IFP Advisors Inc Acquires 2,040 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

IFP Advisors Inc grew its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 812.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,291 shares of the financial services provider’s stock after purchasing an additional 2,040 shares during the quarter. IFP Advisors Inc’s holdings in Kinsale Capital Group were worth $1,067,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of KNSL. Ballentine Partners LLC lifted its stake in shares of Kinsale Capital Group by 4.6% during the 4th quarter. Ballentine Partners LLC now owns 573 shares of the financial services provider’s stock worth $267,000 after purchasing an additional 25 shares during the last quarter. Caprock Group LLC raised its holdings in Kinsale Capital Group by 1.7% in the fourth 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. CIBC Asset Management Inc lifted its position in shares of Kinsale Capital Group by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 716 shares of the financial services provider’s stock valued at $333,000 after buying an additional 36 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in shares of Kinsale Capital Group by 5.1% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 763 shares of the financial services provider’s stock valued at $355,000 after buying an additional 37 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its position in shares of 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 worth $742,000 after buying an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Insider Transactions at Kinsale Capital Group

In other news, EVP Diane D. Schnupp sold 500 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was 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 of the company’s stock, valued at $3,566,940. The trade was a 6.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James Joseph Ritchie sold 2,295 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $499.79, for a total value of $1,147,018.05. Following the sale, the director now directly owns 7,348 shares in the company, valued at approximately $3,672,456.92. This trade represents a 23.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

KNSL has been the subject of a number of analyst reports. Truist Financial increased their target price on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Royal Bank of Canada reiterated a “sector perform” rating and set a $500.00 price objective on shares of Kinsale Capital Group in a report on Tuesday, February 18th. BMO Capital Markets boosted their target price on Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a research note on Thursday, November 21st. JMP Securities reiterated a “market perform” rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Finally, Morgan Stanley lowered their price target on Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $468.56.

Kinsale Capital Group Stock Up 2.9 %

Kinsale Capital Group stock opened at $428.84 on Friday. The business’s 50-day simple moving average is $447.97 and its two-hundred day simple moving average is $464.33. 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 cap of $9.99 billion, a PE ratio of 24.11, a PEG ratio of 1.66 and a beta of 1.16. Kinsale Capital Group, Inc. has a fifty-two week low of $355.12 and a fifty-two week high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, beating 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 firm had revenue of $412.12 million for the quarter, compared to analyst estimates of $418.32 million. Equities analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be paid a $0.17 dividend. The ex-dividend date is Thursday, February 27th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.16%. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.15. Kinsale Capital Group’s dividend payout ratio is presently 3.82%.

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.