Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC boosted its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 30.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,842 shares of the financial services provider's stock after purchasing an additional 670 shares during the period. Venturi Wealth Management LLC's holdings in Kinsale Capital Group were worth $1,383,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Cambridge Investment Research Advisors Inc. raised its position in Kinsale Capital Group by 10.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,614 shares of the financial services provider's stock worth $1,272,000 after purchasing an additional 254 shares in the last quarter. Bridges Investment Management Inc. boosted its stake in Kinsale Capital Group by 111.5% in the first quarter. Bridges Investment Management Inc. now owns 5,026 shares of the financial services provider's stock valued at $2,446,000 after acquiring an additional 2,650 shares during the last quarter. M&T Bank Corp raised its holdings in Kinsale Capital Group by 43.4% in the first quarter. M&T Bank Corp now owns 3,672 shares of the financial services provider's stock worth $1,787,000 after purchasing an additional 1,111 shares during the period. Artemis Investment Management LLP raised its stake in Kinsale Capital Group by 43.9% during the 1st quarter. Artemis Investment Management LLP now owns 80,924 shares of the financial services provider's stock worth $39,387,000 after buying an additional 24,681 shares during the period. Finally, Moody Aldrich Partners LLC acquired a new stake in shares of Kinsale Capital Group during the first quarter worth $270,000. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Diane D. Schnupp sold 1,398 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 6,646 shares in the company, valued at $3,136,912. This trade represents a 17.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 5.50% of the company's stock.

Analysts Set New Price Targets

KNSL has been the topic of several recent research reports. Morgan Stanley lifted their price target on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. Truist Financial lowered their price objective on shares of 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 shares of Kinsale Capital Group in a research report on Friday, June 20th. They set a "buy" rating and a $543.00 price objective for the company. JPMorgan Chase & Co. decreased their price target on shares of 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, Wall Street Zen upgraded shares of Kinsale Capital Group from a "sell" rating to a "hold" rating in a research report on Sunday, June 22nd. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $491.88.

Kinsale Capital Group Stock Down 1.0%

Shares of Kinsale Capital Group stock traded down $4.56 during trading on Thursday, hitting $474.62. 293,744 shares of the stock traded hands, compared to its average volume of 229,038. The firm has a market cap of $11.06 billion, a P/E ratio of 27.31, a price-to-earnings-growth ratio of 1.77 and a beta of 1.19. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.12. Kinsale Capital Group, Inc. has a 52-week low of $373.62 and a 52-week high of $531.79. The stock's fifty day simple moving average is $473.80 and its 200 day simple moving average is $461.00.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued 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 $4.36 by $0.42. Kinsale Capital Group had a return on equity of 26.36% and a net margin of 24.73%. During the same quarter in the prior year, the company earned $3.75 EPS. The business's quarterly revenue was up 22.2% compared to the same quarter last year. On average, equities 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 business also recently disclosed a dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 30th were given a $0.17 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a yield of 0.15%. Kinsale Capital Group's dividend payout ratio is presently 3.91%.

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.