Outlook Wealth Advisors LLC Takes $459,000 Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Outlook Wealth Advisors LLC bought a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 987 shares of the financial services provider’s stock, valued at approximately $459,000.

A number of other large investors also recently added to or reduced their stakes in the company. Choreo LLC purchased a new position in Kinsale Capital Group during the 2nd quarter valued at about $250,000. Thoroughbred Financial Services LLC acquired a new position in shares of Kinsale Capital Group in the second quarter valued at approximately $203,000. Envestnet Asset Management Inc. grew its holdings in shares of Kinsale Capital Group by 1.0% in the second quarter. Envestnet Asset Management Inc. now owns 118,951 shares of the financial services provider’s stock valued at $45,830,000 after purchasing an additional 1,142 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in Kinsale Capital Group during the 2nd quarter worth approximately $5,283,000. Finally, Amalgamated Bank boosted its position in Kinsale Capital Group by 1.1% in the 2nd quarter. Amalgamated Bank now owns 12,368 shares of the financial services provider’s stock valued at $4,765,000 after buying an additional 133 shares during the period. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KNSL. Truist Financial reduced their price objective on Kinsale Capital Group from $500.00 to $480.00 and set a “buy” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. lowered their target price on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. BMO Capital Markets raised their price target on 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. Wolfe Research raised Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price target for the company in a report on Monday, October 28th. Finally, Royal Bank of Canada cut their target price on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a report on Monday, October 28th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Kinsale Capital Group presently has a consensus rating of “Hold” and an average price target of $468.89.

Kinsale Capital Group Price Performance

Shares of NYSE KNSL opened at $434.58 on Thursday. The company’s fifty day moving average is $474.12 and its two-hundred day moving average is $456.01. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market capitalization of $10.12 billion, a P/E ratio of 24.78, a PEG ratio of 1.52 and a beta of 1.16. 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 released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.20 EPS for the quarter, topping analysts’ consensus estimates of $3.60 by $0.60. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. The firm had revenue of $418.06 million for the quarter, compared to the consensus estimate of $359.43 million. During the same quarter in the previous year, the firm earned $3.31 earnings per share. The firm’s revenue was up 33.0% on a year-over-year basis. Analysts forecast that Kinsale Capital Group, Inc. will post 15.66 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date was Friday, November 29th. Kinsale Capital Group’s dividend payout ratio is currently 3.42%.

Insider Activity at Kinsale Capital Group

In other Kinsale Capital Group news, Director James Joseph Ritchie sold 2,295 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $499.79, for a total transaction of $1,147,018.05. Following the completion of the transaction, the director now directly owns 7,348 shares in the company, valued at approximately $3,672,456.92. This trade represents a 23.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction of $255,000.00. Following the completion of the sale, the executive vice president now directly owns 6,994 shares in the company, valued at $3,566,940. This trade represents a 6.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,235 shares of company stock valued at $3,618,954 in the last ninety days. Corporate insiders own 5.60% 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.