HB Wealth Management LLC Invests $247,000 in Kinsale Capital Group, Inc. (NYSE:KNSL)

HB Wealth Management LLC acquired a new stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSLFree Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 530 shares of the financial services provider’s stock, valued at approximately $247,000.

Other institutional investors have also added to or reduced their stakes in the company. Argent Capital Management LLC bought a new stake in shares of Kinsale Capital Group during the fourth quarter valued at about $1,736,000. Outlook Wealth Advisors LLC purchased a new position in Kinsale Capital Group during the fourth quarter valued at approximately $459,000. Park Avenue Securities LLC increased its holdings in Kinsale Capital Group by 19.1% during the 4th quarter. Park Avenue Securities LLC now owns 2,670 shares of the financial services provider’s stock worth $1,242,000 after acquiring an additional 429 shares during the period. ORG Wealth Partners LLC lifted its stake in Kinsale Capital Group by 450.9% in the 4th quarter. ORG Wealth Partners LLC now owns 303 shares of the financial services provider’s stock worth $141,000 after purchasing an additional 248 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Kinsale Capital Group by 7.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,195 shares of the financial services provider’s stock valued at $1,022,000 after purchasing an additional 157 shares during the period. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Stock Performance

Shares of KNSL stock opened at $432.09 on Friday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13. The stock has a fifty day moving average of $470.50 and a 200 day moving average of $457.72. The firm has a market capitalization of $10.06 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 1.61 and a beta of 1.16. Kinsale Capital Group, Inc. has a 52 week low of $355.12 and a 52 week high of $548.47.

Kinsale Capital Group (NYSE:KNSLGet Free Report) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $418.06 million for the quarter, compared to analysts’ expectations of $359.43 million. Kinsale Capital Group’s quarterly revenue was up 33.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.31 earnings per share. As a group, research analysts expect that Kinsale Capital Group, Inc. will post 15.67 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.14%. The ex-dividend date was Friday, November 29th. Kinsale Capital Group’s dividend payout ratio is currently 3.42%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Truist Financial lowered their price objective on Kinsale Capital Group from $500.00 to $480.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. BMO Capital Markets raised their price target on Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a report on Thursday, November 21st. Royal Bank of Canada cut their target price on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating for the company in a research report on Monday, October 28th. Morgan Stanley initiated coverage on Kinsale Capital Group in a research report on Thursday, December 5th. They issued an “overweight” rating and a $593.00 target price for the company. Finally, Jefferies Financial Group raised their price objective on Kinsale Capital Group from $444.00 to $471.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $468.89.

Read Our Latest Report on Kinsale Capital Group

Insider Activity at Kinsale Capital Group

In related news, Director James Joseph Ritchie sold 2,295 shares of the business’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 $3,672,456.92. The trade was a 23.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Diane D. Schnupp sold 500 shares of Kinsale Capital Group stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $510.00, for a total transaction of $255,000.00. Following the transaction, the executive vice president now owns 6,994 shares of the company’s stock, valued at $3,566,940. The trade was a 6.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,235 shares of company stock worth $3,618,954 over the last ninety days. 5.60% of the stock is owned by corporate insiders.

Kinsale Capital Group Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding KNSL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kinsale Capital Group, Inc. (NYSE:KNSLFree Report).

Institutional Ownership by Quarter for Kinsale Capital Group (NYSE:KNSL)

Receive News & Ratings for Kinsale Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinsale Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.