Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Sold by Cim LLC

Cim LLC reduced its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 41.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,385 shares of the financial services provider’s stock after selling 2,410 shares during the quarter. Cim LLC’s holdings in Kinsale Capital Group were worth $1,304,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in KNSL. Vanguard Group Inc. increased its holdings in shares of Kinsale Capital Group by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 2,090,492 shares of the financial services provider’s stock valued at $700,127,000 after acquiring an additional 30,729 shares during the period. Thrivent Financial for Lutherans raised its holdings in shares of Kinsale Capital Group by 0.9% in the second quarter. Thrivent Financial for Lutherans now owns 729,508 shares of the financial services provider’s stock valued at $281,065,000 after buying an additional 6,331 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Kinsale Capital Group by 14.0% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 426,418 shares of the financial services provider’s stock valued at $164,291,000 after buying an additional 52,218 shares during the last quarter. DAVENPORT & Co LLC boosted its stake in shares of Kinsale Capital Group by 0.4% during the first quarter. DAVENPORT & Co LLC now owns 327,664 shares of the financial services provider’s stock worth $173,095,000 after buying an additional 1,286 shares during the period. Finally, Riverbridge Partners LLC grew its holdings in shares of Kinsale Capital Group by 25.4% during the first quarter. Riverbridge Partners LLC now owns 311,664 shares of the financial services provider’s stock worth $163,543,000 after buying an additional 63,141 shares during the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Trading Up 2.3 %

Shares of KNSL opened at $476.24 on Wednesday. Kinsale Capital Group, Inc. has a twelve month low of $325.01 and a twelve month high of $548.47. 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 market capitalization of $11.08 billion, a P/E ratio of 31.64, a PEG ratio of 2.02 and a beta of 1.08. The firm’s 50-day moving average is $462.39 and its two-hundred day moving average is $431.25.

Kinsale Capital Group (NYSE:KNSL) last posted its earnings results on Thursday, July 25th. The financial services provider reported $3.75 earnings per share for the quarter, beating the consensus estimate of $3.52 by $0.23. The company had revenue of $384.55 million for the quarter, compared to analyst estimates 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 revenue was up 30.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.88 earnings per share. On average, research 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 company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were issued a $0.15 dividend. The ex-dividend date was Thursday, August 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.13%. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.99%.

Wall Street Analyst Weigh In

KNSL has been the subject of a number of recent research reports. Truist Financial increased their price objective on Kinsale Capital Group from $485.00 to $530.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Oppenheimer began coverage on shares of Kinsale Capital Group in a research note on Friday, July 12th. They issued a “market perform” rating on the stock. Royal Bank of Canada raised their target price on shares of Kinsale Capital Group from $425.00 to $455.00 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. Wolfe Research lowered shares of Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, September 16th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Kinsale Capital Group from $400.00 to $420.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, Kinsale Capital Group currently has an average rating of “Hold” and an average target price of $438.71.

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.