Nations Financial Group Inc. IA ADV Grows Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Nations Financial Group Inc. IA ADV grew its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 2.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,595 shares of the financial services provider’s stock after acquiring an additional 39 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Kinsale Capital Group were worth $742,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of KNSL. Westfield Capital Management Co. LP increased its stake in shares of Kinsale Capital Group by 65.3% during the 3rd quarter. Westfield Capital Management Co. LP now owns 149,217 shares of the financial services provider’s stock valued at $69,471,000 after acquiring an additional 58,971 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Kinsale Capital Group by 75.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 133,975 shares of the financial services provider’s stock worth $62,375,000 after purchasing an additional 57,460 shares in the last quarter. International Assets Investment Management LLC increased its position in Kinsale Capital Group by 76,986.9% during the 3rd quarter. International Assets Investment Management LLC now owns 47,023 shares of the financial services provider’s stock worth $21,892,000 after purchasing an additional 46,962 shares in the last quarter. DAVENPORT & Co LLC increased its position in Kinsale Capital Group by 9.6% during the 4th quarter. DAVENPORT & Co LLC now owns 511,869 shares of the financial services provider’s stock worth $238,193,000 after purchasing an additional 44,931 shares in the last quarter. Finally, Erste Asset Management GmbH acquired a new stake in Kinsale Capital Group during the 3rd quarter worth approximately $18,599,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

Insider Buying and Selling

In other Kinsale Capital Group news, Director Frederick L. Jr. Russell sold 4,440 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $499.31, for a total value of $2,216,936.40. Following the sale, the director now directly owns 447 shares of the company’s stock, valued at $223,191.57. This trade represents a 90.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James Joseph Ritchie sold 2,295 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $499.79, for a total value of $1,147,018.05. Following the completion of the sale, the director now directly owns 7,348 shares in the company, valued at $3,672,456.92. This represents a 23.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,235 shares of company stock worth $3,618,954 over the last ninety days. 5.60% of the stock is owned by insiders.

Kinsale Capital Group Stock Performance

Kinsale Capital Group stock opened at $449.77 on Monday. The stock has a market cap of $10.48 billion, a P/E ratio of 25.64, a price-to-earnings-growth ratio of 1.82 and a beta of 1.15. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.13. The stock has a 50 day moving average of $459.56 and a 200-day moving average of $465.87. Kinsale Capital Group, Inc. has a 52 week low of $355.12 and a 52 week high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, beating the consensus estimate of $4.23 by $0.39. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. The company had revenue of $412.12 million during the quarter, compared to analysts’ expectations of $418.32 million. On average, analysts expect that Kinsale Capital Group, Inc. will post 15.67 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 27th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, February 27th. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 0.15%. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.42%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Royal Bank of Canada dropped their target price on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating for the company in a research report on Monday, October 28th. JMP Securities reissued a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday. Wolfe Research raised shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price objective for the company in a research report on Monday, October 28th. Morgan Stanley lowered their price objective on shares of Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating for the company in a research report on Friday. Finally, BMO Capital Markets increased their price objective on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a research report on Thursday, November 21st. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $460.78.

About Kinsale Capital Group

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.