Wilkinson Global Asset Management LLC Boosts Stock Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Wilkinson Global Asset Management LLC raised its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 913.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,402 shares of the financial services provider's stock after purchasing an additional 36,417 shares during the quarter. Kinsale Capital Group accounts for 1.2% of Wilkinson Global Asset Management LLC's investment portfolio, making the stock its 26th largest position. Wilkinson Global Asset Management LLC owned approximately 0.17% of Kinsale Capital Group worth $18,792,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Ballentine Partners LLC grew its stake in shares of Kinsale Capital Group by 4.6% during the 4th quarter. Ballentine Partners LLC now owns 573 shares of the financial services provider's stock worth $267,000 after acquiring an additional 25 shares during the period. Caprock Group LLC lifted its holdings in Kinsale Capital Group by 1.7% during the fourth quarter. Caprock Group LLC now owns 1,653 shares of the financial services provider's stock valued at $769,000 after purchasing an additional 28 shares during the last quarter. CWM LLC increased its stake in shares of Kinsale Capital Group by 8.8% in the third quarter. CWM LLC now owns 406 shares of the financial services provider's stock worth $189,000 after purchasing an additional 33 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of Kinsale Capital Group by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 716 shares of the financial services provider's stock worth $333,000 after purchasing an additional 36 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its position in shares of Kinsale Capital Group by 5.1% in the third quarter. Fifth Third Wealth Advisors LLC now owns 763 shares of the financial services provider's stock valued at $355,000 after purchasing an additional 37 shares during the period. Institutional investors own 85.36% of the company's stock.

Kinsale Capital Group Price Performance

KNSL traded down $12.70 during trading on Friday, reaching $428.74. The stock had a trading volume of 212,433 shares, compared to its average volume of 224,301. The stock has a market cap of $9.99 billion, a PE ratio of 24.10, a PEG ratio of 1.66 and a beta of 1.15. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. Kinsale Capital Group, Inc. has a one year low of $355.12 and a one year high of $548.47. The business has a 50-day moving average of $454.19 and a 200-day moving average of $465.51.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its earnings results on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 28.04% and a net margin of 26.13%. As a group, equities research analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 27th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.16%. 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 dividend payout ratio is currently 3.37%.

Insider Activity at Kinsale Capital Group

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 500 shares of the company's stock in a transaction dated Wednesday, December 11th. The shares were 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 directly owns 6,994 shares in the company, valued at $3,566,940. This represents a 6.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 sale, 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. 5.60% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on KNSL. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $500.00 price target on shares of Kinsale Capital Group in a report on Tuesday. BMO Capital Markets upped their price target 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. Morgan Stanley decreased 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 report on Friday, February 14th. Truist Financial upped their price target on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, JPMorgan Chase & Co. decreased their price target on shares of Kinsale Capital Group from $415.00 to $412.00 and set a "neutral" rating on the stock in a report on Friday, January 3rd. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus 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.