Integrated Wealth Concepts LLC Has $661,000 Stock Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Integrated Wealth Concepts LLC increased its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 11.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,422 shares of the financial services provider’s stock after acquiring an additional 148 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Kinsale Capital Group were worth $661,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Kinsale Capital Group in the fourth quarter valued at $25,000. Bank of Jackson Hole Trust acquired a new position in Kinsale Capital Group during the fourth quarter valued at $31,000. Larson Financial Group LLC lifted its stake in Kinsale Capital Group by 7,400.0% in the 4th quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 74 shares in the last quarter. Allworth Financial LP boosted its position in Kinsale Capital Group by 450.0% during the 4th quarter. Allworth Financial LP now owns 88 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 72 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in Kinsale Capital Group during the 4th quarter valued at about $46,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Morgan Stanley decreased their price target on shares of Kinsale Capital Group from $515.00 to $490.00 and set an “overweight” rating for the company in a report on Thursday. JPMorgan Chase & Co. decreased their target price on shares of Kinsale Capital Group from $402.00 to $400.00 and set a “neutral” rating for the company in a research note on Monday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $500.00 price target on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. Truist Financial reduced their price objective on Kinsale Capital Group from $525.00 to $500.00 and set a “buy” rating for the company in a research report on Monday. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $470.00.

Kinsale Capital Group Stock Down 1.7 %

Shares of KNSL stock opened at $427.94 on Friday. The stock’s 50 day simple moving average is $460.12 and its 200 day simple moving average is $462.00. Kinsale Capital Group, Inc. has a twelve month low of $366.92 and a twelve month high of $531.79. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. The company has a market capitalization of $9.96 billion, a price-to-earnings ratio of 24.05, a PEG ratio of 1.66 and a beta of 1.16.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings results on Thursday, April 24th. The financial services provider reported $3.71 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.56. The company had revenue of $423.40 million for the quarter, compared to analyst estimates of $425.73 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm posted $3.50 earnings per share. As a group, research analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were given a dividend of $0.17 per share. This is a positive change 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 dividend on an annualized basis and a yield of 0.16%. Kinsale Capital Group’s payout ratio is currently 3.91%.

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.