Wealth Enhancement Advisory Services LLC Has $1.02 Million Stock Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Wealth Enhancement Advisory Services LLC grew its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 7.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,195 shares of the financial services provider’s stock after acquiring an additional 157 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Kinsale Capital Group were worth $1,022,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in KNSL. ORG Wealth Partners LLC acquired a new stake in Kinsale Capital Group during the 3rd quarter worth approximately $26,000. UMB Bank n.a. lifted its holdings in shares of Kinsale Capital Group by 408.3% during the third quarter. UMB Bank n.a. now owns 61 shares of the financial services provider’s stock worth $28,000 after buying an additional 49 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Kinsale Capital Group by 68.9% during the third quarter. Signaturefd LLC now owns 103 shares of the financial services provider’s stock worth $48,000 after buying an additional 42 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its position in shares of Kinsale Capital Group by 225.7% in the third quarter. Massmutual Trust Co. FSB ADV now owns 114 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 79 shares during the period. Finally, American National Bank & Trust acquired a new position in shares of Kinsale Capital Group in the third quarter valued at about $55,000. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Price Performance

Shares of KNSL stock opened at $434.58 on Thursday. Kinsale Capital Group, Inc. has a twelve month low of $355.12 and a twelve month high of $548.47. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $474.12 and a 200 day simple moving average of $456.01. The company has a market cap of $10.12 billion, a P/E ratio of 24.78, a P/E/G ratio of 2.16 and a beta of 1.16.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share for the quarter, beating analysts’ consensus estimates of $3.60 by $0.60. The company had revenue of $418.06 million for the quarter, compared to the consensus estimate of $359.43 million. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. The firm’s quarterly revenue was up 33.0% compared to the same quarter last year. During the same period last year, the company posted $3.31 EPS. On average, sell-side analysts forecast that Kinsale Capital Group, Inc. will post 15.61 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, November 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.14%. Kinsale Capital Group’s payout ratio is presently 3.42%.

Insider Transactions at Kinsale Capital Group

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $510.00, for a total transaction of $255,000.00. Following the sale, the executive vice president now directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frederick L. Jr. Russell sold 4,440 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $499.31, for a total transaction of $2,216,936.40. Following the completion of the transaction, the director now owns 447 shares of the company’s stock, valued at approximately $223,191.57. This trade represents a 90.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,235 shares of company stock worth $3,618,954. Corporate insiders own 5.60% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on KNSL. Wolfe Research upgraded shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price objective for the company in a research note on Monday, October 28th. Truist Financial dropped their price target on shares of Kinsale Capital Group from $500.00 to $480.00 and set a “buy” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. reduced their price target on Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Royal Bank of Canada dropped their price objective on Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating for the company in a report on Monday, October 28th. Finally, BMO Capital Markets increased their target price on Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a report on Thursday, November 21st. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Kinsale Capital Group presently has a consensus rating of “Hold” and a consensus target price of $468.89.

Kinsale Capital Group Company 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.