Marshall Financial Group LLC Grows Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Marshall Financial Group LLC increased its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 12.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,222 shares of the financial services provider’s stock after purchasing an additional 246 shares during the period. Marshall Financial Group LLC’s holdings in Kinsale Capital Group were worth $1,081,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its holdings in shares of Kinsale Capital Group by 29.4% during the 4th quarter. LPL Financial LLC now owns 20,415 shares of the financial services provider’s stock valued at $9,310,000 after buying an additional 4,644 shares in the last quarter. California Public Employees Retirement System lifted its position in Kinsale Capital Group by 11.8% during the 4th quarter. California Public Employees Retirement System now owns 39,341 shares of the financial services provider’s stock valued at $18,299,000 after acquiring an additional 4,146 shares during the period. Empowered Funds LLC bought a new stake in Kinsale Capital Group during the fourth quarter worth about $1,071,000. Charles Schwab Investment Management Inc. grew its holdings in Kinsale Capital Group by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 152,445 shares of the financial services provider’s stock worth $70,907,000 after purchasing an additional 3,970 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in shares of Kinsale Capital Group during the fourth quarter valued at approximately $46,000. 85.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Truist Financial dropped their price target on Kinsale Capital Group from $525.00 to $500.00 and set a “buy” rating on the stock in a research report on Monday, April 28th. JPMorgan Chase & Co. lowered their price objective on Kinsale Capital Group from $402.00 to $400.00 and set a “neutral” rating for the company in a research note on Monday, April 28th. JMP Securities reissued a “market perform” rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Morgan Stanley raised their price target on Kinsale Capital Group from $490.00 to $525.00 and gave the company an “overweight” rating in a report on Monday, May 19th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $500.00 price target on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Kinsale Capital Group has an average rating of “Hold” and a consensus target price of $484.57.

Kinsale Capital Group Stock Performance

KNSL stock opened at $473.64 on Friday. The stock’s 50 day simple moving average is $463.82 and its 200 day simple moving average is $462.60. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12. Kinsale Capital Group, Inc. has a 12-month low of $366.92 and a 12-month high of $531.79. The stock has a market capitalization of $11.04 billion, a PE ratio of 26.62, a price-to-earnings-growth ratio of 1.66 and a beta of 1.20.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $3.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.56. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The firm had revenue of $423.40 million for the quarter, compared to the consensus estimate of $425.73 million. During the same period in the prior year, the company posted $3.50 earnings per share. The company’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, research analysts forecast that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 30th were given a $0.17 dividend. This represents a yield of 0.15%. The ex-dividend date was Thursday, May 29th. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.91%.

Insider Buying and Selling at Kinsale Capital Group

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 1,398 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 6,646 shares in the company, valued at approximately $3,136,912. The trade was a 17.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.50% of the company’s stock.

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.