Alliance Wealth Advisors LLC UT Purchases 691 Shares of 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 boosted its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 53.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,981 shares of the financial services provider's stock after purchasing 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 SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. DAVENPORT & Co LLC boosted its holdings in Kinsale Capital Group by 6.2% in the first quarter. DAVENPORT & Co LLC now owns 543,349 shares of the financial services provider's stock worth $263,233,000 after acquiring an additional 31,480 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Kinsale Capital Group by 39.8% during the 1st quarter. JPMorgan Chase & Co. now owns 460,651 shares of the financial services provider's stock worth $224,204,000 after purchasing an additional 131,056 shares during the period. Geneva Capital Management LLC lifted its stake in Kinsale Capital Group by 0.6% during the 1st quarter. Geneva Capital Management LLC now owns 405,363 shares of the financial services provider's stock worth $197,294,000 after acquiring an additional 2,449 shares in the last quarter. GAMMA Investing LLC raised its position in Kinsale Capital Group by 59,220.7% in the 1st quarter. GAMMA Investing LLC now owns 309,061 shares of the financial services provider's stock valued at $150,423,000 after purchasing an additional 308,540 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Kinsale Capital Group by 13.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 225,186 shares of the financial services provider's stock worth $109,589,000 after buying an additional 26,282 shares during the last quarter. 85.36% of the stock is currently owned by institutional investors.

Insider Activity at Kinsale Capital Group

In other news, EVP Diane D. Schnupp sold 1,398 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $472.00, for a total transaction of $659,856.00. Following the completion of the sale, the executive vice president directly owned 6,646 shares of the company's stock, valued at $3,136,912. The trade was a 17.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.50% of the stock is currently owned by insiders.

Kinsale Capital Group Price Performance

NYSE:KNSL traded down $2.59 during mid-day trading on Thursday, reaching $465.62. The stock had a trading volume of 46,468 shares, compared to its average volume of 206,422. The stock has a 50-day simple moving average of $466.85 and a two-hundred day simple moving average of $463.10. The stock has a market capitalization of $10.85 billion, a PE ratio of 24.29, a P/E/G ratio of 1.70 and a beta of 1.12. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.10 and a quick ratio of 0.10. Kinsale Capital Group, Inc. has a 12 month low of $405.00 and a 12 month high of $531.79.

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

Kinsale Capital Group Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have commented on KNSL. Cantor Fitzgerald upgraded Kinsale Capital Group to a "hold" rating in a research report on Wednesday, August 13th. BMO Capital Markets increased their target price on Kinsale Capital Group from $429.00 to $474.00 and gave the company a "market perform" rating in a research note on Tuesday, July 29th. Morgan Stanley increased their target price on Kinsale Capital Group from $490.00 to $525.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. Compass Point raised their price target on Kinsale Capital Group from $432.00 to $490.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Finally, 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 research report on Monday, July 28th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, Kinsale Capital Group presently has an average rating of "Hold" and an average target price of $505.80.

Kinsale Capital Group 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.