Diversify Advisory Services LLC Buys New Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Diversify Advisory Services LLC bought a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 606 shares of the financial services provider's stock, valued at approximately $295,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Forum Financial Management LP bought a new position in shares of Kinsale Capital Group during the 1st quarter worth approximately $201,000. Verdence Capital Advisors LLC boosted its stake in Kinsale Capital Group by 34.4% in the 1st quarter. Verdence Capital Advisors LLC now owns 1,285 shares of the financial services provider's stock valued at $625,000 after purchasing an additional 329 shares during the period. Jacobson & Schmitt Advisors LLC boosted its stake in Kinsale Capital Group by 1.2% in the 1st quarter. Jacobson & Schmitt Advisors LLC now owns 36,194 shares of the financial services provider's stock valued at $17,616,000 after purchasing an additional 420 shares during the period. PAX Financial Group LLC boosted its stake in Kinsale Capital Group by 12.1% in the 1st quarter. PAX Financial Group LLC now owns 1,190 shares of the financial services provider's stock valued at $579,000 after purchasing an additional 128 shares during the period. Finally, Wealthfront Advisers LLC boosted its stake in Kinsale Capital Group by 12.3% in the 1st quarter. Wealthfront Advisers LLC now owns 520 shares of the financial services provider's stock valued at $253,000 after purchasing an additional 57 shares during the period. Institutional investors and hedge funds own 85.36% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on KNSL shares. 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 report on Monday, May 19th. Truist Financial reduced their price objective 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 upgraded Kinsale Capital Group from a "sell" rating to a "hold" rating in a research report on Sunday, June 22nd. JPMorgan Chase & Co. reduced their price target 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. Finally, Bank of America began coverage on Kinsale Capital Group in a research report on Friday, June 20th. They issued a "buy" rating and a $543.00 price target on the stock. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $491.88.

Kinsale Capital Group Trading Down 0.7%

NYSE:KNSL opened at $476.61 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.11 and a quick ratio of 0.11. The firm has a market capitalization of $11.11 billion, a price-to-earnings ratio of 27.42, a price-to-earnings-growth ratio of 1.78 and a beta of 1.19. Kinsale Capital Group, Inc. has a one year low of $366.92 and a one year high of $531.79. The business has a fifty day moving average price of $471.44 and a 200-day moving average price of $459.99.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $3.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.15 by $0.56. The business had revenue of $423.40 million during the quarter, compared to analyst estimates of $425.73 million. Kinsale Capital Group had a return on equity of 26.36% and a net margin of 24.73%. Kinsale Capital Group's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.50 EPS. Sell-side 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 dividend, which was paid on Thursday, June 12th. Stockholders 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 is presently 3.91%.

Insider Buying and Selling at Kinsale Capital Group

In related news, EVP Diane D. Schnupp sold 1,398 shares of the business'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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 5.50% of the company's stock.

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.

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