EverSource Wealth Advisors LLC Purchases 186 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

EverSource Wealth Advisors LLC increased its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 58.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 502 shares of the financial services provider’s stock after purchasing an additional 186 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Kinsale Capital Group were worth $233,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Ballentine Partners LLC lifted its position in Kinsale Capital Group by 4.6% during the fourth quarter. Ballentine Partners LLC now owns 573 shares of the financial services provider’s stock valued at $267,000 after buying an additional 25 shares during the period. Caprock Group LLC lifted its position in Kinsale Capital Group by 1.7% during the 4th quarter. Caprock Group LLC now owns 1,653 shares of the financial services provider’s stock valued at $769,000 after acquiring an additional 28 shares during the period. Fielder Capital Group LLC boosted its stake in Kinsale Capital Group by 5.5% during the fourth quarter. Fielder Capital Group LLC now owns 595 shares of the financial services provider’s stock worth $277,000 after acquiring an additional 31 shares in the last quarter. CIBC Asset Management Inc grew its holdings in Kinsale Capital Group by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 716 shares of the financial services provider’s stock worth $333,000 after purchasing an additional 36 shares during the period. Finally, Fifth Third Wealth Advisors LLC increased its stake in shares of Kinsale Capital Group by 5.1% during the third quarter. Fifth Third Wealth Advisors LLC now owns 763 shares of the financial services provider’s stock valued at $355,000 after purchasing an additional 37 shares in the last quarter. 85.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KNSL has been the topic of several recent research reports. 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. Truist Financial raised their price target on Kinsale Capital Group from $480.00 to $525.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Morgan Stanley dropped their price target on shares of Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Royal Bank of Canada restated a “sector perform” rating and set a $500.00 price objective on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. cut their price target on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $468.56.

Kinsale Capital Group Price Performance

Shares of KNSL opened at $455.32 on Monday. The firm has a fifty day simple moving average of $443.43 and a two-hundred day simple moving average of $461.14. The firm has a market cap of $10.60 billion, a PE ratio of 25.59, a P/E/G ratio of 1.66 and a beta of 1.25. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12. Kinsale Capital Group, Inc. has a 1-year low of $355.12 and a 1-year high of $536.84.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, beating analysts’ consensus estimates of $4.23 by $0.39. The company had revenue of $412.12 million during the quarter, compared to analysts’ expectations of $418.32 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. On average, equities analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were issued a $0.17 dividend. This is an increase from Kinsale Capital Group’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.15%. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.82%.

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.