Americana Partners LLC Buys 50 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Americana Partners LLC lifted its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 6.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 850 shares of the financial services provider’s stock after acquiring an additional 50 shares during the quarter. Americana Partners LLC’s holdings in Kinsale Capital Group were worth $395,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Ballentine Partners LLC boosted its stake in Kinsale Capital Group by 4.6% in the 4th quarter. Ballentine Partners LLC now owns 573 shares of the financial services provider’s stock worth $267,000 after purchasing an additional 25 shares during the period. Caprock Group LLC boosted its stake in Kinsale Capital Group by 1.7% in the 4th quarter. Caprock Group LLC now owns 1,653 shares of the financial services provider’s stock worth $769,000 after purchasing an additional 28 shares during the period. CWM LLC boosted its stake in Kinsale Capital Group by 8.8% in the 3rd quarter. CWM LLC now owns 406 shares of the financial services provider’s stock worth $189,000 after purchasing an additional 33 shares during the period. Fifth Third Wealth Advisors LLC boosted its stake in 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 worth $355,000 after purchasing an additional 37 shares during the period. Finally, Nations Financial Group Inc. IA ADV boosted its stake in Kinsale Capital Group by 2.5% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 1,595 shares of the financial services provider’s stock worth $742,000 after purchasing an additional 39 shares during the period. 85.36% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director James Joseph Ritchie sold 2,295 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $499.79, for a total transaction of $1,147,018.05. Following the transaction, the director now owns 7,348 shares of the company’s stock, valued at approximately $3,672,456.92. This represents a 23.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Diane D. Schnupp sold 500 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $510.00, for a total value of $255,000.00. Following the transaction, the executive vice president now directly owns 6,994 shares in the company, valued at $3,566,940. The trade was a 6.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,235 shares of company stock worth $3,618,954 over the last quarter. Company insiders own 5.60% of the company’s stock.

Kinsale Capital Group Stock Performance

NYSE:KNSL opened at $441.50 on Wednesday. The stock’s fifty day moving average is $458.10 and its 200 day moving average is $465.89. Kinsale Capital Group, Inc. has a fifty-two week low of $355.12 and a fifty-two week high of $548.47. The firm has a market capitalization of $10.28 billion, a PE ratio of 25.17, a PEG ratio of 1.82 and a beta of 1.15. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.09 and a current ratio of 0.09.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share for the quarter, beating the consensus estimate of $4.23 by $0.39. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. The company had revenue of $412.12 million for the quarter, compared to analyst estimates of $418.32 million. On average, sell-side analysts anticipate that Kinsale Capital Group, Inc. will post 15.67 earnings per share for the current year.

Kinsale Capital Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be paid a $0.17 dividend. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.15. The ex-dividend date is Thursday, February 27th. This represents a $0.68 dividend on an annualized basis and a yield of 0.15%. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.42%.

Analysts Set New Price Targets

Several research analysts have weighed in on KNSL shares. BMO Capital Markets upped their price target on Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a research note on Thursday, November 21st. Royal Bank of Canada reiterated a “sector perform” rating and set a $500.00 target price on shares of Kinsale Capital Group in a research report on Tuesday. JMP Securities reiterated a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Wolfe Research upgraded 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. Finally, Morgan Stanley lowered their target price on Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $468.56.

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.