Cary Street Partners Investment Advisory LLC Has $269,000 Stock Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

by · The Cerbat Gem

Cary Street Partners Investment Advisory LLC raised its stake in Kinsale Capital Group, Inc. (NYSE:KNSL – Free Report) by 20.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 552 shares of the financial services provider’s stock after buying an additional 95 shares during the period. Cary Street Partners Investment Advisory LLC’s holdings in Kinsale Capital Group were worth $269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of KNSL. Key Financial Inc lifted its holdings in Kinsale Capital Group by 315.4% during the 1st quarter. Key Financial Inc now owns 54 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 41 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in Kinsale Capital Group in the 1st quarter valued at $31,000. NBC Securities Inc. bought a new position in Kinsale Capital Group during the 1st quarter worth $35,000. von Borstel & Associates Inc. acquired a new stake in shares of Kinsale Capital Group during the first quarter worth $42,000. Finally, Anderson Financial Strategies LLC acquired a new stake in shares of Kinsale Capital Group during the fourth quarter worth $54,000. 85.36% of the stock is owned by institutional investors.

Insider Buying and Selling at Kinsale Capital Group

In related news, EVP Diane D. Schnupp sold 1,398 shares of Kinsale Capital Group 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 approximately $3,136,912. The trade was a 17.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 5.50% of the company’s stock.

Kinsale Capital Group Stock Down 0.1%

NYSE KNSL opened at $445.10 on Wednesday. The business has a fifty day moving average price of $471.55 and a two-hundred day moving average price of $462.67. The stock has a market capitalization of $10.37 billion, a PE ratio of 23.22, a PEG ratio of 1.65 and a beta of 1.12. Kinsale Capital Group, Inc. has a fifty-two week low of $405.00 and a fifty-two week high of $531.79. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.10 and a quick ratio of 0.10.

Kinsale Capital Group (NYSE:KNSL – Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The financial services provider reported $4.78 EPS for the quarter, topping analysts’ consensus estimates of $4.41 by $0.37. Kinsale Capital Group had a return on equity of 25.93% and a net margin of 25.92%. The company had revenue of $458.70 million during the quarter, compared to analysts’ expectations of $436.25 million. During the same quarter in the previous year, the firm earned $3.75 EPS. Kinsale Capital Group’s revenue was up 22.2% on a year-over-year basis. Equities analysts expect that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, June 12th. Stockholders of record on Friday, May 30th were paid a $0.17 dividend. This represents a dividend yield of 15.0%. The ex-dividend date was Thursday, May 29th. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.55%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. BMO Capital Markets upped their price target on shares of Kinsale Capital Group from $429.00 to $474.00 and gave the company a “market perform” rating in a research note on Tuesday, July 29th. JPMorgan Chase & Co. increased their target price on shares of Kinsale Capital Group from $440.00 to $460.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. Compass Point raised their target price on shares of Kinsale Capital Group from $432.00 to $490.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Wall Street Zen upgraded Kinsale Capital Group from a “sell” rating to a “hold” rating in a research note on Sunday, June 22nd. Finally, Bank of America assumed coverage on Kinsale Capital Group in a research note on Friday, June 20th. They set a “buy” rating and a $543.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Kinsale Capital Group has an average rating of “Hold” and a consensus target price of $506.44.

View Our Latest Report on Kinsale Capital Group

Kinsale Capital Group Company Profile

(Free Report)

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.

Further Reading

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