Portside Wealth Group LLC Invests $279,000 in Kinsale Capital Group, Inc. (NYSE:KNSL)

Portside Wealth Group LLC purchased a new stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 599 shares of the financial services provider's stock, valued at approximately $279,000.

Other large investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. increased its stake in Kinsale Capital Group by 11.7% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 200 shares of the financial services provider's stock worth $93,000 after acquiring an additional 21 shares during the last quarter. Coldstream Capital Management Inc. grew its holdings in shares of Kinsale Capital Group by 1.7% during the 4th quarter. Coldstream Capital Management Inc. now owns 1,469 shares of the financial services provider's stock worth $683,000 after purchasing an additional 25 shares during the period. Fielder Capital Group LLC increased its position in shares of Kinsale Capital Group by 5.5% during the 4th quarter. Fielder Capital Group LLC now owns 595 shares of the financial services provider's stock worth $277,000 after purchasing an additional 31 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of Kinsale Capital Group by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 716 shares of the financial services provider's stock worth $333,000 after purchasing an additional 36 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its holdings 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 buying an additional 38 shares during the period. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Kinsale Capital Group Trading Up 0.8%

KNSL opened at $471.43 on Friday. The business has a fifty day moving average price of $464.69 and a 200 day moving average price of $463.37. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09. Kinsale Capital Group, Inc. has a 12 month low of $366.92 and a 12 month high of $531.79. The stock has a market capitalization of $10.99 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 1.66 and a beta of 1.29.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.56. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The business had revenue of $423.40 million during the quarter, compared to analysts' expectations of $425.73 million. During the same quarter last year, the business posted $3.50 EPS. The business's quarterly revenue was up 7.9% compared to the same quarter last year. Sell-side analysts expect that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on KNSL. JMP Securities reaffirmed a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Truist Financial dropped 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. JPMorgan Chase & Co. decreased their price target on Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Royal Bank of Canada restated a "sector perform" rating and set a $500.00 price target on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. Finally, Morgan Stanley lifted 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. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $484.57.

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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