Hantz Financial Services Inc. Grows Stock Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Hantz Financial Services Inc. lifted its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 37,400.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,500 shares of the financial services provider’s stock after acquiring an additional 1,496 shares during the period. Hantz Financial Services Inc.’s holdings in Kinsale Capital Group were worth $698,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of KNSL. Benjamin Edwards Inc. grew its position in Kinsale Capital Group by 9.9% during the 2nd quarter. Benjamin Edwards Inc. now owns 267 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 24 shares during the last quarter. Leibman Financial Services Inc. increased its holdings in shares of Kinsale Capital Group by 0.5% in the third quarter. Leibman Financial Services Inc. now owns 4,562 shares of the financial services provider’s stock valued at $2,124,000 after purchasing an additional 24 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Kinsale Capital Group by 9.2% in the second quarter. Parkside Financial Bank & Trust now owns 331 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 28 shares during the last quarter. CWM LLC lifted its holdings in shares of Kinsale Capital Group by 8.8% during the third 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. Finally, Fifth Third Wealth Advisors LLC boosted its position in Kinsale Capital Group by 5.1% in the third quarter. Fifth Third Wealth Advisors LLC now owns 763 shares of the financial services provider’s stock valued at $355,000 after buying an additional 37 shares during the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on KNSL shares. Wolfe Research upgraded shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price objective for the company in a research note on Monday, October 28th. BMO Capital Markets upped their price target on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. decreased their price objective on Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Jefferies Financial Group raised their target price on Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, Royal Bank of Canada decreased their price target on Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating for the company in a report on Monday, October 28th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $456.88.

Kinsale Capital Group Trading Down 1.4 %

Shares of NYSE:KNSL opened at $508.44 on Monday. The business’s 50 day moving average price is $466.06 and its 200-day moving average price is $437.40. Kinsale Capital Group, Inc. has a 1 year low of $325.01 and a 1 year high of $548.47. The firm has a market capitalization of $11.84 billion, a price-to-earnings ratio of 28.99, a price-to-earnings-growth ratio of 2.16 and a beta of 1.09. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.09 and a quick ratio of 0.09.

Kinsale Capital Group (NYSE:KNSL) last announced its earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.60 by $0.60. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. The business had revenue of $418.06 million for the quarter, compared to analyst estimates of $359.43 million. During the same quarter last year, the business earned $3.31 earnings per share. The company’s revenue for the quarter was up 33.0% compared to the same quarter last year. On average, equities research analysts forecast that Kinsale Capital Group, Inc. will post 15.52 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.15 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.12%. Kinsale Capital Group’s payout ratio is currently 3.42%.

Insiders Place Their Bets

In other news, Director Frederick L. Jr. Russell sold 4,440 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $499.31, for a total transaction of $2,216,936.40. Following the transaction, the director now directly owns 447 shares in the company, valued at $223,191.57. The trade was a 90.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.60% of the stock is currently owned by corporate insiders.

Kinsale Capital Group Company 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.