, a P/E ratio of 25.59, a PEG ratio of 1.66 and a beta of 1.25. Kinsale Capital Group, Inc. has a twelve month low of $355.12 and a twelve month high of $536.84. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12. The firm has a fifty day simple moving average of $443.43 and a two-hundred day simple moving average of $461.14.

Kinsale Capital Group (NYSE:KNSL) last posted its earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share for the quarter, topping analysts’ consensus estimates of $4.23 by $0.39. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. The company had revenue of $412.12 million during the quarter, compared to analyst estimates of $418.32 million. On average, research analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were paid a $0.17 dividend. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.68 dividend on an annualized basis and a yield of 0.15%. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.82%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. BMO Capital Markets increased their price target on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a report on Thursday, November 21st. Truist Financial raised their price target on Kinsale Capital Group from $480.00 to $525.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Morgan Stanley cut their price objective on Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Royal Bank of Canada reissued a “sector perform” rating and set a $500.00 price objective on shares of Kinsale Capital Group in a report on Tuesday, February 18th. Finally, JMP Securities reiterated a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Kinsale Capital Group currently has a consensus rating of “Hold” and an average price target of $468.56.

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.