Kinsale Capital Group, Inc. $KNSL Shares Bought by Peterson Wealth Services

Peterson Wealth Services boosted its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 15,645.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,732 shares of the financial services provider’s stock after purchasing an additional 1,721 shares during the quarter. Peterson Wealth Services’ holdings in Kinsale Capital Group were worth $677,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KNSL. V Square Quantitative Management LLC acquired a new stake in Kinsale Capital Group during the 4th quarter worth about $25,000. eCIO Inc. acquired a new stake in shares of Kinsale Capital Group during the 4th quarter worth approximately $29,000. International Assets Investment Management LLC acquired a new stake in shares of Kinsale Capital Group during the 4th quarter worth approximately $29,000. Johnson Financial Group Inc. grew its stake in shares of Kinsale Capital Group by 257.1% during the 3rd quarter. Johnson Financial Group Inc. now owns 75 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 54 shares during the period. Finally, Larson Financial Group LLC grew its stake in shares of Kinsale Capital Group by 225.0% during the 3rd quarter. Larson Financial Group LLC now owns 78 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 54 shares during the period. 85.36% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Christopher R. Tangard purchased 330 shares of the stock in a transaction dated Monday, June 8th. The shares were purchased at an average price of $304.00 per share, with a total value of $100,320.00. Following the transaction, the chief accounting officer owned 380 shares in the company, valued at $115,520. The trade was a 660.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Salmaan K. Allibhai sold 250 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $311.17, for a total transaction of $77,792.50. Following the transaction, the insider directly owned 3,645 shares in the company, valued at approximately $1,134,214.65. The trade was a 6.42% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 5.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on KNSL shares. Truist Financial dropped their price objective on shares of Kinsale Capital Group from $450.00 to $405.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. Wall Street Zen cut Kinsale Capital Group from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. JPMorgan Chase & Co. dropped their target price on Kinsale Capital Group from $450.00 to $410.00 and set a “neutral” rating on the stock in a research report on Monday, February 23rd. BMO Capital Markets cut Kinsale Capital Group from a “market perform” rating to an “underperform” rating and set a $348.00 target price on the stock. in a research report on Wednesday, February 25th. Finally, Weiss Ratings cut shares of Kinsale Capital Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, April 27th. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $390.18.

Kinsale Capital Group Trading Down 0.8%

Shares of KNSL opened at $310.99 on Friday. Kinsale Capital Group, Inc. has a 52-week low of $287.20 and a 52-week high of $512.76. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.11. The firm’s fifty day moving average is $324.66 and its two-hundred day moving average is $361.08. The stock has a market cap of $7.17 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 1.02 and a beta of 0.91.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, April 23rd. The financial services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $4.70 by $0.41. The business had revenue of $466.71 million for the quarter, compared to analysts’ expectations of $410.25 million. Kinsale Capital Group had a return on equity of 25.82% and a net margin of 27.48%.The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.71 EPS. Research analysts forecast that Kinsale Capital Group, Inc. will post 20.54 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Thursday, May 28th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Thursday, May 28th. Kinsale Capital Group’s payout ratio is currently 4.40%.

Kinsale Capital Group Profile

Kinsale Capital Group, Inc (NYSE:KNSL) is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company’s product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.