Advisor OS LLC Invests $373,000 in Kinsale Capital Group, Inc. (NYSE:KNSL)

Advisor OS LLC purchased a new stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 801 shares of the financial services provider's stock, valued at approximately $373,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Los Angeles Capital Management LLC lifted its holdings in Kinsale Capital Group by 40.5% in the fourth quarter. Los Angeles Capital Management LLC now owns 23,938 shares of the financial services provider's stock valued at $11,134,000 after acquiring an additional 6,900 shares during the period. Bank of New York Mellon Corp increased its position in shares of Kinsale Capital Group by 2.9% during the 4th quarter. Bank of New York Mellon Corp now owns 183,345 shares of the financial services provider's stock valued at $85,279,000 after purchasing an additional 5,213 shares during the last quarter. Blackhawk Capital Partners LLC. boosted its holdings in shares of Kinsale Capital Group by 12.0% in the fourth quarter. Blackhawk Capital Partners LLC. now owns 4,174 shares of the financial services provider's stock worth $1,941,000 after buying an additional 447 shares during the last quarter. Synergy Financial Group LTD grew its position in Kinsale Capital Group by 2.1% during the fourth quarter. Synergy Financial Group LTD now owns 2,499 shares of the financial services provider's stock valued at $1,162,000 after buying an additional 51 shares during the period. Finally, IFP Advisors Inc grew its position in Kinsale Capital Group by 812.7% during the fourth quarter. IFP Advisors Inc now owns 2,291 shares of the financial services provider's stock valued at $1,067,000 after buying an additional 2,040 shares during the period. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Kinsale Capital Group Price Performance

Shares of NYSE:KNSL traded down $0.64 during midday trading on Monday, reaching $431.21. 214,668 shares of the company were exchanged, compared to its average volume of 171,248. The stock has a market cap of $10.04 billion, a PE ratio of 24.24, a price-to-earnings-growth ratio of 1.66 and a beta of 1.15. The business's fifty day moving average is $447.29 and its two-hundred day moving average is $463.95. Kinsale Capital Group, Inc. has a one year low of $355.12 and a one year high of $548.47. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced 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, analysts predict that Kinsale Capital Group, Inc. will post 17.72 earnings per share 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. Stockholders of record on Thursday, February 27th will be given a dividend of $0.17 per share. This is an increase from Kinsale Capital Group's previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date of this dividend is Thursday, February 27th. Kinsale Capital Group's dividend payout ratio is currently 3.82%.

Insider Activity at Kinsale Capital Group

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 500 shares of Kinsale Capital Group stock in a transaction 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 directly owns 6,994 shares of the company's stock, valued at $3,566,940. This trade represents a 6.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director James Joseph Ritchie sold 2,295 shares of the company's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $499.79, for a total value of $1,147,018.05. Following the sale, the director now owns 7,348 shares in the company, 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. 5.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on KNSL shares. Morgan Stanley dropped their price target on shares of Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating on the stock in a research note on Friday, February 14th. JMP Securities reiterated a "market perform" rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Truist Financial upped their price target on Kinsale Capital Group from $480.00 to $525.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $500.00 price objective on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. Finally, BMO Capital Markets increased their target price on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the stock a "market perform" rating in a report on Thursday, November 21st. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Kinsale Capital Group presently has an average rating of "Hold" and an average target price of $468.56.

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.