Kinsale Capital Group, Inc. (NYSE:KNSL) Holdings Lifted by Wilkinson Global Asset Management LLC

Wilkinson Global Asset Management LLC grew its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 913.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,402 shares of the financial services provider’s stock after buying an additional 36,417 shares during the period. Kinsale Capital Group accounts for about 1.2% of Wilkinson Global Asset Management LLC’s investment portfolio, making the stock its 26th biggest holding. Wilkinson Global Asset Management LLC’s holdings in Kinsale Capital Group were worth $18,792,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ballentine Partners LLC raised its stake in Kinsale Capital Group by 4.6% during the 4th quarter. Ballentine Partners LLC now owns 573 shares of the financial services provider’s stock valued at $267,000 after acquiring an additional 25 shares in the last quarter. Caprock Group LLC increased its holdings in shares of Kinsale Capital Group by 1.7% during the fourth quarter. Caprock Group LLC now owns 1,653 shares of the financial services provider’s stock valued at $769,000 after purchasing an additional 28 shares during the period. CWM LLC raised its stake in shares of Kinsale Capital Group by 8.8% during the third quarter. CWM LLC now owns 406 shares of the financial services provider’s stock valued at $189,000 after purchasing an additional 33 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Kinsale Capital Group by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 716 shares of the financial services provider’s stock valued at $333,000 after purchasing an additional 36 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its holdings in Kinsale Capital Group by 5.1% in the third quarter. Fifth Third Wealth Advisors LLC now owns 763 shares of the financial services provider’s stock worth $355,000 after purchasing an additional 37 shares during the period. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Kinsale Capital Group Stock Performance

Shares of NYSE KNSL opened at $441.50 on Wednesday. Kinsale Capital Group, Inc. has a 52-week low of $355.12 and a 52-week high of $548.47. The stock has a market capitalization of $10.28 billion, a price-to-earnings ratio of 24.82, a PEG ratio of 1.65 and a beta of 1.15. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12. The stock’s fifty day simple moving average is $458.10 and its 200 day simple moving average is $465.89.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $4.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.23 by $0.39. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The firm had revenue of $412.12 million for the quarter, compared to the consensus estimate of $418.32 million. As a group, sell-side analysts forecast that Kinsale Capital Group, Inc. will post 18.15 earnings per share for the current fiscal year.

Kinsale Capital Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 27th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.15%. The ex-dividend date of this dividend is Thursday, February 27th. This is an increase from Kinsale Capital Group’s previous quarterly dividend of $0.15. Kinsale Capital Group’s dividend payout ratio is 3.37%.

Analyst Upgrades and Downgrades

Several research firms have commented on KNSL. Royal Bank of Canada reissued a “sector perform” rating and set a $500.00 target price on shares of Kinsale Capital Group in a research note on Tuesday. Wolfe Research upgraded shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price objective on the stock in a research note on Monday, October 28th. BMO Capital Markets upped their target price on Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a research report on Thursday, November 21st. JMP Securities reiterated a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Finally, Truist Financial upped their price objective on Kinsale Capital Group from $480.00 to $525.00 and gave the company a “buy” rating in a report on Tuesday. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $468.56.

Insider Buying and Selling

In related news, Director James Joseph Ritchie sold 2,295 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $499.79, for a total transaction of $1,147,018.05. Following the transaction, the director now directly owns 7,348 shares of the company’s stock, valued at approximately $3,672,456.92. The trade was a 23.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Diane D. Schnupp sold 500 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $510.00, for a total value of $255,000.00. Following the completion of the sale, the executive vice president now directly owns 6,994 shares of the company’s stock, valued at approximately $3,566,940. This represents a 6.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,235 shares of company stock valued at $3,618,954. Company insiders own 5.60% of the company’s stock.

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.