Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Bought by Hantz Financial Services Inc.

Hantz Financial Services Inc. increased its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 37,400.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,500 shares of the financial services provider’s stock after buying an additional 1,496 shares during the quarter. Hantz Financial Services Inc.’s holdings in Kinsale Capital Group were worth $698,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Benjamin Edwards Inc. grew its holdings in shares of 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 period. Leibman Financial Services Inc. boosted its stake in Kinsale Capital Group by 0.5% during the third quarter. Leibman Financial Services Inc. now owns 4,562 shares of the financial services provider’s stock worth $2,124,000 after buying an additional 24 shares during the period. Parkside Financial Bank & Trust increased its position in shares of Kinsale Capital Group by 9.2% during the second quarter. Parkside Financial Bank & Trust now owns 331 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 28 shares during the last quarter. CWM LLC raised its stake in shares of Kinsale Capital Group by 8.8% in the 3rd quarter. CWM LLC now owns 406 shares of the financial services provider’s stock valued at $189,000 after acquiring an additional 33 shares during the period. Finally, Fifth Third Wealth Advisors LLC lifted its holdings in shares of Kinsale Capital Group by 5.1% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 763 shares of the financial services provider’s stock worth $355,000 after acquiring an additional 37 shares during the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 shares were sold at an average price of $499.31, for a total transaction of $2,216,936.40. Following the completion of the sale, the director now owns 447 shares in the company, valued at approximately $223,191.57. The trade was a 90.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.60% of the company’s stock.

Kinsale Capital Group Stock Down 1.4 %

Shares of Kinsale Capital Group stock opened at $508.44 on Monday. Kinsale Capital Group, Inc. has a 52-week low of $325.01 and a 52-week high of $548.47. The company has a 50 day moving average of $466.06 and a 200 day moving average of $437.40. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $11.84 billion, a P/E ratio of 28.99, a P/E/G ratio of 2.16 and a beta of 1.09.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.60 by $0.60. The business had revenue of $418.06 million during the quarter, compared to analysts’ expectations of $359.43 million. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. The company’s revenue for the quarter was up 33.0% on a year-over-year basis. During the same period in the previous year, the company earned $3.31 EPS. As a group, research analysts forecast that Kinsale Capital Group, Inc. will post 15.52 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

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

Analysts Set New Price Targets

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

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.