Wealth Enhancement Advisory Services LLC Acquires 584 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Wealth Enhancement Advisory Services LLC raised its stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 26.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,828 shares of the financial services provider's stock after purchasing an additional 584 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Kinsale Capital Group were worth $1,377,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC increased its position in shares of Kinsale Capital Group by 7,400.0% during the fourth quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 74 shares during the period. NBC Securities Inc. bought a new stake in Kinsale Capital Group in the 1st quarter valued at $35,000. SBI Securities Co. Ltd. acquired a new position in shares of Kinsale Capital Group in the 4th quarter valued at $46,000. Physician Wealth Advisors Inc. acquired a new position in shares of Kinsale Capital Group in the 4th quarter valued at $49,000. Finally, Anderson Financial Strategies LLC bought a new position in shares of Kinsale Capital Group during the 4th quarter worth about $54,000. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Kinsale Capital Group Price Performance

KNSL stock traded down $4.00 during midday trading on Tuesday, reaching $479.90. 306,996 shares of the company's stock traded hands, compared to its average volume of 178,607. The company has a 50-day simple moving average of $463.68 and a two-hundred day simple moving average of $458.91. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.12. Kinsale Capital Group, Inc. has a 1-year low of $366.92 and a 1-year high of $531.79. The company has a market cap of $11.19 billion, a price-to-earnings ratio of 27.61, a PEG ratio of 1.76 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, topping the consensus estimate of $3.15 by $0.56. Kinsale Capital Group had a return on equity of 26.36% and a net margin of 24.73%. The company had revenue of $423.40 million for the quarter, compared to analysts' expectations of $425.73 million. During the same quarter in the prior year, the business earned $3.50 earnings per share. The business's revenue for the quarter was up 7.9% on a year-over-year basis. On average, analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts recently weighed in on KNSL shares. Truist Financial lowered their target price on shares of Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Bank of America assumed coverage on Kinsale Capital Group in a report on Friday, June 20th. They issued a "buy" rating and a $543.00 target price for the company. Morgan Stanley boosted their price target 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. Wall Street Zen upgraded Kinsale Capital Group from a "sell" rating to a "hold" rating in a research report on Sunday, June 22nd. Finally, JPMorgan Chase & Co. cut their price objective on Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Kinsale Capital Group currently has a consensus rating of "Hold" and an average price target of $491.88.

Insider Buying and Selling at Kinsale Capital Group

In other news, EVP Diane D. Schnupp sold 1,398 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $472.00, for a total transaction of $659,856.00. Following the sale, the executive vice president directly owned 6,646 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available through this link. Corporate insiders own 5.50% of the company's stock.

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.