Wealth Enhancement Advisory Services LLC Boosts Stake in Kinsale Capital Group, Inc. (NYSE:KNSL)

Wealth Enhancement Advisory Services LLC increased its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 10.1% during the fourth quarter, HoldingsChannel reports. The fund owned 2,244 shares of the financial services provider’s stock after buying an additional 206 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Kinsale Capital Group were worth $1,044,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of KNSL. Bank of Jackson Hole Trust acquired a new position in shares of Kinsale Capital Group during the 4th quarter worth $31,000. Larson Financial Group LLC lifted its stake in shares of Kinsale Capital Group by 7,400.0% in 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. Allworth Financial LP boosted its holdings in Kinsale Capital Group by 450.0% during the fourth quarter. Allworth Financial LP now owns 88 shares of the financial services provider’s stock worth $39,000 after buying an additional 72 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Kinsale Capital Group during the fourth quarter worth about $46,000. Finally, Physician Wealth Advisors Inc. purchased a new position in Kinsale Capital Group in the fourth quarter valued at about $49,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on KNSL shares. JMP Securities reissued a “market perform” rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Royal Bank of Canada reiterated a “sector perform” rating and set a $500.00 target price on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. JPMorgan Chase & Co. dropped their price target on 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. Truist Financial cut their price target on Kinsale Capital Group from $525.00 to $500.00 and set a “buy” rating for the company in a research note on Monday, April 28th. Finally, Morgan Stanley boosted their price objective 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. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $484.57.

Kinsale Capital Group Stock Performance

Kinsale Capital Group stock opened at $476.62 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. The company has a market capitalization of $11.11 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 1.66 and a beta of 1.20. Kinsale Capital Group, Inc. has a fifty-two week low of $366.92 and a fifty-two week high of $531.79. The stock has a fifty day moving average of $464.47 and a two-hundred day moving average of $463.12.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings results on Thursday, April 24th. The financial services provider reported $3.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.56. The company had revenue of $423.40 million for the quarter, compared to analysts’ expectations of $425.73 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the company earned $3.50 EPS. On average, analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

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

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.