Portside Wealth Group LLC Has $893,000 Stock Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Portside Wealth Group LLC grew its position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 206.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,835 shares of the financial services provider's stock after acquiring an additional 1,236 shares during the quarter. Portside Wealth Group LLC's holdings in Kinsale Capital Group were worth $893,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of KNSL. Bank of Jackson Hole Trust acquired a new stake in Kinsale Capital Group in the 4th quarter valued at $31,000. Larson Financial Group LLC increased its position in shares of Kinsale Capital Group by 7,400.0% during the 4th quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider's stock worth $35,000 after purchasing an additional 74 shares in the last quarter. NBC Securities Inc. bought a new position in Kinsale Capital Group during the 1st quarter valued at about $35,000. Allworth Financial LP lifted its holdings in Kinsale Capital Group by 450.0% during the 4th quarter. Allworth Financial LP now owns 88 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 72 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in Kinsale Capital Group during the fourth quarter worth about $46,000. Institutional investors and hedge funds own 85.36% of the company's stock.

Kinsale Capital Group Trading Down 0.8%

Shares of KNSL stock traded down $3.83 on Tuesday, reaching $459.68. 302,766 shares of the stock were exchanged, compared to its average volume of 172,693. The stock has a market cap of $10.72 billion, a PE ratio of 25.84, a P/E/G ratio of 1.66 and a beta of 1.20. Kinsale Capital Group, Inc. has a one year low of $366.92 and a one year high of $531.79. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09. The stock has a 50 day moving average price of $463.92 and a 200 day moving average price of $462.88.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its earnings results on Thursday, April 24th. The financial services provider reported $3.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.56. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. The company had revenue of $423.40 million for the quarter, compared to analyst estimates of $425.73 million. During the same quarter last year, the firm earned $3.50 EPS. The company's revenue for the quarter was up 7.9% on a year-over-year basis. Equities research analysts forecast that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The firm also recently announced a dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 30th will be given a dividend of $0.17 per share. This represents a dividend yield of 0.15%. The ex-dividend date of this dividend is Thursday, May 29th. Kinsale Capital Group's payout ratio is 3.91%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on KNSL. Royal Bank of Canada reissued a "sector perform" rating and issued a $500.00 target price on shares of Kinsale Capital Group in a report on Tuesday, February 18th. Morgan Stanley boosted their price objective on Kinsale Capital Group from $490.00 to $525.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. JPMorgan Chase & Co. lowered their target price 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. JMP Securities reaffirmed a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Finally, Truist Financial reduced their price target on shares of Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Kinsale Capital Group presently has a consensus rating of "Hold" and an average price target of $484.57.

Insider Activity

In related news, EVP Diane D. Schnupp sold 1,398 shares of the company's stock in a transaction dated 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 now owns 6,646 shares in the company, valued at approximately $3,136,912. This represents a 17.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 5.50% of the stock is currently owned by company insiders.

Kinsale Capital Group Company 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.