Inspire Advisors LLC Invests $829,000 in Kinsale Capital Group, Inc. (NYSE:KNSL)

Key Points

• Inspire Advisors LLC has acquired a new stake in Kinsale Capital Group, purchasing 1,702 shares valued at approximately $829,000 in the first quarter of the year.
• Kinsale Capital Group has been positively rated by several analysts, with Morgan Stanley raising their price target from $490 to $525 and the stock receiving a consensus rating of "Hold."
• The company's latest earnings report indicated a quarterly EPS of $4.78, surpassing expectations, and revenue increased by 22.2% year-over-year, totaling $458.70 million.

Inspire Advisors LLC 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 & Exchange Commission. The firm acquired 1,702 shares of the financial services provider's stock, valued at approximately $829,000.

Several other institutional investors also recently bought and sold shares of KNSL. GAMMA Investing LLC lifted its stake in shares of Kinsale Capital Group by 59,220.7% during the first quarter. GAMMA Investing LLC now owns 309,061 shares of the financial services provider's stock worth $150,423,000 after buying an additional 308,540 shares during the period. Norges Bank acquired a new position in shares of Kinsale Capital Group in the fourth quarter worth about $89,200,000. Alliancebernstein L.P. increased its stake in shares of Kinsale Capital Group by 486.3% during the fourth quarter. Alliancebernstein L.P. now owns 214,045 shares of the financial services provider's stock worth $99,559,000 after purchasing an additional 177,540 shares in the last quarter. Madison Asset Management LLC purchased a new stake in shares of Kinsale Capital Group during the first quarter worth about $76,235,000. Finally, GW&K Investment Management LLC increased its stake in shares of Kinsale Capital Group by 46.6% during the first quarter. GW&K Investment Management LLC now owns 166,866 shares of the financial services provider's stock worth $81,215,000 after purchasing an additional 53,064 shares in the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Truist Financial upped their price objective on shares of Kinsale Capital Group from $500.00 to $560.00 and gave the company a "buy" rating in a research note on Monday. Compass Point upped their price objective on shares of Kinsale Capital Group from $432.00 to $490.00 and gave the stock a "neutral" rating in a report on Monday. Bank of America initiated coverage on shares of Kinsale Capital Group in a research note on Friday, June 20th. They set a "buy" rating and a $543.00 target price on the stock. Morgan Stanley increased 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. Finally, BMO Capital Markets increased their price objective on shares of Kinsale Capital Group from $429.00 to $474.00 and gave the company a "market perform" rating in a research report on Tuesday. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Kinsale Capital Group currently has an average rating of "Hold" and a consensus price target of $506.44.

Insider Activity at Kinsale Capital Group

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 1,398 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $472.00, for a total transaction of $659,856.00. Following the completion of the transaction, the executive vice president directly owned 6,646 shares in the company, valued at approximately $3,136,912. This trade represents a 17.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.50% of the stock is owned by company insiders.

Kinsale Capital Group Stock Performance

NYSE:KNSL traded down $2.25 during trading hours on Thursday, reaching $442.36. 51,961 shares of the company's stock were exchanged, compared to its average volume of 208,701. The firm has a market capitalization of $10.31 billion, a price-to-earnings ratio of 23.08, a P/E/G ratio of 1.68 and a beta of 1.19. The company has a 50-day moving average of $473.13 and a 200 day moving average of $462.10. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.11. Kinsale Capital Group, Inc. has a 1-year low of $405.00 and a 1-year high of $531.79.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its earnings results on Thursday, July 24th. The financial services provider reported $4.78 EPS for the quarter, topping the consensus estimate of $4.41 by $0.37. Kinsale Capital Group had a net margin of 25.92% and a return on equity of 25.93%. The company had revenue of $458.70 million during the quarter, compared to analysts' expectations of $436.25 million. During the same quarter last year, the business earned $3.75 EPS. The business's revenue was up 22.2% on a year-over-year basis. Research 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 paid 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 3.55%.

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.