SRS Capital Advisors Inc. Buys 1,118 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

SRS Capital Advisors Inc. increased its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 4,472.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,143 shares of the financial services provider’s stock after purchasing an additional 1,118 shares during the period. SRS Capital Advisors Inc.’s holdings in Kinsale Capital Group were worth $383,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Janney Montgomery Scott LLC boosted its holdings in Kinsale Capital Group by 1.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 1,554 shares of the financial services provider’s stock worth $643,000 after acquiring an additional 29 shares during the last quarter. Pearl River Capital LLC raised its stake in Kinsale Capital Group by 5.2% in the 3rd quarter. Pearl River Capital LLC now owns 604 shares of the financial services provider’s stock valued at $250,000 after acquiring an additional 30 shares during the period. Blackhawk Capital Partners LLC. boosted its position in Kinsale Capital Group by 1.1% during the fourth quarter. Blackhawk Capital Partners LLC. now owns 2,655 shares of the financial services provider’s stock worth $889,000 after purchasing an additional 30 shares during the period. Fifth Third Bancorp lifted its position in shares of Kinsale Capital Group by 7.2% during the third quarter. Fifth Third Bancorp now owns 479 shares of the financial services provider’s stock worth $198,000 after acquiring an additional 32 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its stake in shares of Kinsale Capital Group by 17.9% during the 4th quarter. Harbor Investment Advisory LLC now owns 231 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 35 shares during the period. 85.36% of the stock is owned by institutional investors.

Insider Buying and Selling at Kinsale Capital Group

In other news, Director Frederick L. Jr. Russell sold 2,000 shares of Kinsale Capital Group stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $524.09, for a total value of $1,048,180.00. Following the completion of the sale, the director now directly owns 887 shares in the company, valued at $464,867.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Kinsale Capital Group news, CEO Michael P. Kehoe sold 4,000 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $523.73, for a total transaction of $2,094,920.00. Following the completion of the sale, the chief executive officer now directly owns 303,972 shares in the company, valued at approximately $159,199,255.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Frederick L. Jr. Russell sold 2,000 shares of Kinsale Capital Group stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $524.09, for a total transaction of $1,048,180.00. Following the transaction, the director now owns 887 shares in the company, valued at approximately $464,867.83. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,778 shares of company stock worth $4,532,422. Company insiders own 5.60% of the company’s stock.

Kinsale Capital Group Stock Up 2.5 %

Kinsale Capital Group stock traded up $9.29 during mid-day trading on Friday, hitting $382.40. The company had a trading volume of 208,497 shares, compared to its average volume of 204,208. Kinsale Capital Group, Inc. has a 12 month low of $297.33 and a 12 month high of $548.47. The company has a market capitalization of $8.87 billion, a PE ratio of 25.41 and a beta of 0.98. The stock’s 50 day moving average price is $478.52 and its two-hundred day moving average price is $413.48. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.16.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.33 by $0.17. The firm had revenue of $372.79 million during the quarter, compared to analyst estimates of $366.45 million. Kinsale Capital Group had a return on equity of 31.21% and a net margin of 26.33%. Kinsale Capital Group’s quarterly revenue was up 41.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.44 EPS. As a group, sell-side analysts anticipate that Kinsale Capital Group, Inc. will post 15.03 earnings per share for the current fiscal year.

Kinsale Capital Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Tuesday, February 27th were paid a $0.15 dividend. The ex-dividend date was Monday, February 26th. This represents a $0.60 annualized dividend and a dividend yield of 0.16%. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.14. Kinsale Capital Group’s payout ratio is currently 3.99%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on KNSL. BMO Capital Markets reduced their price objective on Kinsale Capital Group from $544.00 to $453.00 and set a “market perform” rating on the stock in a research report on Tuesday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $425.00 target price (down from $555.00) on shares of Kinsale Capital Group in a research note on Monday. Truist Financial decreased their price objective on shares of Kinsale Capital Group from $600.00 to $440.00 and set a “buy” rating on the stock in a research report on Monday. JPMorgan Chase & Co. boosted their target price on Kinsale Capital Group from $375.00 to $420.00 and gave the company a “neutral” rating in a research note on Monday, February 26th. Finally, 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. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $438.43.

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.