Elevate Capital Advisors LLC Invests $1.08 Million in Kinsale Capital Group, Inc. $KNSL

Elevate Capital Advisors LLC bought a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,755 shares of the financial services provider’s stock, valued at approximately $1,078,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Bamco Inc. NY lifted its position in shares of Kinsale Capital Group by 1.4% during the third quarter. Bamco Inc. NY now owns 1,788,590 shares of the financial services provider’s stock worth $760,616,000 after purchasing an additional 24,796 shares during the last quarter. DAVENPORT & Co LLC lifted its position in shares of Kinsale Capital Group by 1.9% during the fourth quarter. DAVENPORT & Co LLC now owns 530,043 shares of the financial services provider’s stock worth $208,443,000 after purchasing an additional 10,137 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Kinsale Capital Group by 6.0% during the third quarter. JPMorgan Chase & Co. now owns 450,044 shares of the financial services provider’s stock worth $191,386,000 after purchasing an additional 25,428 shares during the last quarter. Riverbridge Partners LLC lifted its position in shares of Kinsale Capital Group by 11.1% during the third quarter. Riverbridge Partners LLC now owns 290,524 shares of the financial services provider’s stock worth $123,548,000 after purchasing an additional 29,053 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of Kinsale Capital Group by 2.6% during the third quarter. Invesco Ltd. now owns 274,724 shares of the financial services provider’s stock worth $116,829,000 after purchasing an additional 6,934 shares during the last quarter. 85.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

KNSL has been the subject of several recent research reports. Cantor Fitzgerald decreased their price objective on Kinsale Capital Group from $360.00 to $280.00 and set a “neutral” rating for the company in a report on Thursday. Weiss Ratings restated a “hold (c)” rating on shares of Kinsale Capital Group in a report on Friday, March 27th. Wall Street Zen upgraded Kinsale Capital Group from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Wells Fargo & Company decreased their price objective on Kinsale Capital Group from $447.00 to $420.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Truist Financial decreased their price objective on Kinsale Capital Group from $510.00 to $450.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Kinsale Capital Group currently has a consensus rating of “Hold” and a consensus target price of $405.45.

Kinsale Capital Group Stock Performance

KNSL stock opened at $348.68 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.08 and a quick ratio of 0.08. The business has a 50-day moving average price of $366.60 and a 200 day moving average price of $391.95. The company has a market capitalization of $8.07 billion, a P/E ratio of 16.09, a PEG ratio of 1.14 and a beta of 1.08. Kinsale Capital Group, Inc. has a 1-year low of $321.97 and a 1-year high of $512.76.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings data on Thursday, February 12th. The financial services provider reported $5.81 earnings per share for the quarter, beating the consensus estimate of $5.30 by $0.51. The firm had revenue of $483.27 million during the quarter, compared to the consensus estimate of $467.66 million. Kinsale Capital Group had a return on equity of 25.45% and a net margin of 26.87%.During the same period in the previous year, the company posted $4.62 earnings per share. As a group, equities research analysts forecast that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Thursday, February 26th were issued a $0.25 dividend. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.17. This represents a $1.00 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Thursday, February 26th. Kinsale Capital Group’s dividend payout ratio is presently 4.61%.

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.