Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lowered its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 70.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,378 shares of the financial services provider’s stock after selling 24,405 shares during the period. Federated Hermes Inc.’s holdings in Kinsale Capital Group were worth $3,998,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Headlands Technologies LLC bought a new stake in shares of Kinsale Capital Group in the 1st quarter worth about $25,000. Trust Co. of Vermont increased its holdings in Kinsale Capital Group by 113.6% in the second quarter. Trust Co. of Vermont now owns 94 shares of the financial services provider’s stock valued at $36,000 after buying an additional 50 shares during the last quarter. Brown Brothers Harriman & Co. bought a new stake in Kinsale Capital Group in the fourth quarter valued at about $33,000. Quarry LP acquired a new stake in Kinsale Capital Group during the fourth quarter valued at approximately $40,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in 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 worth $64,000 after buying an additional 107 shares during the last quarter. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KNSL has been the topic of several research analyst reports. Wolfe Research cut Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a research note on Monday. Royal Bank of Canada raised their price target on shares of Kinsale Capital Group from $425.00 to $455.00 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. Truist Financial boosted their price objective on shares of Kinsale Capital Group from $440.00 to $485.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Oppenheimer started coverage on shares of Kinsale Capital Group in a report on Friday, July 12th. They issued a “market perform” rating on the stock. Finally, JPMorgan Chase & Co. upped their target price on Kinsale Capital Group from $400.00 to $420.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Kinsale Capital Group has an average rating of “Hold” and an average target price of $443.38.

Kinsale Capital Group Stock Performance

Shares of KNSL stock opened at $453.60 on Thursday. Kinsale Capital Group, Inc. has a 12-month low of $325.01 and a 12-month high of $548.47. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.13 and a quick ratio of 0.13. The firm has a market capitalization of $10.56 billion, a price-to-earnings ratio of 30.14, a price-to-earnings-growth ratio of 1.98 and a beta of 1.08. The business has a 50 day simple moving average of $449.44 and a 200 day simple moving average of $435.89.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings results on Thursday, July 25th. The financial services provider reported $3.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.52 by $0.23. Kinsale Capital Group had a return on equity of 30.33% and a net margin of 26.08%. The company had revenue of $384.55 million during the quarter, compared to analysts’ expectations of $410.20 million. During the same quarter in the prior year, the business posted $2.88 earnings per share. The company’s revenue for the quarter was up 30.0% compared to the same quarter last year. On average, equities research analysts anticipate that Kinsale Capital Group, Inc. will post 15.31 EPS for the current year.

Kinsale Capital Group Dividend Announcement

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

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.