Wealth Enhancement Advisory Services LLC Sells 552 Shares of Kinsale Capital Group, Inc. $KNSL

Wealth Enhancement Advisory Services LLC lessened its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 19.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,276 shares of the financial services provider’s stock after selling 552 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Kinsale Capital Group were worth $1,084,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in KNSL. NBC Securities Inc. bought a new stake in shares of Kinsale Capital Group during the 1st quarter worth approximately $35,000. Merit Financial Group LLC bought a new stake in shares of Kinsale Capital Group during the 1st quarter worth approximately $441,000. HBW Advisory Services LLC lifted its holdings in shares of Kinsale Capital Group by 11.6% during the 1st quarter. HBW Advisory Services LLC now owns 646 shares of the financial services provider’s stock worth $314,000 after acquiring an additional 67 shares during the period. Portside Wealth Group LLC bought a new stake in shares of Kinsale Capital Group during the 1st quarter worth approximately $279,000. Finally, Congress Asset Management Co. lifted its holdings in shares of Kinsale Capital Group by 8.6% during the 1st quarter. Congress Asset Management Co. now owns 55,234 shares of the financial services provider’s stock worth $26,883,000 after acquiring an additional 4,385 shares during the period. Institutional investors own 85.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Cantor Fitzgerald raised shares of Kinsale Capital Group to a “hold” rating in a research note on Wednesday, August 13th. Compass Point increased their price objective on shares of Kinsale Capital Group from $432.00 to $490.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. Wall Street Zen raised shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a research note on Sunday, June 22nd. BMO Capital Markets increased their price objective on shares of Kinsale Capital Group from $429.00 to $474.00 and gave the company a “market perform” rating in a research note on Tuesday, July 29th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Kinsale Capital Group from $440.00 to $460.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $505.80.

Kinsale Capital Group Trading Down 1.7%

Shares of NYSE KNSL opened at $418.13 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.10 and a current ratio of 0.10. Kinsale Capital Group, Inc. has a 52-week low of $405.00 and a 52-week high of $531.79. The firm has a 50 day moving average price of $443.68 and a two-hundred day moving average price of $460.72. The stock has a market cap of $9.74 billion, a P/E ratio of 21.81, a price-to-earnings-growth ratio of 1.56 and a beta of 1.09.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings data on Thursday, July 24th. The financial services provider reported $4.78 earnings per share for the quarter, topping the consensus estimate of $4.41 by $0.37. Kinsale Capital Group had a net margin of 25.92% and a return on equity of 25.93%. The company had revenue of $458.70 million during the quarter, compared to analysts’ expectations of $436.25 million. During the same period in the prior year, the company posted $3.75 earnings per share. Kinsale Capital Group’s revenue for the quarter was up 22.2% compared to the same quarter last year. As a group, equities analysts forecast that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 11th. Investors of record on Friday, August 29th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, August 29th. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 3.55%.

Kinsale Capital Group 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.