Kestra Private Wealth Services LLC Purchases 444 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Kestra Private Wealth Services LLC lifted its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 35.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,680 shares of the financial services provider’s stock after buying an additional 444 shares during the period. Kestra Private Wealth Services LLC’s holdings in Kinsale Capital Group were worth $781,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Kinsale Capital Group in the fourth quarter worth $25,000. UMB Bank n.a. boosted its holdings in shares of Kinsale Capital Group by 67.2% in the 4th quarter. UMB Bank n.a. now owns 102 shares of the financial services provider’s stock worth $47,000 after buying an additional 41 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Kinsale Capital Group by 68.9% in the 3rd quarter. Signaturefd LLC now owns 103 shares of the financial services provider’s stock worth $48,000 after buying an additional 42 shares during the last quarter. Mather Group LLC. grew its position in Kinsale Capital Group by 43.6% during the fourth quarter. Mather Group LLC. now owns 168 shares of the financial services provider’s stock valued at $78,000 after buying an additional 51 shares during the period. Finally, Blue Trust Inc. increased its holdings in Kinsale Capital Group by 309.1% during the third quarter. Blue Trust Inc. now owns 180 shares of the financial services provider’s stock worth $84,000 after buying an additional 136 shares during the last quarter. 85.36% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Diane D. Schnupp sold 500 shares of Kinsale Capital Group stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $510.00, for a total transaction of $255,000.00. Following the completion of the sale, the executive vice president now owns 6,994 shares of the company’s stock, valued at approximately $3,566,940. This trade represents a 6.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James Joseph Ritchie sold 2,295 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 7,348 shares of the company’s stock, valued at approximately $3,672,456.92. The trade was a 23.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,235 shares of company stock worth $3,618,954 in the last three months. Corporate insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on KNSL shares. JPMorgan Chase & Co. reduced their target price on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. JMP Securities reissued a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday. Wolfe Research upgraded Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 target price on the stock in a research note on Monday, October 28th. Royal Bank of Canada cut their price target on Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating for the company in a research note on Monday, October 28th. Finally, Morgan Stanley lowered their price objective on Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating on the stock in a research note on Friday. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $460.78.

Kinsale Capital Group Stock Performance

NYSE:KNSL opened at $449.77 on Friday. Kinsale Capital Group, Inc. has a 52-week low of $355.12 and a 52-week high of $548.47. The business’s fifty day moving average is $461.05 and its 200 day moving average is $465.71. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market cap of $10.48 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 1.82 and a beta of 1.15.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share 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%. Research analysts predict that Kinsale Capital Group, Inc. will post 15.67 EPS for the current year.

Kinsale Capital Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be paid a $0.17 dividend. The ex-dividend date 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 is currently 3.42%.

Kinsale Capital Group 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.