Diversified Trust Co Acquires 612 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Diversified Trust Co grew its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 14.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,785 shares of the financial services provider's stock after purchasing an additional 612 shares during the quarter. Diversified Trust Co's holdings in Kinsale Capital Group were worth $2,329,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. NBC Securities Inc. purchased a new stake in shares of Kinsale Capital Group in the first quarter worth about $35,000. Larson Financial Group LLC lifted its holdings in shares of Kinsale Capital Group by 7,400.0% in the fourth quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider's stock worth $35,000 after buying an additional 74 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Kinsale Capital Group in the fourth quarter worth about $46,000. Physician Wealth Advisors Inc. purchased a new stake in shares of Kinsale Capital Group in the fourth quarter worth about $49,000. Finally, Anderson Financial Strategies LLC purchased a new stake in shares of Kinsale Capital Group in the fourth quarter worth about $54,000. Institutional investors own 85.36% of the company's stock.

Kinsale Capital Group Trading Down 0.7%

Shares of KNSL opened at $473.24 on Friday. The company has a market capitalization of $11.03 billion, a P/E ratio of 27.23, a P/E/G ratio of 1.77 and a beta of 1.20. Kinsale Capital Group, Inc. has a 1-year low of $366.92 and a 1-year high of $531.79. The firm's 50 day simple moving average is $463.42 and its 200 day simple moving average is $459.75. 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 (NYSE:KNSL - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $3.71 EPS for the quarter, topping the consensus estimate of $3.15 by $0.56. The firm had revenue of $423.40 million for the quarter, compared to the consensus estimate of $425.73 million. Kinsale Capital Group had a net margin of 24.73% and a return on equity of 26.36%. The business's revenue was up 7.9% compared to the same quarter last year. During the same period last year, the firm posted $3.50 earnings per share. Sell-side analysts forecast that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 30th were paid a dividend of $0.17 per share. This represents a dividend yield of 0.15%. The ex-dividend date was Thursday, May 29th. Kinsale Capital Group's dividend payout ratio (DPR) is presently 3.91%.

Insiders Place Their Bets

In other news, EVP Diane D. Schnupp sold 1,398 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were 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 in the company, valued at approximately $3,136,912. This trade represents a 17.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.50% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Kinsale Capital Group from a "sell" rating to a "hold" rating in a report on Sunday, June 22nd. Bank of America assumed coverage on shares of Kinsale Capital Group in a report on Friday, June 20th. They issued a "buy" rating and a $543.00 price target on the stock. Truist Financial lowered their price target on shares of Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating on the stock in a report on Monday, April 28th. JPMorgan Chase & Co. lowered their target price on shares of Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Finally, Morgan Stanley raised their target price on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $491.88.

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.

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