Greenleaf Trust Takes $2.17 Million Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Greenleaf Trust acquired a new stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,451 shares of the financial services provider's stock, valued at approximately $2,166,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Larson Financial Group LLC increased its holdings in shares of Kinsale Capital Group by 7,400.0% in the 4th quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider's stock worth $35,000 after acquiring an additional 74 shares during the period. NBC Securities Inc. bought a new position in Kinsale Capital Group in the 1st quarter valued at about $35,000. von Borstel & Associates Inc. bought a new position in Kinsale Capital Group in the 1st quarter valued at about $42,000. Physician Wealth Advisors Inc. bought a new position in Kinsale Capital Group in the 4th quarter valued at about $49,000. Finally, Anderson Financial Strategies LLC bought a new position in Kinsale Capital Group in the 4th quarter valued at about $54,000. 85.36% of the stock is owned by institutional investors and hedge funds.

Kinsale Capital Group Trading Down 0.4%

Shares of KNSL traded down $2.08 during midday trading on Friday, hitting $487.07. The stock had a trading volume of 64,613 shares, compared to its average volume of 180,557. Kinsale Capital Group, Inc. has a fifty-two week low of $366.92 and a fifty-two week high of $531.79. The business has a 50-day simple moving average of $468.15 and a two-hundred day simple moving average of $459.40. The firm has a market cap of $11.35 billion, a P/E ratio of 28.03, a price-to-earnings-growth ratio of 1.81 and a beta of 1.19. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.12.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced its 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. Kinsale Capital Group had a net margin of 24.73% and a return on equity of 26.36%. The company had revenue of $423.40 million during the quarter, compared to analysts' expectations of $425.73 million. During the same period last year, the company posted $3.50 earnings per share. The business's revenue for the quarter was up 7.9% on a year-over-year basis. As a group, equities 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 given a $0.17 dividend. 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 3.91%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, EVP Diane D. Schnupp sold 1,398 shares of the 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 sale, the executive vice president directly owned 6,646 shares of the company's stock, valued at $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 Securities & Exchange Commission, which can be accessed through this link. 5.50% of the stock is owned by company insiders.

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.