Peterson Wealth Services Purchases New Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Peterson Wealth Services acquired a new position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,910 shares of the financial services provider's stock, valued at approximately $889,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Equitable Trust Co. boosted its holdings in Kinsale Capital Group by 8.1% in the 4th quarter. Equitable Trust Co. now owns 1,113 shares of the financial services provider's stock worth $518,000 after buying an additional 83 shares during the period. Kestra Private Wealth Services LLC boosted its holdings in Kinsale Capital Group by 35.9% in the 4th quarter. Kestra Private Wealth Services LLC now owns 1,680 shares of the financial services provider's stock worth $781,000 after buying an additional 444 shares during the period. Stephens Inc. AR boosted its holdings in Kinsale Capital Group by 17.7% in the 4th quarter. Stephens Inc. AR now owns 1,090 shares of the financial services provider's stock worth $507,000 after buying an additional 164 shares during the period. Stephens Investment Management Group LLC boosted its holdings in Kinsale Capital Group by 12.5% in the 4th quarter. Stephens Investment Management Group LLC now owns 172,038 shares of the financial services provider's stock valued at $80,020,000 after purchasing an additional 19,057 shares during the period. Finally, Entropy Technologies LP bought a new position in Kinsale Capital Group in the 4th quarter valued at $1,416,000. 85.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Truist Financial cut their price target on shares of Kinsale Capital Group from $500.00 to $480.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. BMO Capital Markets raised their price target on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the company a "market perform" rating in a report on Thursday, November 21st. Wolfe Research raised shares of Kinsale Capital Group from a "peer perform" rating to an "outperform" rating and set a $535.00 price target for the company in a report on Monday, October 28th. JPMorgan Chase & Co. cut their price target on shares of Kinsale Capital Group from $415.00 to $412.00 and set a "neutral" rating for the company in a report on Friday, January 3rd. Finally, Royal Bank of Canada cut their price target on shares of Kinsale Capital Group from $480.00 to $475.00 and set a "sector perform" rating for the company in a report on Monday, October 28th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $460.78.

Kinsale Capital Group Price Performance

Shares of Kinsale Capital Group stock traded down $37.34 on Friday, hitting $449.77. 821,618 shares of the company traded hands, compared to its average volume of 222,081. The firm's 50-day simple moving average is $461.05 and its 200 day simple moving average is $465.71. 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 company has a market cap of $10.48 billion, a P/E ratio of 25.64, a P/E/G ratio of 1.82 and a beta of 1.15. Kinsale Capital Group, Inc. has a 12-month low of $355.12 and a 12-month high of $548.47.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share for the quarter, topping the consensus estimate of $4.23 by $0.39. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. Analysts expect that Kinsale Capital Group, Inc. will post 15.67 earnings per share for the current fiscal year.

Kinsale Capital Group Increases Dividend

The firm also recently declared 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 of this dividend is Thursday, February 27th. This is an increase 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 payout ratio is currently 3.42%.

Insiders Place Their Bets

In other news, Director Frederick L. Jr. Russell sold 4,440 shares of the company's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $499.31, for a total transaction of $2,216,936.40. Following the completion of the transaction, the director now directly owns 447 shares of the company's stock, valued at approximately $223,191.57. This represents a 90.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James Joseph Ritchie sold 2,295 shares of the company's 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 transaction, the director now directly owns 7,348 shares of the company's stock, valued at approximately $3,672,456.92. This trade represents 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 valued at $3,618,954 over the last three months. Insiders own 5.60% of the company's stock.

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.