SkyOak Wealth LLC Cuts Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

SkyOak Wealth LLC decreased its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 8.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 764 shares of the financial services provider’s stock after selling 67 shares during the quarter. SkyOak Wealth LLC’s holdings in Kinsale Capital Group were worth $294,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blair William & Co. IL raised its position in Kinsale Capital Group by 53.5% in the second quarter. Blair William & Co. IL now owns 40,439 shares of the financial services provider’s stock valued at $15,580,000 after purchasing an additional 14,090 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in Kinsale Capital Group by 15.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,507 shares of the financial services provider’s stock valued at $966,000 after purchasing an additional 338 shares during the period. Amalgamated Bank raised its position in Kinsale Capital Group by 1.1% in the second quarter. Amalgamated Bank now owns 12,368 shares of the financial services provider’s stock valued at $4,765,000 after purchasing an additional 133 shares during the period. Edgestream Partners L.P. purchased a new stake in shares of Kinsale Capital Group during the second quarter worth $5,283,000. Finally, Total Clarity Wealth Management Inc. increased its position in shares of Kinsale Capital Group by 6.1% during the second quarter. Total Clarity Wealth Management Inc. now owns 691 shares of the financial services provider’s stock worth $266,000 after acquiring an additional 40 shares during the period. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Stock Performance

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

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, July 25th. The financial services provider reported $3.75 EPS for the quarter, topping analysts’ consensus estimates of $3.52 by $0.23. The firm had revenue of $384.55 million during the quarter, compared to the consensus estimate of $410.20 million. Kinsale Capital Group had a net margin of 26.08% and a return on equity of 30.33%. The company’s revenue was up 30.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.88 earnings per share. Sell-side analysts predict that Kinsale Capital Group, Inc. will post 15.31 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on KNSL shares. Wolfe Research lowered Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a research report on Monday. Royal Bank of Canada upped their price objective on 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 upped their price objective on Kinsale Capital Group from $440.00 to $485.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Oppenheimer started coverage on Kinsale Capital Group in a research report on Friday, July 12th. They set a “market perform” rating on the stock. Finally, JPMorgan Chase & Co. upped their price objective on Kinsale Capital Group from $400.00 to $420.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $443.38.

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.