United Capital Financial Advisors LLC Makes New $4.70 Million Investment in Kinsale Capital Group, Inc. $KNSL

United Capital Financial Advisors LLC bought a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 14,262 shares of the financial services provider’s stock, valued at approximately $4,704,000.

A number of other institutional investors and hedge funds also recently modified their holdings of KNSL. Bamco Inc. NY acquired a new stake in shares of Kinsale Capital Group in the 2nd quarter valued at approximately $878,600,000. BlackRock Inc. acquired a new position in Kinsale Capital Group during the second quarter valued at approximately $671,457,000. Life Cycle Investment Partners Ltd acquired a new position in Kinsale Capital Group during the fourth quarter valued at approximately $229,653,000. Capital World Investors increased its stake in Kinsale Capital Group by 117.4% in the fourth quarter. Capital World Investors now owns 987,844 shares of the financial services provider’s stock valued at $386,366,000 after purchasing an additional 533,499 shares in the last quarter. Finally, Norges Bank bought a new stake in Kinsale Capital Group in the fourth quarter valued at approximately $107,916,000. 85.36% of the stock is owned by institutional investors.

Kinsale Capital Group Stock Performance

Shares of Kinsale Capital Group stock opened at $381.25 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a market cap of $8.68 billion, a price-to-earnings ratio of 15.45, a price-to-earnings-growth ratio of 1.21 and a beta of 0.89. The stock’s 50-day moving average is $354.41 and its 200-day moving average is $344.98. Kinsale Capital Group, Inc. has a one year low of $287.20 and a one year high of $485.00.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $5.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.11 by $0.43. The business had revenue of $548.52 million during the quarter, compared to the consensus estimate of $445.13 million. Kinsale Capital Group had a return on equity of 25.54% and a net margin of 28.49%.Kinsale Capital Group’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period last year, the company earned $4.78 earnings per share. Equities analysts predict that Kinsale Capital Group, Inc. will post 21.1 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Friday, August 28th will be issued a $0.25 dividend. The ex-dividend date is Friday, August 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.3%. Kinsale Capital Group’s dividend payout ratio (DPR) is 4.05%.

Insider Activity at Kinsale Capital Group

In other Kinsale Capital Group news, CAO Christopher R. Tangard acquired 330 shares of the business’s stock in a transaction dated Monday, June 8th. The shares were acquired at an average price of $304.00 per share, with a total value of $100,320.00. Following the completion of the transaction, the chief accounting officer directly owned 380 shares in the company, valued at $115,520. This trade represents a 660.00% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Wells Fargo & Company lifted their price target on shares of Kinsale Capital Group from $366.00 to $377.00 and gave the stock an “equal weight” rating in a research report on Monday, July 27th. TD Cowen restated a “hold” rating on shares of Kinsale Capital Group in a research report on Tuesday, June 16th. JPMorgan Chase & Co. raised their price objective on Kinsale Capital Group from $380.00 to $390.00 and gave the stock a “neutral” rating in a research note on Monday, July 20th. Morgan Stanley lifted their target price on Kinsale Capital Group from $345.00 to $390.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 19th. Finally, Weiss Ratings raised Kinsale Capital Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 19th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $368.78.

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.