Kinsale Capital Group, Inc. $KNSL Shares Bought by CW Advisors LLC

Key Points

• CW Advisors LLC increased its stake in Kinsale Capital Group by 9.5% in Q1, owning a total of 10,476 shares valued at approximately $5.1 million.
• Analysts have upgraded Kinsale Capital Group's ratings, with a consensus rating of "Hold" and an average price target of $505.80.
• Kinsale Capital Group reported $4.78 earnings per share in its last quarter, surpassing analysts' expectations and showing a year-over-year revenue growth of 22.2%.

CW Advisors LLC grew its stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 9.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,476 shares of the financial services provider's stock after purchasing an additional 911 shares during the quarter. CW Advisors LLC's holdings in Kinsale Capital Group were worth $5,099,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Erste Asset Management GmbH grew its position in shares of Kinsale Capital Group by 1.6% in the first quarter. Erste Asset Management GmbH now owns 45,727 shares of the financial services provider's stock valued at $22,229,000 after purchasing an additional 733 shares during the period. Giverny Capital Inc. grew its position in shares of Kinsale Capital Group by 87.3% in the first quarter. Giverny Capital Inc. now owns 169,967 shares of the financial services provider's stock valued at $82,725,000 after purchasing an additional 79,208 shares during the period. Northern Trust Corp grew its position in shares of Kinsale Capital Group by 3.0% in the first quarter. Northern Trust Corp now owns 223,116 shares of the financial services provider's stock valued at $108,593,000 after purchasing an additional 6,500 shares during the period. Cresset Asset Management LLC grew its position in shares of Kinsale Capital Group by 13.1% in the first quarter. Cresset Asset Management LLC now owns 2,310 shares of the financial services provider's stock valued at $1,124,000 after purchasing an additional 268 shares during the period. Finally, Alliance Wealth Advisors LLC UT grew its position in shares of Kinsale Capital Group by 53.6% in the first quarter. Alliance Wealth Advisors LLC UT now owns 1,981 shares of the financial services provider's stock valued at $964,000 after purchasing an additional 691 shares during the period. Institutional investors and hedge funds own 85.36% of the company's stock.

Kinsale Capital Group Trading Up 0.8%

Shares of Kinsale Capital Group stock traded up $3.53 on Friday, reaching $458.85. The company had a trading volume of 31,123 shares, compared to its average volume of 205,296. 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 firm has a market cap of $10.69 billion, a PE ratio of 23.94, a PEG ratio of 1.67 and a beta of 1.12. The firm's 50 day moving average price is $465.25 and its two-hundred day moving average price is $462.18. Kinsale Capital Group, Inc. has a 52-week low of $405.00 and a 52-week high of $531.79.

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

Kinsale Capital Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be issued a $0.17 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.1%. Kinsale Capital Group's payout ratio is 3.55%.

Insider Buying and Selling at Kinsale Capital Group

In related news, EVP Diane D. Schnupp sold 1,398 shares of Kinsale Capital Group 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 transaction, the executive vice president owned 6,646 shares in the company, valued at approximately $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 SEC, which is accessible through this hyperlink. Company insiders own 5.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on KNSL shares. Bank of America started coverage on shares of Kinsale Capital Group in a research note on Friday, June 20th. They issued a "buy" rating and a $543.00 price target on the stock. Truist Financial raised their price target on shares of Kinsale Capital Group from $500.00 to $560.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Cantor Fitzgerald raised shares of Kinsale Capital Group to a "hold" rating in a research note on Wednesday, August 13th. JPMorgan Chase & Co. raised their price target on shares of Kinsale Capital Group from $440.00 to $460.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Finally, Wall Street Zen raised shares of Kinsale Capital Group from a "sell" rating to a "hold" rating in a research note on Sunday, June 22nd. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $505.80.

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.