Regal Investment Advisors LLC Purchases Shares of 4,939 Kinsale Capital Group, Inc. (NYSE:KNSL)

Regal Investment Advisors LLC purchased a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 4,939 shares of the financial services provider’s stock, valued at approximately $2,297,000.

Other large investors have also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Kinsale Capital Group in the fourth quarter valued at approximately $25,000. Bank of Jackson Hole Trust acquired a new stake in shares of Kinsale Capital Group in the fourth quarter valued at $31,000. Larson Financial Group LLC raised its holdings in shares of Kinsale Capital Group by 7,400.0% in the 4th quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider’s stock valued at $35,000 after buying an additional 74 shares during the period. Allworth Financial LP lifted its stake in Kinsale Capital Group by 450.0% during the 4th quarter. Allworth Financial LP now owns 88 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 72 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Kinsale Capital Group during the 4th quarter valued at about $46,000. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on KNSL shares. JPMorgan Chase & Co. reduced their price target on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Truist Financial raised their price target on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $500.00 price objective on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. Morgan Stanley decreased their target price on Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Finally, JMP Securities restated a “market perform” rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $468.56.

Kinsale Capital Group Trading Down 0.5 %

KNSL opened at $482.91 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. Kinsale Capital Group, Inc. has a one year low of $355.12 and a one year high of $531.79. The company has a market cap of $11.24 billion, a P/E ratio of 27.14, a PEG ratio of 1.66 and a beta of 1.16. The business’s 50-day simple moving average is $458.93 and its 200-day simple moving average is $462.57.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, beating the consensus estimate of $4.23 by $0.39. The company had revenue of $412.12 million for the quarter, compared to analyst estimates of $418.32 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. As a group, equities research analysts expect that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were paid a dividend of $0.17 per share. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 0.14%. The ex-dividend date of this dividend was Thursday, February 27th. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 3.82%.

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.