105 Shares in Kinsale Capital Group, Inc. (NYSE:KNSL) Purchased by Physician Wealth Advisors Inc.

Physician Wealth Advisors Inc. purchased a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 105 shares of the financial services provider’s stock, valued at approximately $49,000.

Other hedge funds also recently modified their holdings of the company. California Public Employees Retirement System raised its stake in shares of Kinsale Capital Group by 11.8% in the fourth quarter. California Public Employees Retirement System now owns 39,341 shares of the financial services provider’s stock valued at $18,299,000 after purchasing an additional 4,146 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Kinsale Capital Group during the fourth quarter worth $3,746,000. Orion Portfolio Solutions LLC increased its holdings in Kinsale Capital Group by 7.8% in the 4th quarter. Orion Portfolio Solutions LLC now owns 5,964 shares of the financial services provider’s stock valued at $2,774,000 after buying an additional 432 shares during the period. Premier Fund Managers Ltd raised its stake in shares of Kinsale Capital Group by 20,286.0% in the 4th quarter. Premier Fund Managers Ltd now owns 104,784 shares of the financial services provider’s stock valued at $48,813,000 after buying an additional 104,270 shares in the last quarter. Finally, Pictet Asset Management Holding SA lifted its holdings in shares of Kinsale Capital Group by 4.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 3,017 shares of the financial services provider’s stock worth $1,403,000 after acquiring an additional 132 shares during the period. Institutional investors own 85.36% of the company’s stock.

Wall Street Analyst Weigh In

KNSL has been the topic of a number of analyst reports. Morgan Stanley lowered their target price on shares of Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. JMP Securities reaffirmed a “market perform” rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. JPMorgan Chase & Co. dropped their price objective on Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Truist Financial boosted 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 note on Tuesday, February 18th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $500.00 target price on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $468.56.

Kinsale Capital Group Trading Up 0.9 %

KNSL opened at $486.72 on Tuesday. Kinsale Capital Group, Inc. has a 1-year low of $355.12 and a 1-year high of $531.79. The stock has a market capitalization of $11.33 billion, a PE ratio of 27.36, a PEG ratio of 1.66 and a beta of 1.25. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average price of $453.37 and a two-hundred day moving average price of $461.21.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share for the quarter, beating analysts’ consensus estimates of $4.23 by $0.39. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. The business had revenue of $412.12 million during the quarter, compared to analyst estimates of $418.32 million. As a group, equities analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were issued a $0.17 dividend. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, February 27th. This represents a $0.68 annualized dividend and a yield of 0.14%. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 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.