Commonwealth Equity Services LLC Purchases 124 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Commonwealth Equity Services LLC lifted its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 2.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,133 shares of the financial services provider’s stock after buying an additional 124 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Kinsale Capital Group were worth $2,694,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of KNSL. Anchor Investment Management LLC purchased a new position in shares of Kinsale Capital Group during the fourth quarter worth about $25,000. Beacon Capital Management LLC purchased a new position in Kinsale Capital Group in the 4th quarter worth approximately $33,000. Brown Brothers Harriman & Co. bought a new stake in Kinsale Capital Group in the fourth quarter valued at approximately $33,000. Quarry LP purchased a new stake in shares of Kinsale Capital Group during the fourth quarter valued at approximately $40,000. Finally, Principal Securities Inc. bought a new stake in Kinsale Capital Group in the 4th quarter worth $44,000. 85.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on KNSL shares. Compass Point reduced their target price on Kinsale Capital Group from $490.00 to $390.00 and set a “neutral” rating on the stock in a report on Monday, April 29th. Truist Financial cut their price target on shares of Kinsale Capital Group from $600.00 to $440.00 and set a “buy” rating on the stock in a report on Monday, April 29th. TD Cowen initiated coverage on shares of Kinsale Capital Group in a report on Monday, May 20th. They issued a “hold” rating and a $403.00 price objective for the company. BMO Capital Markets decreased their price target on Kinsale Capital Group from $544.00 to $453.00 and set a “market perform” rating for the company in a research note on Tuesday, April 30th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $425.00 price objective (down previously from $555.00) on shares of Kinsale Capital Group in a report on Monday, April 29th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $434.00.

Kinsale Capital Group Trading Down 1.0 %

Shares of NYSE:KNSL traded down $3.91 during trading on Friday, reaching $378.71. The company’s stock had a trading volume of 45,604 shares, compared to its average volume of 186,374. The stock has a market capitalization of $8.81 billion, a PE ratio of 25.16 and a beta of 1.06. Kinsale Capital Group, Inc. has a 12 month low of $325.01 and a 12 month high of $548.47. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.16. The firm’s 50 day simple moving average is $384.43 and its two-hundred day simple moving average is $420.60.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.33 by $0.17. Kinsale Capital Group had a return on equity of 31.21% and a net margin of 26.33%. The business had revenue of $372.79 million during the quarter, compared to analyst estimates of $366.45 million. During the same period last year, the company earned $2.44 EPS. The company’s revenue for the quarter was up 41.7% on a year-over-year basis. On average, research analysts predict that Kinsale Capital Group, Inc. will post 14.94 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Friday, May 31st were given a dividend of $0.15 per share. The ex-dividend date was Friday, May 31st. This represents a $0.60 dividend on an annualized basis and a yield of 0.16%. Kinsale Capital Group’s payout ratio is 3.99%.

Insider Buying and Selling

In other news, COO Brian D. Haney sold 3,778 shares of the stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $367.74, for a total value of $1,389,321.72. Following the sale, the chief operating officer now owns 95,850 shares in the company, valued at $35,247,879. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.60% of the stock is 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.