Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Purchased by ORG Wealth Partners LLC

ORG Wealth Partners LLC increased its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 450.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 303 shares of the financial services provider’s stock after acquiring an additional 248 shares during the period. ORG Wealth Partners LLC’s holdings in Kinsale Capital Group were worth $141,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its stake in Kinsale Capital Group by 408.3% in the third quarter. UMB Bank n.a. now owns 61 shares of the financial services provider’s stock valued at $28,000 after buying an additional 49 shares in the last quarter. Signaturefd LLC increased its position in shares of Kinsale Capital Group by 68.9% during the third quarter. Signaturefd LLC now owns 103 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 42 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in shares of Kinsale Capital Group by 225.7% during the third quarter. Massmutual Trust Co. FSB ADV now owns 114 shares of the financial services provider’s stock worth $53,000 after buying an additional 79 shares during the last quarter. American National Bank & Trust purchased a new position in shares of Kinsale Capital Group during the third quarter worth about $55,000. Finally, Blue Trust Inc. grew its holdings in shares of Kinsale Capital Group by 309.1% during the third quarter. Blue Trust Inc. now owns 180 shares of the financial services provider’s stock worth $84,000 after buying an additional 136 shares during the last quarter. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Kinsale Capital Group news, Director James Joseph Ritchie sold 2,295 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $499.79, for a total value of $1,147,018.05. Following the sale, the director now owns 7,348 shares in the company, valued at approximately $3,672,456.92. This trade represents a 23.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frederick L. Jr. Russell sold 4,440 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $499.31, for a total transaction of $2,216,936.40. Following the completion of the sale, the director now owns 447 shares in the company, valued at $223,191.57. The trade was a 90.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,235 shares of company stock worth $3,618,954 over the last quarter. 5.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

KNSL has been the topic of a number of analyst reports. Jefferies Financial Group lifted their price objective on Kinsale Capital Group from $444.00 to $471.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Truist Financial cut their price objective on Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Royal Bank of Canada cut their price target on Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating for the company in a report on Monday, October 28th. JPMorgan Chase & Co. cut their price target on Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Finally, Morgan Stanley began coverage on shares of Kinsale Capital Group in a research note on Thursday, December 5th. They set an “overweight” rating and a $593.00 price objective for the company. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $471.11.

Kinsale Capital Group Stock Performance

NYSE:KNSL opened at $416.24 on Friday. The stock has a market cap of $9.69 billion, a P/E ratio of 23.73, a PEG ratio of 2.16 and a beta of 1.16. The firm has a 50-day moving average of $474.57 and a two-hundred day moving average of $454.61. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.09 and a quick ratio of 0.09. Kinsale Capital Group, Inc. has a 1-year low of $355.12 and a 1-year high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.60 by $0.60. The business had revenue of $418.06 million for the quarter, compared to analyst estimates of $359.43 million. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. The company’s revenue for the quarter was up 33.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.31 EPS. On average, research analysts expect that Kinsale Capital Group, Inc. will post 15.61 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.60 annualized dividend and a yield of 0.14%. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.42%.

Kinsale Capital Group 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.