Envestnet Asset Management Inc. Grows Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Envestnet Asset Management Inc. boosted its stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 5.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 173,778 shares of the financial services provider's stock after acquiring an additional 8,372 shares during the quarter. Envestnet Asset Management Inc. owned about 0.75% of Kinsale Capital Group worth $84,580,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Kinsale Capital Group by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 2,113,683 shares of the financial services provider's stock valued at $983,137,000 after purchasing an additional 29,553 shares in the last quarter. Geode Capital Management LLC increased its position in Kinsale Capital Group by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 544,954 shares of the financial services provider's stock worth $254,441,000 after acquiring an additional 16,246 shares during the period. DAVENPORT & Co LLC lifted its holdings in shares of Kinsale Capital Group by 6.2% during the 1st 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 during the period. JPMorgan Chase & Co. grew its holdings in shares of Kinsale Capital Group by 6.0% in the 4th quarter. JPMorgan Chase & Co. now owns 329,595 shares of the financial services provider's stock worth $153,305,000 after purchasing an additional 18,661 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Kinsale Capital Group by 59,220.7% in the first quarter. GAMMA Investing LLC now owns 309,061 shares of the financial services provider's stock valued at $150,423,000 after buying an additional 308,540 shares in the last quarter. Institutional investors own 85.36% of the company's stock.

Kinsale Capital Group Trading Down 1.5%

KNSL traded down $7.48 during trading on Friday, hitting $481.67. The company's stock had a trading volume of 245,295 shares, compared to its average volume of 211,803. The firm has a market capitalization of $11.23 billion, a P/E ratio of 30.05, a PEG ratio of 1.81 and a beta of 1.19. Kinsale Capital Group, Inc. has a twelve month low of $366.92 and a twelve month high of $531.79. The stock's fifty day moving average price is $468.15 and its 200-day moving average price is $459.40. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.12.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The financial services provider reported $3.71 earnings per share 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.50 earnings per share. Analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Dividend Announcement

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

Insider Transactions at Kinsale Capital Group

In related news, EVP Diane D. Schnupp sold 1,398 shares of the company'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 transaction of $659,856.00. Following the sale, the executive vice president directly owned 6,646 shares in the company, valued at approximately $3,136,912. This represents a 17.38% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on KNSL shares. Bank of America initiated 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. Wall Street Zen raised shares of Kinsale Capital Group from a "sell" rating to a "hold" rating in a research report on Sunday, June 22nd. JPMorgan Chase & Co. dropped their price objective on shares of Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Truist Financial dropped their price target on Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Finally, Morgan Stanley increased their price target on 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 analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $491.88.

About Kinsale Capital Group

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.