Venturi Wealth Management LLC Increases Stock Position in Kinsale Capital Group, Inc. $KNSL

Venturi Wealth Management LLC increased its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 41.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,020 shares of the financial services provider’s stock after purchasing an additional 1,178 shares during the quarter. Venturi Wealth Management LLC’s holdings in Kinsale Capital Group were worth $1,945,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Key Financial Inc boosted its stake in shares of Kinsale Capital Group by 315.4% in the first quarter. Key Financial Inc now owns 54 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 41 shares during the period. N.E.W. Advisory Services LLC purchased a new position in shares of Kinsale Capital Group in the first quarter valued at $31,000. V Square Quantitative Management LLC purchased a new position in shares of Kinsale Capital Group in the second quarter valued at $31,000. NBC Securities Inc. purchased a new position in shares of Kinsale Capital Group in the first quarter valued at $35,000. Finally, von Borstel & Associates Inc. purchased a new position in shares of Kinsale Capital Group in the first quarter valued at $42,000. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Kinsale Capital Group Trading Down 0.4%

Kinsale Capital Group stock opened at $472.77 on Wednesday. The firm’s 50-day moving average is $443.30 and its 200-day moving average is $460.89. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.10 and a current ratio of 0.10. Kinsale Capital Group, Inc. has a 1 year low of $405.00 and a 1 year high of $531.79. The company has a market cap of $11.02 billion, a P/E ratio of 24.66, a PEG ratio of 1.74 and a beta of 1.09.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings results on Thursday, July 24th. The financial services provider reported $4.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.41 by $0.37. Kinsale Capital Group had a net margin of 25.92% and a return on equity of 25.93%. The company had revenue of $458.70 million for the quarter, compared to the consensus estimate of $436.25 million. During the same period last year, the firm posted $3.75 EPS. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. On average, equities analysts expect that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 11th. Investors of record on Friday, August 29th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, August 29th. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.55%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Kinsale Capital Group in a research note on Saturday, September 27th. Wall Street Zen upgraded shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a research note on Sunday, June 22nd. Truist Financial increased their price objective on shares of Kinsale Capital Group from $500.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, July 28th. Cantor Fitzgerald upgraded shares of Kinsale Capital Group to a “hold” rating in a research note on Wednesday, August 13th. Finally, Morgan Stanley reduced their price objective on shares of Kinsale Capital Group from $525.00 to $500.00 and set an “overweight” rating on the stock in a research note on Tuesday. Five analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $503.30.

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.