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Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Purchased by Portside Wealth Group LLC

Kinsale Capital Group logo with Finance background

Portside Wealth Group LLC increased its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 206.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KNSL. Choreo LLC grew its position in Kinsale Capital Group by 118.2% during the 4th quarter. Choreo LLC now owns 1,704 shares of the financial services provider's stock worth $793,000 after purchasing an additional 923 shares during the last quarter. Wilmington Savings Fund Society FSB grew its position in Kinsale Capital Group by 13.2% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 968 shares of the financial services provider's stock worth $450,000 after purchasing an additional 113 shares during the last quarter. Empowered Funds LLC purchased a new position in Kinsale Capital Group during the 4th quarter worth $1,071,000. Entropy Technologies LP purchased a new position in Kinsale Capital Group during the 4th quarter worth $1,416,000. Finally, Stephens Inc. AR grew its position in Kinsale Capital Group by 17.7% during the 4th quarter. Stephens Inc. AR now owns 1,090 shares of the financial services provider's stock worth $507,000 after purchasing an additional 164 shares during the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KNSL has been the topic of several analyst reports. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $500.00 target price on shares of Kinsale Capital Group in a report on Tuesday, February 18th. JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Morgan Stanley lifted their target price 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. Truist Financial cut 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. Finally, JPMorgan Chase & Co. cut their price objective 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. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $484.57.

View Our Latest Stock Report on Kinsale Capital Group

Kinsale Capital Group Trading Up 0.2%

Kinsale Capital Group stock traded up $0.75 during trading on Friday, reaching $474.69. The company had a trading volume of 146,998 shares, compared to its average volume of 174,206. Kinsale Capital Group, Inc. has a 12-month low of $366.92 and a 12-month high of $531.79. The stock's 50 day moving average price is $463.82 and its two-hundred day moving average price is $462.60. The firm has a market capitalization of $11.07 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 1.66 and a beta of 1.20. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its earnings results on Thursday, April 24th. The financial services provider reported $3.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $423.40 million during the quarter, compared to the consensus estimate of $425.73 million. During the same period in the previous year, the firm earned $3.50 earnings per share. Kinsale Capital Group's revenue was up 7.9% compared to the same quarter last year. As a group, equities analysts expect that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 30th were paid a dividend of $0.17 per share. 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 currently 3.91%.

Insiders Place Their Bets

In other news, EVP Diane D. Schnupp sold 1,398 shares of the company's stock in a transaction 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 transaction, the executive vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.50% of the stock is owned by insiders.

Kinsale Capital Group Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Kinsale Capital Group (NYSE:KNSL)

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