Outlook Wealth Advisors LLC Makes New Investment in Kinsale Capital Group, Inc. (NYSE:KNSL)

Outlook Wealth Advisors LLC bought a new position 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 Securities & Exchange Commission. The institutional investor bought 987 shares of the financial services provider's stock, valued at approximately $459,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of KNSL. Thrivent Financial for Lutherans lifted its stake in Kinsale Capital Group by 0.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 729,508 shares of the financial services provider's stock worth $281,065,000 after purchasing an additional 6,331 shares in the last quarter. State Street Corp raised its holdings in Kinsale Capital Group by 1.3% in the third quarter. State Street Corp now owns 689,386 shares of the financial services provider's stock worth $320,957,000 after purchasing an additional 8,954 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Kinsale Capital Group by 5.9% in the third quarter. Geode Capital Management LLC now owns 528,708 shares of the financial services provider's stock worth $246,810,000 after acquiring an additional 29,686 shares in the last quarter. Geneva Capital Management LLC boosted its stake in Kinsale Capital Group by 1.3% during the 3rd quarter. Geneva Capital Management LLC now owns 407,831 shares of the financial services provider's stock valued at $189,874,000 after purchasing an additional 5,207 shares during the last quarter. Finally, Copeland Capital Management LLC raised its holdings in shares of Kinsale Capital Group by 0.3% during the third quarter. Copeland Capital Management LLC now owns 231,303 shares of the financial services provider's stock valued at $107,687,000 after purchasing an additional 685 shares during the last quarter. Institutional investors own 85.36% of the company's stock.

Insider Activity

In other news, Director James Joseph Ritchie sold 2,295 shares of the company's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $499.79, for a total transaction of $1,147,018.05. Following the transaction, the director now owns 7,348 shares of the company's stock, valued at approximately $3,672,456.92. This represents a 23.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Diane D. Schnupp sold 500 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $510.00, for a total value of $255,000.00. Following the sale, the executive vice president now directly owns 6,994 shares of the company's stock, valued at $3,566,940. This represents a 6.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,235 shares of company stock valued at $3,618,954. 5.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

KNSL has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their price objective 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. Jefferies Financial Group boosted their price target on Kinsale Capital Group from $444.00 to $471.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Truist Financial decreased their price objective on Kinsale Capital Group from $500.00 to $480.00 and set a "buy" rating on the stock in a research note on Tuesday. Morgan Stanley assumed coverage on Kinsale Capital Group in a research note on Thursday, December 5th. They set an "overweight" rating and a $593.00 price objective for the company. Finally, Royal Bank of Canada decreased their target price on shares of Kinsale Capital Group from $480.00 to $475.00 and set a "sector perform" rating on the stock in a research note on Monday, October 28th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $468.89.

Kinsale Capital Group Price Performance

Kinsale Capital Group stock traded up $1.46 during mid-day trading on Thursday, reaching $437.46. 70,582 shares of the company's stock traded hands, compared to its average volume of 237,420. Kinsale Capital Group, Inc. has a 12-month low of $355.12 and a 12-month high of $548.47. The company has a market cap of $10.19 billion, a price-to-earnings ratio of 25.01, a PEG ratio of 1.52 and a beta of 1.16. The stock has a 50 day moving average of $474.12 and a two-hundred day moving average of $456.01. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.20 EPS for the quarter, beating analysts' consensus estimates of $3.60 by $0.60. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. The firm had revenue of $418.06 million during the quarter, compared to the consensus estimate of $359.43 million. During the same quarter last year, the firm earned $3.31 EPS. The firm's revenue for the quarter was up 33.0% compared to the same quarter last year. Equities analysts forecast that Kinsale Capital Group, Inc. will post 15.66 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date of this dividend was Friday, November 29th. Kinsale Capital Group's dividend payout ratio (DPR) is 3.42%.

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.