Arete Wealth Advisors LLC Sells 36 Shares of Kinsale Capital Group, Inc. $KNSL

Arete Wealth Advisors LLC lessened its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 3.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,120 shares of the financial services provider’s stock after selling 36 shares during the quarter. Arete Wealth Advisors LLC’s holdings in Kinsale Capital Group were worth $545,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC boosted its holdings in shares of Kinsale Capital Group by 4.5% in the 1st quarter. Ashton Thomas Private Wealth LLC now owns 1,062 shares of the financial services provider’s stock valued at $517,000 after buying an additional 46 shares during the last quarter. Redwood Investments LLC lifted its holdings in shares of Kinsale Capital Group by 7.2% during the first quarter. Redwood Investments LLC now owns 3,201 shares of the financial services provider’s stock worth $1,558,000 after buying an additional 215 shares in the last quarter. Kestra Investment Management LLC increased its position in shares of Kinsale Capital Group by 38.4% in the first quarter. Kestra Investment Management LLC now owns 2,632 shares of the financial services provider’s stock worth $1,275,000 after purchasing an additional 730 shares during the period. Financial Strategies Group Inc. increased its position in shares of Kinsale Capital Group by 18.2% in the first quarter. Financial Strategies Group Inc. now owns 1,506 shares of the financial services provider’s stock worth $729,000 after purchasing an additional 232 shares during the period. Finally, Hancock Whitney Corp increased its stake in shares of Kinsale Capital Group by 4.3% in the 1st quarter. Hancock Whitney Corp now owns 1,314 shares of the financial services provider’s stock valued at $640,000 after purchasing an additional 54 shares during the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on KNSL shares. BMO Capital Markets lifted their target price on Kinsale Capital Group from $429.00 to $474.00 and gave the company a “market perform” rating in a research report on Tuesday, July 29th. Wall Street Zen upgraded Kinsale Capital Group from a “sell” rating to a “hold” rating in a report on Sunday, June 22nd. Morgan Stanley lifted their target price on Kinsale Capital Group from $490.00 to $525.00 and gave the stock an “overweight” rating in a report on Monday, May 19th. Compass Point upped their target price on Kinsale Capital Group from $432.00 to $490.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Finally, JPMorgan Chase & Co. increased their price target on Kinsale Capital Group from $440.00 to $460.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Kinsale Capital Group has an average rating of “Hold” and an average target price of $505.80.

Kinsale Capital Group Trading Down 2.1%

NYSE KNSL opened at $442.24 on Wednesday. The stock has a market capitalization of $10.30 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 1.66 and a beta of 1.13. Kinsale Capital Group, Inc. has a one year low of $405.00 and a one year high of $531.79. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.10 and a quick ratio of 0.10. The business’s fifty day moving average is $461.69 and its 200-day moving average is $462.19.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results on Thursday, July 24th. The financial services provider reported $4.78 EPS for the quarter, topping analysts’ consensus estimates of $4.41 by $0.37. The company had revenue of $458.70 million for the quarter, compared to analysts’ expectations of $436.25 million. Kinsale Capital Group had a return on equity of 25.93% and a net margin of 25.92%.The business’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same period in the previous year, the business posted $3.75 EPS. Equities research analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.68 annualized dividend and a yield of 0.2%. Kinsale Capital Group’s dividend payout ratio (DPR) is 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.