Allworth Financial LP Has $39,000 Stake in Kinsale Capital Group, Inc. (NYSE:KNSL)

Allworth Financial LP raised its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 450.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 88 shares of the financial services provider’s stock after buying an additional 72 shares during the quarter. Allworth Financial LP’s holdings in Kinsale Capital Group were worth $39,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Ballentine Partners LLC grew its holdings in Kinsale Capital Group by 4.6% in the 4th quarter. Ballentine Partners LLC now owns 573 shares of the financial services provider’s stock valued at $267,000 after buying an additional 25 shares during the last quarter. Caprock Group LLC grew its holdings in shares of Kinsale Capital Group by 1.7% during the 4th quarter. Caprock Group LLC now owns 1,653 shares of the financial services provider’s stock worth $769,000 after purchasing an additional 28 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its holdings in shares of Kinsale Capital Group by 5.1% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 763 shares of the financial services provider’s stock worth $355,000 after purchasing an additional 37 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in shares of Kinsale Capital Group by 2.5% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 1,595 shares of the financial services provider’s stock worth $742,000 after purchasing an additional 39 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Kinsale Capital Group by 2.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,620 shares of the financial services provider’s stock worth $754,000 after purchasing an additional 40 shares in the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KNSL. Morgan Stanley decreased their price objective on Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Royal Bank of Canada reissued a “sector perform” rating and set a $500.00 price objective on shares of Kinsale Capital Group in a report on Tuesday, February 18th. JMP Securities reissued a “market perform” rating on shares of Kinsale Capital Group in a report on Friday, February 14th. JPMorgan Chase & Co. decreased their price objective on Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Finally, Truist Financial raised their target price on Kinsale Capital Group from $480.00 to $525.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $468.56.

Insider Activity at Kinsale Capital Group

In other Kinsale Capital Group news, Director James Joseph Ritchie sold 2,295 shares of the firm’s stock in a transaction 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 in the company, valued at $3,672,456.92. This trade represents a 23.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Diane D. Schnupp sold 500 shares of Kinsale Capital Group stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $510.00, for a total value of $255,000.00. Following the completion of the transaction, the executive vice president now owns 6,994 shares in the company, valued at approximately $3,566,940. The trade was a 6.67 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

Kinsale Capital Group Price Performance

Kinsale Capital Group stock opened at $421.79 on Wednesday. The business has a 50 day simple moving average of $451.13 and a 200 day simple moving average of $465.23. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick 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 company has a market capitalization of $9.82 billion, a PE ratio of 23.71, a price-to-earnings-growth ratio of 1.66 and a beta of 1.16.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $412.12 million during the quarter, compared to analysts’ expectations of $418.32 million. On average, sell-side analysts forecast that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 27th will be given a dividend of $0.17 per share. The ex-dividend date is Thursday, February 27th. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 0.16%. Kinsale Capital Group’s dividend payout ratio is 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.