Alta Capital Management LLC Has $18.26 Million Stake in Kinsale Capital Group, Inc. (NYSE:KNSL)

Alta Capital Management LLC decreased its position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 4.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,519 shares of the financial services provider's stock after selling 1,720 shares during the quarter. Kinsale Capital Group accounts for approximately 1.2% of Alta Capital Management LLC's holdings, making the stock its 29th largest holding. Alta Capital Management LLC owned 0.16% of Kinsale Capital Group worth $18,261,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of KNSL. Allworth Financial LP increased its position in shares of Kinsale Capital Group by 450.0% in the fourth quarter. Allworth Financial LP now owns 88 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 72 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of Kinsale Capital Group by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 716 shares of the financial services provider's stock valued at $333,000 after acquiring an additional 36 shares during the last quarter. Bank of Jackson Hole Trust acquired a new stake in shares of Kinsale Capital Group in the fourth quarter valued at about $31,000. Private Advisor Group LLC increased its position in shares of Kinsale Capital Group by 77.6% in the fourth quarter. Private Advisor Group LLC now owns 1,037 shares of the financial services provider's stock valued at $482,000 after acquiring an additional 453 shares during the last quarter. Finally, Cumberland Partners Ltd increased its position in shares of Kinsale Capital Group by 80.0% in the fourth quarter. Cumberland Partners Ltd now owns 4,500 shares of the financial services provider's stock valued at $2,093,000 after acquiring an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 85.36% of the company's stock.

Insider Activity

In other news, EVP Diane D. Schnupp sold 1,398 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president now owns 6,646 shares of the company's stock, valued at approximately $3,136,912. This represents a 17.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.50% of the stock is owned by company insiders.

Kinsale Capital Group Stock Performance

NYSE KNSL traded up $3.39 during trading on Monday, reaching $479.46. 188,319 shares of the company's stock were exchanged, compared to its average volume of 175,903. The business has a 50 day moving average price of $464.38 and a 200-day moving average price of $460.11. The stock has a market capitalization of $11.18 billion, a P/E ratio of 27.59, a PEG ratio of 1.80 and a beta of 1.20. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.11 and a quick ratio of 0.11. Kinsale Capital Group, Inc. has a fifty-two week low of $366.92 and a fifty-two week high of $531.79.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its earnings results on Thursday, April 24th. The financial services provider reported $3.71 EPS for the quarter, beating the consensus estimate of $3.15 by $0.56. Kinsale Capital Group had a return on equity of 26.36% and a net margin of 24.73%. The company had revenue of $423.40 million for the quarter, compared to the consensus estimate of $425.73 million. During the same quarter in the prior year, the business earned $3.50 earnings per share. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. Sell-side analysts forecast that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, June 12th. Stockholders of record on Friday, May 30th were given a $0.17 dividend. This represents a dividend yield of 0.15%. The ex-dividend date of this dividend was Thursday, May 29th. Kinsale Capital Group's payout ratio is 3.91%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on KNSL. Truist Financial lowered their target price on Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Wall Street Zen raised Kinsale Capital Group from a "sell" rating to a "hold" rating in a research report on Sunday. JPMorgan Chase & Co. lowered their target price on Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Morgan Stanley boosted their price target on Kinsale Capital Group from $490.00 to $525.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. Finally, Bank of America started coverage on Kinsale Capital Group in a research report on Friday. They set a "buy" rating and a $543.00 price target on the stock. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $491.88.

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.