Strategic Advisors LLC Has $2.57 Million Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Strategic Advisors LLC increased its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 0.6% during the first quarter, Holdings Channel reports. The fund owned 5,277 shares of the financial services provider’s stock after acquiring an additional 30 shares during the quarter. Strategic Advisors LLC’s holdings in Kinsale Capital Group were worth $2,568,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in KNSL. Empowered Funds LLC bought a new stake in shares of Kinsale Capital Group during the 4th quarter worth $1,071,000. Van ECK Associates Corp boosted its holdings in Kinsale Capital Group by 36.2% in the 4th quarter. Van ECK Associates Corp now owns 21,983 shares of the financial services provider’s stock valued at $10,225,000 after purchasing an additional 5,839 shares during the period. Rhumbline Advisers boosted its holdings in Kinsale Capital Group by 0.4% in the 4th quarter. Rhumbline Advisers now owns 67,092 shares of the financial services provider’s stock valued at $31,206,000 after purchasing an additional 293 shares during the period. Nations Financial Group Inc. IA ADV boosted its holdings in Kinsale Capital Group by 2.5% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 1,595 shares of the financial services provider’s stock valued at $742,000 after purchasing an additional 39 shares during the period. Finally, Congress Asset Management Co. boosted its holdings in Kinsale Capital Group by 8.0% in the 4th quarter. Congress Asset Management Co. now owns 50,849 shares of the financial services provider’s stock valued at $23,652,000 after purchasing an additional 3,783 shares during the period. Institutional investors and hedge funds own 85.36% of the company’s stock.

Kinsale Capital Group Stock Down 0.7%

Shares of NYSE KNSL opened at $470.97 on Tuesday. The firm’s 50-day moving average is $465.25 and its 200-day moving average is $461.34. Kinsale Capital Group, Inc. has a 1 year low of $366.92 and a 1 year high of $531.79. The firm has a market capitalization of $10.98 billion, a PE ratio of 26.47, a price-to-earnings-growth ratio of 1.66 and a beta of 1.20. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12.

Kinsale Capital Group (NYSE:KNSL) last announced its earnings results on Thursday, April 24th. The financial services provider reported $3.71 EPS for the quarter, topping the consensus estimate of $3.15 by $0.56. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. The firm had revenue of $423.40 million for the quarter, compared to the consensus estimate of $425.73 million. During the same period last year, the company posted $3.50 EPS. The business’s quarterly revenue was up 7.9% on a year-over-year basis. Equities analysts expect that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 30th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a yield of 0.15%. Kinsale Capital Group’s payout ratio is 3.91%.

Insider Buying and Selling

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 1,398 shares of the company’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $472.00, for a total transaction of $659,856.00. Following the sale, the executive vice president now directly owns 6,646 shares of the company’s stock, valued at approximately $3,136,912. This represents a 17.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

KNSL has been the subject of a number of research reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $500.00 price target on shares of Kinsale Capital Group in a report on Tuesday, February 18th. Truist Financial dropped their price objective on shares of Kinsale Capital Group from $525.00 to $500.00 and set a “buy” rating for the company in a research note on Monday, April 28th. JPMorgan Chase & Co. dropped their price objective 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, April 28th. Morgan Stanley increased their target price on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the stock an “overweight” rating in a research report on Monday, May 19th. Finally, Wall Street Zen cut shares of Kinsale Capital Group from a “hold” rating to a “sell” rating in a research report on Saturday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Kinsale Capital Group presently has a consensus rating of “Hold” and a consensus price target of $484.57.

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.