Caliber Wealth Management LLC KS Invests $321,000 in Kinsale Capital Group, Inc. (NYSE:KNSL)

Key Points

• Caliber Wealth Management LLC acquired a new stake in Kinsale Capital Group, purchasing 659 shares valued at approximately $321,000 in the first quarter of 2023.
• Analyst ratings for Kinsale Capital Group have varied, with Morgan Stanley raising their price target from $490.00 to $525.00 while Truist Financial decreased it from $525.00 to $500.00.
• Kinsale Capital Group reported $4.78 earnings per share for the last quarter, surpassing estimates, with revenues of $458.70 million—an increase of 22.2% compared to the same period last year.

Caliber Wealth Management LLC KS purchased a new stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 659 shares of the financial services provider's stock, valued at approximately $321,000.

Several other hedge funds also recently made changes to their positions in the company. Key Financial Inc raised its stake in shares of Kinsale Capital Group by 315.4% in the first quarter. Key Financial Inc now owns 54 shares of the financial services provider's stock worth $26,000 after purchasing an additional 41 shares during the last quarter. NBC Securities Inc. purchased a new position in shares of Kinsale Capital Group in the first quarter worth $35,000. von Borstel & Associates Inc. purchased a new position in shares of Kinsale Capital Group in the first quarter worth $42,000. Physician Wealth Advisors Inc. purchased a new position in shares of Kinsale Capital Group in the fourth quarter worth $49,000. Finally, Anderson Financial Strategies LLC purchased a new position in shares of Kinsale Capital Group in the fourth quarter worth $54,000. 85.36% of the stock is currently owned by institutional investors.

Insider Transactions at Kinsale Capital Group

In other Kinsale Capital Group 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 transaction of $659,856.00. Following the sale, the executive vice president directly owned 6,646 shares in the company, valued at $3,136,912. This represents a 17.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 5.50% of the stock is currently owned by company insiders.

Kinsale Capital Group Price Performance

Shares of NYSE KNSL traded down $5.21 during mid-day trading on Wednesday, reaching $445.14. The company's stock had a trading volume of 66,195 shares, compared to its average volume of 208,681. The firm has a market capitalization of $10.38 billion, a PE ratio of 23.21, a P/E/G ratio of 1.77 and a beta of 1.19. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.10 and a quick ratio of 0.10. The stock has a fifty day moving average of $473.56 and a two-hundred day moving average of $462.23. Kinsale Capital Group, Inc. has a 52 week low of $405.00 and a 52 week 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 EPS for the quarter, topping analysts' consensus estimates of $4.41 by $0.37. The company had revenue of $458.70 million for the quarter, compared to the consensus estimate of $436.25 million. Kinsale Capital Group had a return on equity of 25.93% and a net margin of 25.92%. The firm's revenue for the quarter was up 22.2% on a year-over-year basis. During the same period in the previous year, the business earned $3.75 earnings per share. As a group, sell-side analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 30th were given a $0.17 dividend. The ex-dividend date was Thursday, May 29th. This represents a dividend yield of 0.15%. Kinsale Capital Group's dividend payout ratio is currently 3.55%.

Analyst Ratings Changes

Several brokerages recently commented on KNSL. Morgan Stanley lifted their price objective on Kinsale Capital Group from $490.00 to $525.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. Bank of America began coverage on Kinsale Capital Group in a report on Friday, June 20th. They issued a "buy" rating and a $543.00 price objective for the company. BMO Capital Markets lifted their price objective on Kinsale Capital Group from $429.00 to $474.00 and gave the stock a "market perform" rating in a report on Tuesday. Compass Point lifted their price objective on Kinsale Capital Group from $432.00 to $490.00 and gave the stock a "neutral" rating in a report on Monday. Finally, JPMorgan Chase & Co. lifted their price objective on Kinsale Capital Group from $440.00 to $460.00 and gave the stock a "neutral" rating in a report on Monday. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $506.44.

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.