Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Acquired by Wilkinson Global Asset Management LLC

Wilkinson Global Asset Management LLC raised its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 913.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,402 shares of the financial services provider’s stock after purchasing an additional 36,417 shares during the period. Kinsale Capital Group accounts for 1.2% of Wilkinson Global Asset Management LLC’s portfolio, making the stock its 26th largest position. Wilkinson Global Asset Management LLC owned about 0.17% of Kinsale Capital Group worth $18,792,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Ballentine Partners LLC raised its holdings in shares of Kinsale Capital Group by 4.6% in the 4th quarter. Ballentine Partners LLC now owns 573 shares of the financial services provider’s stock worth $267,000 after purchasing an additional 25 shares during the period. Caprock Group LLC raised its holdings in Kinsale Capital Group by 1.7% in the fourth quarter. Caprock Group LLC now owns 1,653 shares of the financial services provider’s stock valued at $769,000 after buying an additional 28 shares during the period. CWM LLC lifted its position in Kinsale Capital Group by 8.8% during the third quarter. CWM LLC now owns 406 shares of the financial services provider’s stock valued at $189,000 after buying an additional 33 shares in the last quarter. CIBC Asset Management Inc grew its stake in Kinsale Capital Group by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 716 shares of the financial services provider’s stock worth $333,000 after buying an additional 36 shares during the period. Finally, Fifth Third Wealth Advisors LLC grew its stake in Kinsale Capital Group by 5.1% during the third quarter. Fifth Third Wealth Advisors LLC now owns 763 shares of the financial services provider’s stock worth $355,000 after buying an additional 37 shares during the period. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Trading Down 1.7 %

KNSL opened at $441.50 on Wednesday. The stock has a market capitalization of $10.28 billion, a PE ratio of 24.82, a P/E/G ratio of 1.65 and a beta of 1.15. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09. Kinsale Capital Group, Inc. has a 12-month low of $355.12 and a 12-month high of $548.47. The firm’s fifty day moving average price is $458.10 and its 200 day moving average price is $465.89.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings results on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, topping the consensus estimate of $4.23 by $0.39. The business had revenue of $412.12 million for the quarter, compared to analysts’ expectations of $418.32 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. As a group, research analysts expect that Kinsale Capital Group, Inc. will post 18.15 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.15%. This is an increase from Kinsale Capital Group’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, February 27th. Kinsale Capital Group’s payout ratio is 3.37%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on KNSL shares. Wolfe Research upgraded shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 target price on the stock in a report on Monday, October 28th. Truist Financial upped their target price on Kinsale Capital Group from $480.00 to $525.00 and gave the stock a “buy” rating in a research report on Tuesday. Royal Bank of Canada reiterated a “sector perform” rating and set a $500.00 target price on shares of Kinsale Capital Group in a report on Tuesday. Morgan Stanley decreased their price target on Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $468.56.

Insider Activity at Kinsale Capital Group

In related news, Director James Joseph Ritchie sold 2,295 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $499.79, for a total transaction of $1,147,018.05. Following the sale, the director now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Diane D. Schnupp sold 500 shares of Kinsale Capital Group stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $510.00, for a total value of $255,000.00. Following the completion of the transaction, the executive vice president now owns 6,994 shares of the company’s stock, valued at approximately $3,566,940. The trade was a 6.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,235 shares of company stock valued at $3,618,954. Corporate insiders own 5.60% of the company’s stock.

Kinsale Capital Group Company 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.