Alliance Wealth Advisors LLC UT Has $964,000 Stake in Kinsale Capital Group, Inc. $KNSL

Key Points

• Alliance Wealth Advisors LLC UT increased its stake in Kinsale Capital Group by 53.6% in the first quarter, now owning 1,981 shares valued at approximately $964,000.
• Several institutional investors, including Dimensional Fund Advisors and Nations Financial Group, also bolstered their positions in Kinsale Capital, with institutional ownership now at 85.36%.
• Kinsale Capital reported a 22.2% year-over-year revenue growth, with recent quarterly earnings of $4.78 per share exceeding estimates by $0.37.

Alliance Wealth Advisors LLC UT lifted its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 53.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,981 shares of the financial services provider's stock after acquiring an additional 691 shares during the quarter. Alliance Wealth Advisors LLC UT's holdings in Kinsale Capital Group were worth $964,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in KNSL. Raymond James Financial Inc. bought a new stake in shares of Kinsale Capital Group during the 4th quarter worth about $18,323,000. Barclays PLC boosted its stake in shares of Kinsale Capital Group by 58.2% during the 4th quarter. Barclays PLC now owns 18,629 shares of the financial services provider's stock worth $8,666,000 after acquiring an additional 6,857 shares in the last quarter. Mariner LLC boosted its stake in shares of Kinsale Capital Group by 3.6% during the 4th quarter. Mariner LLC now owns 3,143 shares of the financial services provider's stock worth $1,462,000 after acquiring an additional 110 shares in the last quarter. Jump Financial LLC bought a new stake in shares of Kinsale Capital Group during the 4th quarter worth about $3,454,000. Finally, PEAK6 LLC bought a new stake in shares of Kinsale Capital Group during the 4th quarter worth about $212,000. Institutional investors own 85.36% of the company's stock.

Kinsale Capital Group Stock Performance

Shares of KNSL stock traded up $5.3790 during mid-day trading on Wednesday, reaching $467.2290. The stock had a trading volume of 104,116 shares, compared to its average volume of 207,093. The firm's 50 day simple moving average is $466.69 and its 200 day simple moving average is $463.07. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.11. Kinsale Capital Group, Inc. has a one year low of $405.00 and a one year high of $531.79. The firm has a market cap of $10.89 billion, a PE ratio of 24.37, a P/E/G ratio of 1.64 and a beta of 1.12.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The financial services provider reported $4.78 EPS for the quarter, topping analysts' consensus estimates of $4.41 by $0.37. Kinsale Capital Group had a return on equity of 25.93% and a net margin of 25.92%.The company had revenue of $458.70 million during the quarter, compared to the consensus estimate of $436.25 million. During the same quarter last year, the company earned $3.75 EPS. The company's quarterly revenue was up 22.2% on a year-over-year basis. On average, analysts forecast that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.1%. Kinsale Capital Group's dividend payout ratio is 3.55%.

Insider Buying and Selling

In related news, EVP Diane D. Schnupp sold 1,398 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $472.00, for a total value of $659,856.00. Following the sale, the executive vice president owned 6,646 shares of the company's stock, valued at $3,136,912. The trade was a 17.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Cantor Fitzgerald upgraded Kinsale Capital Group to a "hold" rating in a research note on Wednesday, August 13th. BMO Capital Markets raised their target price on Kinsale Capital Group from $429.00 to $474.00 and gave the company a "market perform" rating in a report on Tuesday, July 29th. Truist Financial raised their target price on Kinsale Capital Group from $500.00 to $560.00 and gave the company a "buy" rating in a report on Monday, July 28th. JPMorgan Chase & Co. raised their target price on Kinsale Capital Group from $440.00 to $460.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Finally, Morgan Stanley raised their target price on Kinsale Capital Group from $490.00 to $525.00 and gave the company an "overweight" rating in a report on Monday, May 19th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $505.80.

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.