Alliance Wealth Advisors LLC UT Has $240,000 Stock Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Alliance Wealth Advisors LLC UT grew its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 5.9% in the 4th quarter, HoldingsChannel reports. The fund owned 717 shares of the financial services provider’s stock after purchasing an additional 40 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Kinsale Capital Group were worth $240,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. Carnegie Capital Asset Management LLC bought a new stake in Kinsale Capital Group in the 4th quarter valued at $8,002,000. Navellier & Associates Inc. bought a new position in Kinsale Capital Group during the third quarter worth about $975,000. Scout Investments Inc. raised its stake in Kinsale Capital Group by 38.0% in the 3rd quarter. Scout Investments Inc. now owns 94,729 shares of the financial services provider’s stock worth $38,780,000 after purchasing an additional 26,084 shares in the last quarter. Jupiter Asset Management Ltd. boosted its holdings in Kinsale Capital Group by 116.1% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 12,381 shares of the financial services provider’s stock valued at $5,127,000 after purchasing an additional 6,651 shares during the period. Finally, Kornitzer Capital Management Inc. KS increased its holdings in shares of Kinsale Capital Group by 83.5% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 29,730 shares of the financial services provider’s stock worth $9,957,000 after purchasing an additional 13,530 shares during the period. Institutional investors own 85.36% of the company’s stock.

Insider Activity

In other Kinsale Capital Group news, CEO Michael P. Kehoe sold 4,000 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $523.73, for a total transaction of $2,094,920.00. Following the sale, the chief executive officer now owns 303,972 shares of the company’s stock, valued at $159,199,255.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Kinsale Capital Group news, CEO Michael P. Kehoe sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $523.73, for a total value of $2,094,920.00. Following the transaction, the chief executive officer now directly owns 303,972 shares of the company’s stock, valued at $159,199,255.56. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Frederick L. Jr. Russell sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $524.09, for a total transaction of $1,048,180.00. Following the sale, the director now directly owns 887 shares of the company’s stock, valued at approximately $464,867.83. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Royal Bank of Canada increased their target price on Kinsale Capital Group from $410.00 to $555.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. BMO Capital Markets downgraded Kinsale Capital Group from an “outperform” rating to a “market perform” rating and raised their target price for the company from $434.00 to $544.00 in a report on Wednesday, February 28th. Truist Financial boosted their price target on Kinsale Capital Group from $450.00 to $600.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. increased their target price on shares of Kinsale Capital Group from $375.00 to $420.00 and gave the stock a “neutral” rating in a report on Monday, February 26th. Four 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.com, Kinsale Capital Group has an average rating of “Hold” and an average price target of $510.00.

Kinsale Capital Group Trading Down 17.3 %

Shares of NYSE:KNSL traded down $78.45 during mid-day trading on Friday, reaching $374.64. 804,325 shares of the company’s stock were exchanged, compared to its average volume of 178,178. The business’s fifty day moving average price is $491.62 and its 200-day moving average price is $415.75. Kinsale Capital Group, Inc. has a twelve month low of $297.33 and a twelve month high of $548.47. The firm has a market capitalization of $8.69 billion, a price-to-earnings ratio of 24.89 and a beta of 0.89. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.12 and a current ratio of 0.12.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.50 EPS for the quarter, topping analysts’ consensus estimates of $3.33 by $0.17. Kinsale Capital Group had a return on equity of 32.92% and a net margin of 26.33%. The company had revenue of $372.79 million for the quarter, compared to analyst estimates of $366.45 million. During the same period in the previous year, the firm earned $2.44 earnings per share. The firm’s quarterly revenue was up 41.7% on a year-over-year basis. On average, research analysts predict that Kinsale Capital Group, Inc. will post 15.31 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Tuesday, February 27th were given a $0.15 dividend. The ex-dividend date was Monday, February 26th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.16%. This is an increase from Kinsale Capital Group’s previous quarterly dividend of $0.14. Kinsale Capital Group’s payout ratio is 3.99%.

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.