IFP Advisors Inc Increases Stake in Kinsale Capital Group, Inc. (NYSE:KNSL)

IFP Advisors Inc raised its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 812.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,291 shares of the financial services provider's stock after purchasing an additional 2,040 shares during the period. IFP Advisors Inc's holdings in Kinsale Capital Group were worth $1,067,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Transcend Capital Advisors LLC bought a new stake in shares of Kinsale Capital Group in the 4th quarter worth $296,000. Arcadia Investment Management Corp MI boosted its holdings in Kinsale Capital Group by 64.5% during the fourth quarter. Arcadia Investment Management Corp MI now owns 778 shares of the financial services provider's stock worth $362,000 after purchasing an additional 305 shares during the last quarter. Covey Capital Advisors LLC purchased a new stake in Kinsale Capital Group in the 4th quarter valued at about $585,000. Handelsbanken Fonder AB lifted its position in shares of Kinsale Capital Group by 1,119.0% during the 4th quarter. Handelsbanken Fonder AB now owns 70,700 shares of the financial services provider's stock worth $32,885,000 after buying an additional 64,900 shares in the last quarter. Finally, Jacobson & Schmitt Advisors LLC lifted its position in shares of Kinsale Capital Group by 0.5% during the 4th quarter. Jacobson & Schmitt Advisors LLC now owns 35,774 shares of the financial services provider's stock worth $16,640,000 after buying an additional 166 shares in the last quarter. 85.36% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

A number of brokerages recently commented on KNSL. BMO Capital Markets increased their price target 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. Morgan Stanley lowered their target price on 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. JPMorgan Chase & Co. reduced 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 research report on Friday, January 3rd. JMP Securities reaffirmed a "market perform" rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Finally, Truist Financial increased their target price on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Kinsale Capital Group presently has an average rating of "Hold" and an average price target of $468.56.

Kinsale Capital Group Stock Performance

KNSL stock traded down $0.64 during midday trading on Monday, reaching $431.21. 183,893 shares of the company's stock traded hands, compared to its average volume of 171,248. Kinsale Capital Group, Inc. has a 52 week low of $355.12 and a 52 week high of $548.47. The company has a 50-day moving average price of $447.29 and a two-hundred day moving average price of $463.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market capitalization 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.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its 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. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The business had revenue of $412.12 million during the quarter, compared to the consensus estimate of $418.32 million. As a group, equities analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 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 0.16%. Kinsale Capital Group's dividend payout ratio is currently 3.82%.

Insider Buying and Selling at Kinsale Capital Group

In other news, EVP Diane D. Schnupp sold 500 shares of the company'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 completion of the transaction, the executive vice president now directly owns 6,994 shares in the company, valued at approximately $3,566,940. This represents a 6.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Joseph Ritchie sold 2,295 shares of the firm's stock in a transaction dated 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 transaction, the director now directly owns 7,348 shares in the company, valued at approximately $3,672,456.92. This represents a 23.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.