Proficio Capital Partners LLC Acquires Shares of 49,304 Kinsale Capital Group, Inc. (NYSE:KNSL)

Proficio Capital Partners LLC bought 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 fund bought 49,304 shares of the financial services provider's stock, valued at approximately $22,933,000. Proficio Capital Partners LLC owned 0.21% of Kinsale Capital Group as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Private Advisor Group LLC purchased a new position in shares of Kinsale Capital Group during the 3rd quarter valued at $272,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Kinsale Capital Group by 7.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,038 shares of the financial services provider's stock worth $949,000 after purchasing an additional 136 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in Kinsale Capital Group by 7.1% in the third quarter. State of Alaska Department of Revenue now owns 2,551 shares of the financial services provider's stock worth $1,187,000 after purchasing an additional 170 shares in the last quarter. Diversify Wealth Management LLC boosted its holdings in Kinsale Capital Group by 20.0% in the third quarter. Diversify Wealth Management LLC now owns 702 shares of the financial services provider's stock worth $322,000 after purchasing an additional 117 shares in the last quarter. Finally, Stephens Inc. AR boosted its holdings in Kinsale Capital Group by 9.2% in the third quarter. Stephens Inc. AR now owns 926 shares of the financial services provider's stock worth $431,000 after purchasing an additional 78 shares in the last quarter. 85.36% of the stock is owned by institutional investors and hedge funds.

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Insiders Place Their Bets

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 sale, the executive vice president now directly owns 6,994 shares of the company's stock, valued at approximately $3,566,940. This represents a 6.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.60% of the company's stock.

Kinsale Capital Group Stock Performance

Shares of KNSL traded up $4.38 during trading hours on Wednesday, reaching $437.52. 193,770 shares of the company traded hands, compared to its average volume of 172,167. The stock's fifty day moving average is $445.21 and its 200 day moving average is $463.06. The stock has a market cap of $10.18 billion, a P/E ratio of 24.59, a price-to-earnings-growth ratio of 1.66 and a beta of 1.25. 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 1-year low of $355.12 and a 1-year high of $548.47.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced its quarterly earnings data 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. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. The business had revenue of $412.12 million during the quarter, compared to analyst estimates of $418.32 million. Equities research analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Increases Dividend

The company 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 annualized dividend and a yield of 0.16%. This is a boost from Kinsale Capital Group's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, February 27th. Kinsale Capital Group's dividend payout ratio is currently 3.82%.

Analyst Upgrades and Downgrades

KNSL has been the subject of a number of recent research reports. BMO Capital Markets upped their price objective 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 for the company in a report on Friday, February 14th. JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. JPMorgan Chase & Co. decreased 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 report on Friday, January 3rd. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $500.00 price target on shares of Kinsale Capital Group in a report on Tuesday, February 18th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target 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.