Marshall Financial Group LLC Makes New $919,000 Investment in Kinsale Capital Group, Inc. (NYSE:KNSL)

Marshall Financial Group LLC purchased a new stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,976 shares of the financial services provider’s stock, valued at approximately $919,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in KNSL. Leibman Financial Services Inc. raised its holdings in shares of Kinsale Capital Group by 0.5% in the 3rd quarter. Leibman Financial Services Inc. now owns 4,562 shares of the financial services provider’s stock valued at $2,124,000 after purchasing an additional 24 shares in the last quarter. Ballentine Partners LLC raised its stake in Kinsale Capital Group by 4.6% in the fourth quarter. Ballentine Partners LLC now owns 573 shares of the financial services provider’s stock worth $267,000 after buying an additional 25 shares in the last quarter. CWM LLC boosted its position in Kinsale Capital Group by 8.8% during the 3rd quarter. CWM LLC now owns 406 shares of the financial services provider’s stock valued at $189,000 after acquiring an additional 33 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in shares of Kinsale Capital Group by 5.1% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 763 shares of the financial services provider’s stock valued at $355,000 after acquiring an additional 37 shares during the period. Finally, Exchange Traded Concepts LLC raised its position in shares of Kinsale Capital Group by 2.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,620 shares of the financial services provider’s stock worth $754,000 after acquiring an additional 40 shares in the last quarter. 85.36% of the stock is currently owned by institutional investors.

Kinsale Capital Group Price Performance

Shares of KNSL opened at $432.09 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.09 and a quick ratio of 0.09. The company’s fifty day moving average price is $469.84 and its 200-day moving average price is $458.09. Kinsale Capital Group, Inc. has a 1-year low of $355.12 and a 1-year high of $548.47. The firm has a market capitalization of $10.06 billion, a PE ratio of 24.63, a price-to-earnings-growth ratio of 1.61 and a beta of 1.16.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings results 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 return on equity of 28.87% and a net margin of 26.80%. The company had revenue of $418.06 million during the quarter, compared to analysts’ expectations of $359.43 million. During the same quarter in the previous year, the firm posted $3.31 EPS. The firm’s revenue was up 33.0% compared to the same quarter last year. On average, equities research analysts predict that Kinsale Capital Group, Inc. will post 15.67 EPS for the current year.

Kinsale Capital Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $0.15 per share. 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 (DPR) is 3.42%.

Insider Buying and Selling

In other news, Director James Joseph Ritchie sold 2,295 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $499.79, for a total value of $1,147,018.05. Following the completion of the transaction, the director now owns 7,348 shares of the company’s stock, valued at $3,672,456.92. The trade was a 23.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Frederick L. Jr. Russell sold 4,440 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $499.31, for a total value of $2,216,936.40. Following the sale, the director now directly owns 447 shares in the company, valued at approximately $223,191.57. This trade represents a 90.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,235 shares of company stock worth $3,618,954. 5.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KNSL. JPMorgan Chase & Co. dropped their price objective on 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. Jefferies Financial Group lifted their price objective on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Wolfe Research raised shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 target price for the company in a research report on Monday, October 28th. Morgan Stanley initiated coverage on shares of Kinsale Capital Group in a report on Thursday, December 5th. They issued an “overweight” rating and a $593.00 price target on the stock. Finally, Royal Bank of Canada reduced their price target on Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a research report on Monday, October 28th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $468.89.

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.