Moody Aldrich Partners LLC Takes $270,000 Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Moody Aldrich Partners LLC purchased a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 555 shares of the financial services provider's stock, valued at approximately $270,000.

Several other hedge funds have also modified their holdings of the business. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Kinsale Capital Group by 11.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 200 shares of the financial services provider's stock valued at $93,000 after buying an additional 21 shares during the period. Coldstream Capital Management Inc. lifted its holdings in shares of Kinsale Capital Group by 1.7% in the 4th quarter. Coldstream Capital Management Inc. now owns 1,469 shares of the financial services provider's stock valued at $683,000 after buying an additional 25 shares during the period. Private Trust Co. NA lifted its holdings in shares of Kinsale Capital Group by 2.1% in the 1st quarter. Private Trust Co. NA now owns 1,288 shares of the financial services provider's stock valued at $627,000 after buying an additional 27 shares during the period. Strategic Advisors LLC increased its stake in Kinsale Capital Group by 0.6% in the 1st quarter. Strategic Advisors LLC now owns 5,277 shares of the financial services provider's stock valued at $2,568,000 after purchasing an additional 30 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its stake in Kinsale Capital Group by 1.2% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,250 shares of the financial services provider's stock valued at $1,512,000 after purchasing an additional 38 shares in the last quarter. 85.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KNSL has been the subject of several research analyst reports. Morgan Stanley raised their price objective on 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 dropped their price objective on Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Wall Street Zen raised Kinsale Capital Group from a "sell" rating to a "hold" rating in a research note on Sunday, June 22nd. Bank of America initiated coverage on Kinsale Capital Group in a research note on Friday, June 20th. They issued a "buy" rating and a $543.00 price objective for the company. Finally, JPMorgan Chase & Co. dropped their price objective on Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Kinsale Capital Group presently has a consensus rating of "Hold" and a consensus price target of $491.88.

Kinsale Capital Group Stock Performance

Kinsale Capital Group stock opened at $479.60 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.11 and a current ratio of 0.11. The stock has a fifty day moving average of $463.85 and a two-hundred day moving average of $458.91. The company has a market capitalization of $11.18 billion, a price-to-earnings ratio of 27.59, a PEG ratio of 1.77 and a beta of 1.19. Kinsale Capital Group, Inc. has a fifty-two week low of $366.92 and a fifty-two week high of $531.79.

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

Kinsale Capital Group Announces Dividend

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

Insider Activity at Kinsale Capital Group

In other news, EVP Diane D. Schnupp sold 1,398 shares of Kinsale Capital Group stock in a transaction on Thursday, June 5th. The stock was 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 owned 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 the SEC website. 5.50% of the stock is currently owned by corporate insiders.

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.

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