694 Shares in Kinsale Capital Group, Inc. (NYSE:KNSL) Purchased by Precision Wealth Strategies LLC

Precision Wealth Strategies LLC acquired a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 694 shares of the financial services provider's stock, valued at approximately $338,000.

Other large investors have also added to or reduced their stakes in the company. LPL Financial LLC boosted its holdings in Kinsale Capital Group by 29.4% in the fourth quarter. LPL Financial LLC now owns 20,415 shares of the financial services provider's stock valued at $9,310,000 after acquiring an additional 4,644 shares during the last quarter. California Public Employees Retirement System raised its stake in Kinsale Capital Group by 11.8% during the fourth quarter. California Public Employees Retirement System now owns 39,341 shares of the financial services provider's stock worth $18,299,000 after buying an additional 4,146 shares during the last quarter. Portside Wealth Group LLC lifted its holdings in Kinsale Capital Group by 206.3% in the first quarter. Portside Wealth Group LLC now owns 1,835 shares of the financial services provider's stock valued at $893,000 after buying an additional 1,236 shares during the period. Merit Financial Group LLC bought a new stake in Kinsale Capital Group during the first quarter valued at $441,000. Finally, Empowered Funds LLC acquired a new stake in Kinsale Capital Group during the 4th quarter worth about $1,071,000. Institutional investors own 85.36% of the company's stock.

Kinsale Capital Group Stock Down 0.6%

Kinsale Capital Group stock traded down $2.94 during trading on Thursday, hitting $461.57. 204,371 shares of the company were exchanged, compared to its average volume of 175,774. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.12. The business's 50 day moving average is $464.93 and its 200 day moving average is $461.37. Kinsale Capital Group, Inc. has a 52 week low of $366.92 and a 52 week high of $531.79. The company has a market capitalization of $10.76 billion, a P/E ratio of 26.56, a PEG ratio of 1.75 and a beta of 1.20.

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

Kinsale Capital Group Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 30th were issued a dividend of $0.17 per share. The ex-dividend date was Thursday, May 29th. This represents a yield of 0.15%. Kinsale Capital Group's dividend payout ratio (DPR) is currently 3.91%.

Insiders Place Their Bets

In related news, EVP Diane D. Schnupp sold 1,398 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $472.00, for a total value of $659,856.00. Following the transaction, the executive vice president now directly owns 6,646 shares of the company's stock, valued at approximately $3,136,912. The trade was a 17.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.50% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on KNSL shares. JPMorgan Chase & Co. decreased 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. Wall Street Zen downgraded shares of Kinsale Capital Group from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Morgan Stanley increased 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 note on Monday, May 19th. Finally, Truist Financial dropped their price objective on shares of Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating on the stock in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $484.57.

About Kinsale Capital Group

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.