Wilkinson Global Asset Management LLC Has $21.50 Million Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Wilkinson Global Asset Management LLC boosted its position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 9.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 44,172 shares of the financial services provider's stock after purchasing an additional 3,770 shares during the quarter. Kinsale Capital Group comprises 1.3% of Wilkinson Global Asset Management LLC's holdings, making the stock its 25th biggest position. Wilkinson Global Asset Management LLC owned approximately 0.19% of Kinsale Capital Group worth $21,499,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. NBC Securities Inc. bought a new position in Kinsale Capital Group during the 1st quarter valued at $35,000. von Borstel & Associates Inc. bought a new stake in shares of Kinsale Capital Group in the 1st quarter worth approximately $42,000. Physician Wealth Advisors Inc. acquired a new stake in Kinsale Capital Group during the fourth quarter valued at approximately $49,000. Anderson Financial Strategies LLC bought a new stake in Kinsale Capital Group during the fourth quarter worth approximately $54,000. Finally, Creative Financial Designs Inc. ADV grew its position in Kinsale Capital Group by 141.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 176 shares of the financial services provider's stock worth $82,000 after buying an additional 103 shares during the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kinsale Capital Group

In other Kinsale Capital Group 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 sale, the executive vice president directly owned 6,646 shares in the company, valued at $3,136,912. The trade was a 17.38% decrease in their ownership of the stock. The transaction 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.

Kinsale Capital Group Stock Down 1.5%

KNSL traded down $7.48 on Friday, reaching $481.67. 245,295 shares of the company traded hands, compared to its average volume of 181,507. The company has a market cap of $11.23 billion, a price-to-earnings ratio of 27.71, a PEG ratio of 1.78 and a beta of 1.19. 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 stock's 50 day moving average price is $468.84 and its 200-day moving average price is $459.39. Kinsale Capital Group, Inc. has a 52-week low of $366.92 and a 52-week high of $531.79.

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

Kinsale Capital Group Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wall Street Zen raised Kinsale Capital Group from a "sell" rating to a "hold" rating in a research note on Sunday, June 22nd. JPMorgan Chase & Co. cut their price objective on Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. 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. Bank of America assumed coverage on shares of Kinsale Capital Group in a research report on Friday, June 20th. They issued a "buy" rating and a $543.00 price target for the company. Finally, Morgan Stanley lifted their price objective 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. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $491.88.

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.