United Capital Financial Advisors LLC Makes New $4.70 Million Investment in Kinsale Capital Group, Inc. $KNSL

United Capital Financial Advisors LLC acquired a new stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 14,262 shares of the financial services provider’s stock, valued at approximately $4,704,000. United Capital Financial Advisors LLC owned 0.06% of Kinsale Capital Group as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bayban acquired a new stake in shares of Kinsale Capital Group during the 4th quarter worth about $25,000. International Assets Investment Management LLC acquired a new position in Kinsale Capital Group in the fourth quarter valued at about $29,000. Johnson Financial Group Inc. boosted its position in Kinsale Capital Group by 257.1% in the third quarter. Johnson Financial Group Inc. now owns 75 shares of the financial services provider’s stock valued at $32,000 after buying an additional 54 shares in the last quarter. Larson Financial Group LLC grew its stake in Kinsale Capital Group by 225.0% during the third quarter. Larson Financial Group LLC now owns 78 shares of the financial services provider’s stock worth $33,000 after buying an additional 54 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in Kinsale Capital Group during the second quarter worth about $38,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

Insiders Place Their Bets

In other Kinsale Capital Group news, CAO Christopher R. Tangard acquired 330 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were acquired at an average cost of $304.00 per share, for a total transaction of $100,320.00. Following the completion of the acquisition, the chief accounting officer directly owned 380 shares of the company’s stock, valued at approximately $115,520. This represents a 660.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.60% of the stock is owned by corporate insiders.

Kinsale Capital Group Stock Down 0.1%

NYSE KNSL opened at $381.25 on Friday. The stock has a fifty day moving average of $354.41 and a 200-day moving average of $344.98. The stock has a market capitalization of $8.68 billion, a P/E ratio of 15.45, a price-to-earnings-growth ratio of 1.21 and a beta of 0.89. Kinsale Capital Group, Inc. has a 52 week low of $287.20 and a 52 week high of $485.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.09 and a current ratio of 0.09.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $5.54 EPS for the quarter, topping analysts’ consensus estimates of $5.11 by $0.43. The firm had revenue of $548.52 million during the quarter, compared to analyst estimates of $445.13 million. Kinsale Capital Group had a return on equity of 25.54% and a net margin of 28.49%.The company’s revenue was up 16.8% on a year-over-year basis. During the same period last year, the company earned $4.78 earnings per share. On average, equities research analysts forecast that Kinsale Capital Group, Inc. will post 21.1 EPS for the current year.

Kinsale Capital Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Friday, August 28th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, August 28th. Kinsale Capital Group’s payout ratio is 4.05%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company lifted their target price on shares of Kinsale Capital Group from $366.00 to $377.00 and gave the company an “equal weight” rating in a research note on Monday, July 27th. Weiss Ratings upgraded Kinsale Capital Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 19th. JPMorgan Chase & Co. raised their price target on Kinsale Capital Group from $380.00 to $390.00 and gave the company a “neutral” rating in a report on Monday, July 20th. Morgan Stanley lifted their price objective on Kinsale Capital Group from $345.00 to $390.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 19th. Finally, Wall Street Zen raised Kinsale Capital Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Kinsale Capital Group presently has an average rating of “Reduce” and an average target price of $368.78.

About Kinsale Capital Group

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.