Gladstone Institutional Advisory LLC Acquires New Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Gladstone Institutional Advisory LLC acquired a new stake 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 1,190 shares of the financial services provider's stock, valued at approximately $553,000.

Other hedge funds have also recently bought and sold shares of the company. CWM LLC grew its holdings in Kinsale Capital Group by 8.8% during the 3rd quarter. CWM LLC now owns 406 shares of the financial services provider's stock valued at $189,000 after buying an additional 33 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in Kinsale Capital Group by 32.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,580 shares of the financial services provider's stock valued at $736,000 after buying an additional 385 shares during the last quarter. Trust Point Inc. grew its holdings in Kinsale Capital Group by 5.5% during the 3rd quarter. Trust Point Inc. now owns 3,053 shares of the financial services provider's stock valued at $1,421,000 after buying an additional 160 shares during the last quarter. Blue Trust Inc. grew its holdings in Kinsale Capital Group by 309.1% during the 3rd quarter. Blue Trust Inc. now owns 180 shares of the financial services provider's stock valued at $84,000 after buying an additional 136 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings 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 valued at $62,375,000 after buying an additional 57,460 shares during the last quarter. 85.36% of the stock is owned by hedge funds and other institutional investors.

Kinsale Capital Group Trading Down 0.4 %

KNSL stock traded down $1.61 during trading on Tuesday, reaching $447.73. 136,724 shares of the stock traded hands, compared to its average volume of 219,007. The business's 50 day moving average price is $458.10 and its 200-day moving average price is $465.89. Kinsale Capital Group, Inc. has a 52-week low of $355.12 and a 52-week high of $548.47. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a market capitalization of $10.43 billion, a PE ratio of 25.59, a P/E/G ratio of 1.82 and a beta of 1.15.

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 (EPS) for the quarter, beating analysts' consensus estimates of $4.23 by $0.39. The firm had revenue of $412.12 million during the quarter, compared to the consensus estimate of $418.32 million. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. As a group, sell-side analysts forecast that Kinsale Capital Group, Inc. will post 15.67 earnings per share for the current year.

Kinsale Capital Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.15%. The ex-dividend date is Thursday, February 27th. This is a boost from Kinsale Capital Group's previous quarterly dividend of $0.15. Kinsale Capital Group's payout ratio is currently 3.42%.

Analyst Ratings Changes

KNSL has been the subject of a number of recent analyst reports. JMP Securities reaffirmed a "market perform" rating on shares of Kinsale Capital Group in a research report on Friday. Truist Financial lowered their price objective on Kinsale Capital Group from $500.00 to $480.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Morgan Stanley lowered their price objective on Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating for the company in a research report on Friday. BMO Capital Markets lifted their price objective on 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. Finally, Wolfe Research raised 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. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $460.78.

Insiders Place Their Bets

In related news, EVP Diane D. Schnupp sold 500 shares of the business's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $510.00, for a total value of $255,000.00. Following the transaction, the executive vice president now owns 6,994 shares in the company, valued at approximately $3,566,940. The trade was a 6.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 7,235 shares of company stock worth $3,618,954 over the last quarter. 5.60% of the stock is owned by corporate insiders.

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.