AQR Capital Management LLC Sells 729 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

AQR Capital Management LLC lowered its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 41.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,018 shares of the financial services provider’s stock after selling 729 shares during the quarter. AQR Capital Management LLC’s holdings in Kinsale Capital Group were worth $392,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Kinsale Capital Group by 1.5% during 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 purchasing an additional 30,729 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of Kinsale Capital Group by 0.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 729,508 shares of the financial services provider’s stock worth $281,065,000 after buying an additional 6,331 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in shares of Kinsale Capital Group by 14.0% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 426,418 shares of the financial services provider’s stock worth $164,291,000 after buying an additional 52,218 shares in the last quarter. DAVENPORT & Co LLC boosted its stake in shares of Kinsale Capital Group by 0.4% during the 1st quarter. DAVENPORT & Co LLC now owns 327,664 shares of the financial services provider’s stock worth $173,095,000 after purchasing an additional 1,286 shares during the period. Finally, Champlain Investment Partners LLC boosted its stake in shares of Kinsale Capital Group by 58.9% during the 1st quarter. Champlain Investment Partners LLC now owns 243,474 shares of the financial services provider’s stock worth $127,761,000 after purchasing an additional 90,209 shares during the period. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KNSL. Wolfe Research cut shares of Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, September 16th. Jefferies Financial Group boosted their price objective on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. dropped 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 report on Thursday, October 10th. Oppenheimer assumed coverage on shares of Kinsale Capital Group in a report on Friday, July 12th. They issued a “market perform” rating on the stock. Finally, Truist Financial increased their price target on shares of Kinsale Capital Group from $485.00 to $530.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $446.00.

Kinsale Capital Group Stock Performance

NYSE KNSL opened at $465.77 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.13 and a quick ratio of 0.13. Kinsale Capital Group, Inc. has a 1 year low of $325.01 and a 1 year high of $548.47. The company has a market capitalization of $10.84 billion, a PE ratio of 30.95, a P/E/G ratio of 2.05 and a beta of 1.08. The company has a fifty day moving average of $469.40 and a two-hundred day moving average of $427.52.

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

Kinsale Capital Group Announces Dividend

The business also recently declared 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 dividend yield of 0.13%. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 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.