Peloton Wealth Strategists Has $1.94 Million Position in Kinsale Capital Group, Inc. $KNSL

Peloton Wealth Strategists raised its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 95.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,967 shares of the financial services provider’s stock after buying an additional 2,420 shares during the quarter. Peloton Wealth Strategists’ holdings in Kinsale Capital Group were worth $1,943,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Vident Advisory LLC boosted its position in shares of Kinsale Capital Group by 2.9% during the 2nd quarter. Vident Advisory LLC now owns 825 shares of the financial services provider’s stock valued at $399,000 after acquiring an additional 23 shares in the last quarter. Kingswood Wealth Advisors LLC raised its position in Kinsale Capital Group by 3.3% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 867 shares of the financial services provider’s stock worth $339,000 after purchasing an additional 28 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in Kinsale Capital Group by 20.9% during the second quarter. Smartleaf Asset Management LLC now owns 162 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 28 shares during the period. Signaturefd LLC lifted its stake in Kinsale Capital Group by 39.0% during the fourth quarter. Signaturefd LLC now owns 107 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 30 shares during the period. Finally, CWM LLC boosted its holdings in Kinsale Capital Group by 5.3% during the fourth quarter. CWM LLC now owns 592 shares of the financial services provider’s stock valued at $232,000 after purchasing an additional 30 shares in the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

Insider Transactions at Kinsale Capital Group

In related news, insider Salmaan K. Allibhai sold 250 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $311.17, for a total transaction of $77,792.50. Following the transaction, the insider owned 3,645 shares in the company, valued at $1,134,214.65. This represents a 6.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael P. Kehoe sold 22,576 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $302.66, for a total transaction of $6,832,852.16. Following the sale, the chief executive officer directly owned 308,048 shares in the company, valued at approximately $93,233,807.68. This represents a 6.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on KNSL shares. Royal Bank Of Canada dropped their target price on Kinsale Capital Group from $385.00 to $375.00 and set a “sector perform” rating for the company in a report on Monday, April 27th. Weiss Ratings lowered Kinsale Capital Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, April 27th. JPMorgan Chase & Co. lowered their price target on Kinsale Capital Group from $450.00 to $410.00 and set a “neutral” rating on the stock in a research report on Monday, February 23rd. Jefferies Financial Group lowered Kinsale Capital Group from a “hold” rating to an “underperform” rating and dropped their price objective for the stock from $392.00 to $312.00 in a research note on Thursday, March 19th. Finally, Truist Financial cut their price objective on Kinsale Capital Group from $450.00 to $405.00 and set a “buy” rating for the company in a report on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Kinsale Capital Group has an average rating of “Hold” and an average price target of $390.18.

Kinsale Capital Group Stock Performance

NYSE KNSL opened at $312.59 on Wednesday. Kinsale Capital Group, Inc. has a 1-year low of $287.20 and a 1-year high of $512.76. The company has a 50 day moving average of $322.67 and a 200-day moving average of $359.59. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.11. The firm has a market cap of $7.21 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 1.01 and a beta of 0.91.

Kinsale Capital Group (NYSE:KNSL) last announced its earnings results on Thursday, April 23rd. The financial services provider reported $5.11 EPS for the quarter, topping the consensus estimate of $4.70 by $0.41. Kinsale Capital Group had a return on equity of 25.82% and a net margin of 27.48%.The business had revenue of $466.71 million for the quarter, compared to the consensus estimate of $410.25 million. During the same period in the previous year, the business earned $3.71 EPS. Kinsale Capital Group’s revenue was down .5% compared to the same quarter last year. On average, equities analysts forecast that Kinsale Capital Group, Inc. will post 20.54 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Thursday, May 28th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.3%. Kinsale Capital Group’s payout ratio is currently 4.40%.

Kinsale Capital Group Company Profile

Kinsale Capital Group, Inc (NYSE:KNSL) is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company’s product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.