Legacy Wealth Asset Management LLC Reduces Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Legacy Wealth Asset Management LLC reduced its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,743 shares of the financial services provider’s stock after selling 34 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Kinsale Capital Group were worth $811,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Argent Capital Management LLC purchased a new position in shares of Kinsale Capital Group in the fourth quarter worth $1,736,000. Outlook Wealth Advisors LLC purchased a new stake in shares of Kinsale Capital Group during the fourth quarter worth about $459,000. Park Avenue Securities LLC grew its stake in shares of Kinsale Capital Group by 19.1% in the fourth quarter. Park Avenue Securities LLC now owns 2,670 shares of the financial services provider’s stock worth $1,242,000 after purchasing an additional 429 shares during the last quarter. ORG Wealth Partners LLC increased its holdings in Kinsale Capital Group by 450.9% during the 4th quarter. ORG Wealth Partners LLC now owns 303 shares of the financial services provider’s stock valued at $141,000 after purchasing an additional 248 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Kinsale Capital Group by 7.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,195 shares of the financial services provider’s stock valued at $1,022,000 after purchasing an additional 157 shares during the period. 85.36% of the stock is owned by hedge funds and other institutional investors.

Kinsale Capital Group Trading Up 0.4 %

NYSE:KNSL opened at $437.92 on Friday. The firm has a market capitalization of $10.20 billion, a P/E ratio of 24.97, a PEG ratio of 1.52 and a beta of 1.16. 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, Inc. has a one year low of $355.12 and a one year high of $548.47. The company’s 50-day simple moving average is $473.91 and its 200 day simple moving average is $455.88.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results on Thursday, October 24th. The financial services provider reported $4.20 EPS for the quarter, topping the consensus estimate of $3.60 by $0.60. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. The business had revenue of $418.06 million for the quarter, compared to the consensus estimate of $359.43 million. During the same period in the previous year, the company posted $3.31 earnings per share. The company’s revenue for the quarter was up 33.0% compared to the same quarter last year. As a group, analysts forecast that Kinsale Capital Group, Inc. will post 15.66 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.14%. The ex-dividend date of this dividend was Friday, November 29th. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.42%.

Insider Buying and Selling at Kinsale Capital Group

In related news, EVP Diane D. Schnupp sold 500 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $510.00, for a total transaction of $255,000.00. Following the sale, the executive vice president now directly owns 6,994 shares of the company’s stock, valued at $3,566,940. This trade represents a 6.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Frederick L. Jr. Russell sold 4,440 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $499.31, for a total value of $2,216,936.40. Following the completion of the transaction, the director now directly owns 447 shares of the company’s stock, valued at approximately $223,191.57. This trade represents a 90.85 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,235 shares of company stock worth $3,618,954. 5.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on KNSL shares. Jefferies Financial Group lifted their price objective on Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. BMO Capital Markets raised 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. Royal Bank of Canada reduced their price objective on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a research report on Monday, October 28th. Morgan Stanley initiated coverage on shares of Kinsale Capital Group in a research report on Thursday, December 5th. They issued an “overweight” rating and a $593.00 target price for the company. Finally, JPMorgan Chase & Co. reduced 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 research report on Friday, January 3rd. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $468.89.

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.