Regal Investment Advisors LLC Acquires New Shares in Kinsale Capital Group, Inc. (NYSE:KNSL)

Regal Investment Advisors LLC bought a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 4,939 shares of the financial services provider's stock, valued at approximately $2,297,000.

Several other institutional investors have also recently bought and sold shares of the company. Barclays PLC boosted its holdings in Kinsale Capital Group by 34.4% during the third quarter. Barclays PLC now owns 11,772 shares of the financial services provider's stock valued at $5,480,000 after acquiring an additional 3,014 shares during the period. Sanctuary Advisors LLC grew its holdings in Kinsale Capital Group by 34.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 1,731 shares of the financial services provider's stock valued at $863,000 after buying an additional 447 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Kinsale Capital Group in the 3rd quarter worth approximately $398,000. Franklin Resources Inc. lifted its holdings in shares of Kinsale Capital Group by 14.3% during the third quarter. Franklin Resources Inc. now owns 97,120 shares of the financial services provider's stock worth $45,869,000 after buying an additional 12,125 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Kinsale Capital Group by 39.7% in the fourth quarter. GAMMA Investing LLC now owns 521 shares of the financial services provider's stock valued at $242,000 after acquiring an additional 148 shares during the period. Institutional investors own 85.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on KNSL shares. Morgan Stanley reduced 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 reiterated a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Royal Bank of Canada restated a "sector perform" rating and set a $500.00 price target on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. JPMorgan Chase & Co. reduced their price objective on 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. Finally, Truist Financial boosted their price objective on 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 issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $468.56.

Kinsale Capital Group Stock Performance

Shares of KNSL traded up $3.36 during midday trading on Friday, reaching $487.01. 88,133 shares of the stock were exchanged, compared to its average volume of 175,069. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12. The company has a market cap of $11.34 billion, a P/E ratio of 27.38, a PEG ratio of 1.66 and a beta of 1.16. Kinsale Capital Group, Inc. has a twelve month low of $355.12 and a twelve month high of $531.79. The stock's 50 day simple moving average is $459.06 and its 200 day simple moving average is $462.94.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share (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 company had revenue of $412.12 million for the quarter, compared to analyst estimates of $418.32 million. On average, sell-side analysts expect that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were paid a dividend of $0.17 per share. This is an increase from Kinsale Capital Group's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.68 annualized dividend and a yield of 0.14%. Kinsale Capital Group's payout ratio is presently 3.82%.

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.