Jacobson & Schmitt Advisors LLC Boosts Stake in Kinsale Capital Group, Inc. (NYSE:KNSL)

Jacobson & Schmitt Advisors LLC lifted its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,774 shares of the financial services provider’s stock after purchasing an additional 166 shares during the period. Kinsale Capital Group accounts for 3.2% of Jacobson & Schmitt Advisors LLC’s holdings, making the stock its 8th biggest holding. Jacobson & Schmitt Advisors LLC owned about 0.15% of Kinsale Capital Group worth $16,640,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of KNSL. Westfield Capital Management Co. LP lifted its holdings in Kinsale Capital Group by 65.3% in the third quarter. Westfield Capital Management Co. LP now owns 149,217 shares of the financial services provider’s stock valued at $69,471,000 after buying an additional 58,971 shares during the period. International Assets Investment Management LLC lifted its holdings in Kinsale Capital Group by 76,986.9% in the third quarter. International Assets Investment Management LLC now owns 47,023 shares of the financial services provider’s stock valued at $21,892,000 after buying an additional 46,962 shares during the period. DAVENPORT & Co LLC lifted its holdings in Kinsale Capital Group by 9.6% in the fourth quarter. DAVENPORT & Co LLC now owns 511,869 shares of the financial services provider’s stock valued at $238,193,000 after buying an additional 44,931 shares during the period. Erste Asset Management GmbH acquired a new position in Kinsale Capital Group in the third quarter valued at $18,599,000. Finally, Wilkinson Global Asset Management LLC lifted its holdings in Kinsale Capital Group by 913.9% in the fourth quarter. Wilkinson Global Asset Management LLC now owns 40,402 shares of the financial services provider’s stock valued at $18,792,000 after buying an additional 36,417 shares during the period. Institutional investors and hedge funds own 85.36% of the company’s stock.

Kinsale Capital Group Trading Down 0.1 %

NYSE:KNSL opened at $441.72 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a 50-day moving average of $455.49 and a 200-day moving average of $465.68. The company has a market cap of $10.29 billion, a PE ratio of 24.83, a PEG ratio of 1.65 and a beta of 1.15. Kinsale Capital Group, Inc. has a one year low of $355.12 and a one year high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last posted its earnings results on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, topping the consensus estimate of $4.23 by $0.39. The company had revenue of $412.12 million during the quarter, compared to the consensus estimate 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 18.15 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be given a dividend of $0.17 per share. 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. This represents a $0.68 annualized dividend and a dividend yield of 0.15%. Kinsale Capital Group’s payout ratio is presently 3.37%.

Wall Street Analyst Weigh In

KNSL has been the topic of several recent analyst reports. JMP Securities restated a “market perform” rating on shares of Kinsale Capital Group in a report on Friday, February 14th. JPMorgan Chase & Co. dropped their target price on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. BMO Capital Markets lifted their price target on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a research note on Thursday, November 21st. 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 note on Tuesday. Finally, Wolfe Research raised shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price target for the company in a research note on Monday, October 28th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $468.56.

Insider Transactions at Kinsale Capital Group

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 500 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Frederick L. Jr. Russell sold 4,440 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was 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 directly owns 447 shares of the company’s stock, valued at $223,191.57. The trade was a 90.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,235 shares of company stock valued at $3,618,954 over the last three months. Corporate insiders own 5.60% of the company’s stock.

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.