HighTower Advisors LLC Has $2.04 Million Stock Holdings in Kinsale Capital Group, Inc. $KNSL

Key Points

• HighTower Advisors LLC reduced its holdings in Kinsale Capital Group by 57.4%, leaving them with 4,183 shares worth approximately $2,036,000.
• Analysts have shown confidence in Kinsale Capital Group by raising price targets, with some firms recommending it as a buy and others setting a consensus target price of $505.80.
• The company announced a quarterly dividend of $0.17 per share, to be paid on September 11th, reflecting a dividend yield of 0.1%.

HighTower Advisors LLC lessened its position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 57.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,183 shares of the financial services provider's stock after selling 5,637 shares during the period. HighTower Advisors LLC's holdings in Kinsale Capital Group were worth $2,036,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of KNSL. Coldstream Capital Management Inc. increased its position in shares of Kinsale Capital Group by 1.7% in the fourth quarter. Coldstream Capital Management Inc. now owns 1,469 shares of the financial services provider's stock worth $683,000 after acquiring an additional 25 shares in the last quarter. Private Trust Co. NA increased its position in shares of Kinsale Capital Group by 2.1% in the first quarter. Private Trust Co. NA now owns 1,288 shares of the financial services provider's stock worth $627,000 after acquiring an additional 27 shares in the last quarter. Strategic Advisors LLC increased its position in shares of Kinsale Capital Group by 0.6% in the first quarter. Strategic Advisors LLC now owns 5,277 shares of the financial services provider's stock worth $2,568,000 after acquiring an additional 30 shares in the last quarter. Xponance Inc. increased its position in shares of Kinsale Capital Group by 0.7% in the first quarter. Xponance Inc. now owns 4,496 shares of the financial services provider's stock worth $2,188,000 after acquiring an additional 30 shares in the last quarter. Finally, Foster Dykema Cabot & Partners LLC increased its position in shares of Kinsale Capital Group by 2.6% in the first quarter. Foster Dykema Cabot & Partners LLC now owns 1,190 shares of the financial services provider's stock worth $579,000 after acquiring an additional 30 shares in the last quarter. Institutional investors and hedge funds own 85.36% of the company's stock.

Kinsale Capital Group Stock Performance

Kinsale Capital Group stock traded up $2.93 on Friday, hitting $458.42. The company's stock had a trading volume of 172,866 shares, compared to its average volume of 184,152. The firm has a market cap of $10.68 billion, a P/E ratio of 23.91, a price-to-earnings-growth ratio of 1.67 and a beta of 1.12. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.11. The company has a fifty day moving average price of $464.91 and a 200-day moving average price of $462.04. Kinsale Capital Group, Inc. has a one year low of $405.00 and a one year high of $531.79.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its earnings results on Thursday, July 24th. The financial services provider reported $4.78 earnings per share 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 business had revenue of $458.70 million for the quarter, compared to analyst estimates of $436.25 million. During the same quarter in the prior year, the firm earned $3.75 EPS. The firm's quarterly revenue was up 22.2% compared to the same quarter last year. On average, equities analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

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

Insider Transactions at Kinsale Capital Group

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 1,398 shares of the company'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 transaction, the executive vice president directly owned 6,646 shares in the company, valued at approximately $3,136,912. This represents a 17.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 5.50% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on KNSL. Cantor Fitzgerald upgraded shares of Kinsale Capital Group to a "hold" rating in a research note on Wednesday, August 13th. Morgan Stanley boosted 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. lifted their target price on shares of Kinsale Capital Group from $440.00 to $460.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Truist Financial lifted their target price on shares of Kinsale Capital Group from $500.00 to $560.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Finally, Bank of America began 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 on the stock. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $505.80.

Kinsale Capital Group 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.