Kinsale Capital Group, Inc. (NYSE:KNSL) Position Decreased by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 71.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,163 shares of the financial services provider’s stock after selling 53,713 shares during the quarter. Victory Capital Management Inc. owned 0.09% of Kinsale Capital Group worth $8,154,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in shares of Kinsale Capital Group during the 1st quarter valued at $25,000. Trust Co. of Vermont boosted its position in Kinsale Capital Group by 113.6% during the second quarter. Trust Co. of Vermont now owns 94 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 50 shares during the period. Brown Brothers Harriman & Co. purchased a new position in shares of Kinsale Capital Group in the fourth quarter worth about $33,000. Quarry LP bought a new stake in shares of Kinsale Capital Group in the fourth quarter valued at approximately $40,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Kinsale Capital Group by 713.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 122 shares of the financial services provider’s stock valued at $64,000 after buying an additional 107 shares in the last quarter. 85.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Royal Bank of Canada increased their price objective on Kinsale Capital Group from $425.00 to $455.00 and gave the company a “sector perform” rating in a research report on Monday, July 29th. Truist Financial raised their price objective on Kinsale Capital Group from $440.00 to $485.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Oppenheimer assumed coverage on Kinsale Capital Group in a research note on Friday, July 12th. They set a “market perform” rating on the stock. JPMorgan Chase & Co. upped their price objective on shares of Kinsale Capital Group from $400.00 to $420.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Finally, TD Cowen initiated coverage on shares of Kinsale Capital Group in a research report on Monday, May 20th. They set a “hold” rating and a $403.00 target price on the stock. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Kinsale Capital Group has an average rating of “Hold” and an average target price of $443.38.

Kinsale Capital Group Trading Up 1.6 %

Shares of KNSL stock opened at $464.53 on Monday. Kinsale Capital Group, Inc. has a fifty-two week low of $325.01 and a fifty-two week high of $548.47. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.15. The business has a fifty day simple moving average of $444.83 and a 200-day simple moving average of $436.64. The stock has a market cap of $10.82 billion, a P/E ratio of 30.87, a P/E/G ratio of 1.98 and a beta of 1.08.

Kinsale Capital Group (NYSE:KNSL) last announced its earnings results on Thursday, July 25th. The financial services provider reported $3.75 EPS for the quarter, beating analysts’ consensus estimates of $3.52 by $0.23. The firm had revenue of $384.55 million for the quarter, compared to analysts’ expectations of $410.20 million. Kinsale Capital Group had a return on equity of 30.33% and a net margin of 26.08%. Kinsale Capital Group’s quarterly revenue was up 30.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.88 EPS. On average, analysts forecast that Kinsale Capital Group, Inc. will post 15.31 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.13%. The ex-dividend date was Thursday, August 29th. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.99%.

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.