Janney Montgomery Scott LLC Has $17.88 Million Stock Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Janney Montgomery Scott LLC boosted its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 3.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,736 shares of the financial services provider's stock after purchasing an additional 1,374 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.16% of Kinsale Capital Group worth $17,880,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KNSL. Rhumbline Advisers boosted its position in Kinsale Capital Group by 0.4% during the 4th quarter. Rhumbline Advisers now owns 67,092 shares of the financial services provider's stock valued at $31,206,000 after purchasing an additional 293 shares during the period. Allworth Financial LP boosted its position in Kinsale Capital Group by 450.0% during the 4th quarter. Allworth Financial LP now owns 88 shares of the financial services provider's stock worth $39,000 after acquiring an additional 72 shares during the period. Americana Partners LLC boosted its position in Kinsale Capital Group by 6.3% during the 4th quarter. Americana Partners LLC now owns 850 shares of the financial services provider's stock worth $395,000 after acquiring an additional 50 shares during the period. CIBC Asset Management Inc boosted its position in Kinsale Capital Group by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 716 shares of the financial services provider's stock worth $333,000 after acquiring an additional 36 shares during the period. Finally, Kestra Investment Management LLC boosted its position in Kinsale Capital Group by 42.0% during the 4th quarter. Kestra Investment Management LLC now owns 1,902 shares of the financial services provider's stock worth $885,000 after acquiring an additional 563 shares during the period. Institutional investors and hedge funds own 85.36% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KNSL. Wall Street Zen upgraded Kinsale Capital Group from a "sell" rating to a "hold" rating in a research report on Sunday. Truist Financial reduced their price target on 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. Bank of America began coverage on Kinsale Capital Group in a research report on Friday. They set a "buy" rating and a $543.00 price target for the company. JPMorgan Chase & Co. reduced their price target on 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, Morgan Stanley boosted their price target on Kinsale Capital Group from $490.00 to $525.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Kinsale Capital Group has a consensus rating of "Hold" and a consensus price target of $491.88.

Kinsale Capital Group Price Performance

Shares of KNSL traded up $14.81 during midday trading on Friday, reaching $475.68. The stock had a trading volume of 234,876 shares, compared to its average volume of 175,853. Kinsale Capital Group, Inc. has a 52 week low of $366.92 and a 52 week high of $531.79. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.11 and a quick ratio of 0.11. The firm's 50 day moving average price is $464.49 and its 200-day moving average price is $460.69. The company has a market capitalization of $11.09 billion, a P/E ratio of 27.37, a P/E/G ratio of 1.80 and a beta of 1.20.

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

Kinsale Capital Group Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, June 12th. Stockholders of record on Friday, May 30th were given a dividend of $0.17 per share. 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 presently 3.91%.

Insider Transactions at Kinsale Capital Group

In other news, EVP Diane D. Schnupp sold 1,398 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $472.00, for a total transaction of $659,856.00. Following the sale, the executive vice president now directly owns 6,646 shares of the company's stock, valued at $3,136,912. The trade was a 17.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.50% of the stock is owned by 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.