GWN Securities Inc. Invests $222,000 in Kinsale Capital Group, Inc. (NYSE:KNSL)

GWN Securities Inc. purchased a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 513 shares of the financial services provider’s stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Centurion Wealth Management LLC bought a new position in shares of Kinsale Capital Group during the 4th quarter worth $236,000. Envestnet Portfolio Solutions Inc. grew its position in shares of Kinsale Capital Group by 1.2% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,250 shares of the financial services provider’s stock worth $1,512,000 after buying an additional 38 shares in the last quarter. Hughes Financial Services LLC bought a new position in shares of Kinsale Capital Group during the 4th quarter worth $1,441,000. Commonwealth Equity Services LLC grew its position in shares of Kinsale Capital Group by 42.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 7,788 shares of the financial services provider’s stock worth $3,622,000 after buying an additional 2,322 shares in the last quarter. Finally, Erste Asset Management GmbH grew its position in shares of Kinsale Capital Group by 12.5% during the 4th quarter. Erste Asset Management GmbH now owns 44,994 shares of the financial services provider’s stock worth $20,989,000 after buying an additional 5,003 shares in the last quarter. Institutional investors own 85.36% of the company’s stock.

Analysts Set New Price Targets

KNSL has been the topic of a number of recent research reports. Morgan Stanley dropped their price objective on Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Truist Financial raised their price objective on Kinsale Capital Group from $480.00 to $525.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. BMO Capital Markets raised their price objective on Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a research report on Thursday, November 21st. JMP Securities reaffirmed a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Finally, 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. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $468.56.

Kinsale Capital Group Trading Up 0.5 %

Kinsale Capital Group stock opened at $457.63 on Tuesday. The stock has a 50-day moving average of $444.13 and a two-hundred day moving average of $460.94. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. Kinsale Capital Group, Inc. has a one year low of $355.12 and a one year high of $536.84. The stock has a market cap of $10.65 billion, a PE ratio of 25.72, a price-to-earnings-growth ratio of 1.66 and a beta of 1.25.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $412.12 million during the quarter, compared to analysts’ expectations of $418.32 million. On average, research analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.15%. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, February 27th. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.82%.

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.