Peloton Wealth Strategists Buys 2,420 Shares of Kinsale Capital Group, Inc. $KNSL

Peloton Wealth Strategists raised its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 95.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 4,967 shares of the financial services provider’s stock after buying an additional 2,420 shares during the period. Peloton Wealth Strategists’ holdings in Kinsale Capital Group were worth $1,943,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in shares of Kinsale Capital Group during the fourth quarter worth $25,000. eCIO Inc. bought a new position in Kinsale Capital Group in the fourth quarter valued at about $29,000. International Assets Investment Management LLC acquired a new stake in Kinsale Capital Group in the fourth quarter worth about $29,000. Johnson Financial Group Inc. increased its position in Kinsale Capital Group by 257.1% in the third 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 raised its holdings in 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 last quarter. 85.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. BMO Capital Markets downgraded shares of 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. Morgan Stanley dropped their price target on shares of Kinsale Capital Group from $350.00 to $330.00 and set an “equal weight” rating for the company in a research note on Thursday, May 21st. JPMorgan Chase & Co. cut their price objective on shares of Kinsale Capital Group from $450.00 to $410.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd. 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. Finally, Jefferies Financial Group lowered shares of Kinsale Capital Group from a “hold” rating to an “underperform” rating and lowered their target price for the stock from $392.00 to $312.00 in a report on Thursday, March 19th. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Kinsale Capital Group currently has a consensus rating of “Hold” and an average price target of $390.18.

Insider Activity at Kinsale Capital Group

In other news, CAO Christopher R. Tangard bought 330 shares of the business’s stock in a transaction on Monday, June 8th. The shares were bought at an average cost of $304.00 per share, for a total transaction of $100,320.00. Following the completion of the acquisition, the chief accounting officer owned 380 shares in the company, valued at approximately $115,520. This trade represents 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 Kinsale Capital Group stock in a transaction on Tuesday, May 26th. The stock was 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. This represents a 6.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 5.60% of the company’s stock.

Kinsale Capital Group Trading Up 0.2%

NYSE:KNSL opened at $312.59 on Wednesday. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.11. Kinsale Capital Group, Inc. has a 1-year low of $287.20 and a 1-year high of $512.76. The firm has a market capitalization of $7.21 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 1.01 and a beta of 0.91. The business’s 50-day moving average price is $322.67 and its two-hundred day moving average price is $359.59.

Kinsale Capital Group (NYSE:KNSL) last posted its earnings results on Thursday, April 23rd. The financial services provider reported $5.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.70 by $0.41. The company had revenue of $466.71 million during the quarter, compared to analyst estimates of $410.25 million. Kinsale Capital Group had a return on equity of 25.82% and a net margin of 27.48%.The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the company earned $3.71 EPS. On average, equities analysts expect that Kinsale Capital Group, Inc. will post 20.54 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, June 11th. Investors of record on Thursday, May 28th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $1.00 annualized dividend and a yield of 0.3%. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 4.40%.

Kinsale Capital Group Company 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.