Americana Partners LLC Purchases 50 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Americana Partners LLC lifted its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 6.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 850 shares of the financial services provider’s stock after buying an additional 50 shares during the quarter. Americana Partners LLC’s holdings in Kinsale Capital Group were worth $395,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. CWM LLC boosted its position in Kinsale Capital Group by 8.8% during the third quarter. CWM LLC now owns 406 shares of the financial services provider’s stock valued at $189,000 after purchasing an additional 33 shares in the last quarter. Blue Trust Inc. boosted its position in Kinsale Capital Group by 309.1% during the third quarter. Blue Trust Inc. now owns 180 shares of the financial services provider’s stock valued at $84,000 after purchasing an additional 136 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Kinsale Capital Group by 75.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 133,975 shares of the financial services provider’s stock valued at $62,375,000 after purchasing an additional 57,460 shares in the last quarter. Copeland Capital Management LLC boosted its position in Kinsale Capital Group by 0.3% during the third quarter. Copeland Capital Management LLC now owns 231,303 shares of the financial services provider’s stock valued at $107,687,000 after purchasing an additional 685 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in Kinsale Capital Group by 35.8% during the third quarter. Sequoia Financial Advisors LLC now owns 1,751 shares of the financial services provider’s stock valued at $815,000 after purchasing an additional 462 shares in the last quarter. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Trading Down 1.7 %

Kinsale Capital Group stock opened at $441.50 on Wednesday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13. Kinsale Capital Group, Inc. has a 52 week low of $355.12 and a 52 week high of $548.47. The company has a market capitalization of $10.28 billion, a price-to-earnings ratio of 25.17, a price-to-earnings-growth ratio of 1.82 and a beta of 1.15. The stock has a 50-day moving average price of $458.10 and a 200 day moving average price of $465.89.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, topping analysts’ consensus estimates of $4.23 by $0.39. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. The firm had revenue of $412.12 million during the quarter, compared to the consensus estimate of $418.32 million. Sell-side analysts anticipate that Kinsale Capital Group, Inc. will post 15.67 EPS for the current year.

Kinsale Capital Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This is an increase from Kinsale Capital Group’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 0.15%. Kinsale Capital Group’s payout ratio is presently 3.42%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on KNSL. 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 note on Tuesday. BMO Capital Markets boosted their price target on Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a research note on Thursday, November 21st. Wolfe Research upgraded Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price target on the stock in a research note on Monday, October 28th. JMP Securities restated a “market perform” rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. dropped their price target on Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $468.56.

Insider Buying and Selling at Kinsale Capital Group

In other Kinsale Capital Group news, Director Frederick L. Jr. Russell sold 4,440 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $499.31, for a total value of $2,216,936.40. Following the completion of the transaction, the director now directly owns 447 shares of the company’s stock, valued at approximately $223,191.57. The trade was a 90.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Diane D. Schnupp sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $510.00, for a total value of $255,000.00. Following the transaction, the executive vice president now directly owns 6,994 shares of the company’s stock, valued at approximately $3,566,940. The trade was a 6.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,235 shares of company stock valued at $3,618,954. 5.60% of the stock is owned by company insiders.

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.