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) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,451 shares of the financial services provider's stock, valued at approximately $2,166,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in KNSL. Jones Financial Companies Lllp boosted its holdings in shares of Kinsale Capital Group by 88.5% in the fourth quarter. Jones Financial Companies Lllp now owns 543 shares of the financial services provider's stock worth $253,000 after buying an additional 255 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Kinsale Capital Group by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 152,445 shares of the financial services provider's stock worth $70,907,000 after buying an additional 3,970 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Kinsale Capital Group by 1.3% in the fourth quarter. Victory Capital Management Inc. now owns 9,561 shares of the financial services provider's stock worth $4,447,000 after buying an additional 121 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Kinsale Capital Group in the fourth quarter worth about $22,933,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Kinsale Capital Group in the fourth quarter worth about $18,323,000. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related 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 transaction of $659,856.00. Following the transaction, the executive vice president owned 6,646 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.50% of the company's stock.

Wall Street Analyst Weigh In

KNSL has been the subject of several recent analyst reports. Bank of America initiated coverage on shares of Kinsale Capital Group in a report on Friday, June 20th. They issued a "buy" rating and a $543.00 target price for the company. 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 report on Monday, April 28th. Morgan Stanley increased their price target on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. JPMorgan Chase & Co. reduced their price target 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. Finally, 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. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $491.88.

Kinsale Capital Group Price Performance

Shares of KNSL opened at $487.46 on Thursday. The firm has a market cap of $11.36 billion, a PE ratio of 28.05, a PEG ratio of 1.80 and a beta of 1.19. The firm's 50 day moving average price is $466.91 and its 200 day moving average price is $459.23. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.11 and a current ratio of 0.11. Kinsale Capital Group, Inc. has a twelve month low of $366.92 and a twelve month high of $531.79.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $3.71 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.56. The firm had revenue of $423.40 million for the quarter, compared to analyst estimates of $425.73 million. Kinsale Capital Group had a net margin of 24.73% and a return on equity of 26.36%. The company's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.50 earnings per share. As a group, research analysts expect that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

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

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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