Fiduciary Family Office LLC Makes New Investment in Kinsale Capital Group, Inc. (NYSE:KNSL)

Key Points

• Fiduciary Family Office LLC has acquired a new stake in Kinsale Capital Group, purchasing 653 shares valued at approximately $318,000 during the first quarter.
• Kinsale Capital Group’s latest earnings report showed $4.78 earnings per share, exceeding analyst expectations and indicating a 22.2% increase in quarterly revenue year-over-year.
• The company declared a dividend payout of $0.17 per share, representing a yield of 15.0%, and has a dividend payout ratio of 3.55%.

Fiduciary Family Office LLC purchased a new position 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 purchased 653 shares of the financial services provider's stock, valued at approximately $318,000.

A number of other institutional investors have also recently bought and sold shares of KNSL. Key Financial Inc boosted its position in Kinsale Capital Group by 315.4% during the 1st quarter. Key Financial Inc now owns 54 shares of the financial services provider's stock worth $26,000 after acquiring an additional 41 shares during the period. N.E.W. Advisory Services LLC acquired a new stake in Kinsale Capital Group during the 1st quarter worth about $31,000. NBC Securities Inc. acquired a new stake in Kinsale Capital Group during the 1st quarter worth about $35,000. von Borstel & Associates Inc. acquired a new stake in Kinsale Capital Group during the 1st quarter worth about $42,000. Finally, Anderson Financial Strategies LLC acquired a new stake in Kinsale Capital Group during the 4th quarter worth about $54,000. Hedge funds and other institutional investors own 85.36% of the company's stock.

Insider Buying and Selling

In related news, EVP Diane D. Schnupp sold 1,398 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $472.00, for a total value of $659,856.00. Following the completion of the sale, the executive vice president owned 6,646 shares in the company, 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 SEC, which can be accessed through this link. Corporate insiders own 5.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KNSL. Compass Point raised their price objective on Kinsale Capital Group from $432.00 to $490.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Truist Financial lifted their price target on Kinsale Capital Group from $500.00 to $560.00 and gave the company a "buy" rating in a report on Monday, July 28th. Bank of America began coverage on Kinsale Capital Group in a report on Friday, June 20th. They set a "buy" rating and a $543.00 price target for the company. Cantor Fitzgerald upgraded Kinsale Capital Group to a "hold" rating in a report on Wednesday. Finally, JPMorgan Chase & Co. lifted their price target on Kinsale Capital Group from $440.00 to $460.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Kinsale Capital Group has an average rating of "Hold" and a consensus price target of $505.80.

Kinsale Capital Group Price Performance

Kinsale Capital Group stock traded up $1.97 on Thursday, reaching $453.98. The company's stock had a trading volume of 229,031 shares, compared to its average volume of 204,253. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.10 and a current ratio of 0.10. The company has a market cap of $10.58 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 1.67 and a beta of 1.12. The business's fifty day moving average price is $467.69 and its 200 day moving average price is $462.77. Kinsale Capital Group, Inc. has a twelve month low of $405.00 and a twelve month high of $531.79.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The financial services provider reported $4.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.41 by $0.37. Kinsale Capital Group had a return on equity of 25.93% and a net margin of 25.92%. The business had revenue of $458.70 million for the quarter, compared to analyst estimates of $436.25 million. During the same quarter in the prior year, the firm posted $3.75 earnings per share. The firm's revenue for the quarter was up 22.2% compared to the same quarter last year. Equities analysts expect that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 30th were issued a $0.17 dividend. This represents a yield of 15.0%. The ex-dividend date was Thursday, May 29th. Kinsale Capital Group's dividend payout ratio is currently 3.55%.

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.