Diversified Trust Co Sells 165 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Diversified Trust Co cut its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 4.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,673 shares of the financial services provider’s stock after selling 165 shares during the period. Diversified Trust Co’s holdings in Kinsale Capital Group were worth $1,710,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of KNSL. Benjamin Edwards Inc. increased its holdings in Kinsale Capital Group by 9.9% during the 2nd quarter. Benjamin Edwards Inc. now owns 267 shares of the financial services provider’s stock worth $103,000 after acquiring an additional 24 shares during the period. Rise Advisors LLC increased its holdings in shares of Kinsale Capital Group by 17.5% in the first quarter. Rise Advisors LLC now owns 181 shares of the financial services provider’s stock worth $95,000 after purchasing an additional 27 shares during the period. Parkside Financial Bank & Trust raised its position in shares of Kinsale Capital Group by 9.2% in the second quarter. Parkside Financial Bank & Trust now owns 331 shares of the financial services provider’s stock worth $128,000 after buying an additional 28 shares in the last quarter. Personal CFO Solutions LLC boosted its stake in Kinsale Capital Group by 3.7% during the fourth quarter. Personal CFO Solutions LLC now owns 984 shares of the financial services provider’s stock valued at $330,000 after buying an additional 35 shares during the period. Finally, Hancock Whitney Corp grew its position in Kinsale Capital Group by 3.1% during the first quarter. Hancock Whitney Corp now owns 1,245 shares of the financial services provider’s stock worth $653,000 after buying an additional 38 shares in the last quarter. 85.36% of the stock is owned by hedge funds and other institutional investors.

Kinsale Capital Group Trading Up 2.5 %

Shares of KNSL opened at $463.58 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.13 and a current ratio of 0.13. Kinsale Capital Group, Inc. has a fifty-two week low of $325.01 and a fifty-two week high of $548.47. The firm has a 50 day moving average price of $467.57 and a 200-day moving average price of $430.05. The firm has a market cap of $10.79 billion, a price-to-earnings ratio of 30.80, a PEG ratio of 2.02 and a beta of 1.08.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $3.75 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $384.55 million during the quarter, compared to the consensus estimate of $410.20 million. During the same period in the previous year, the firm posted $2.88 earnings per share. The firm’s revenue for the quarter was up 30.0% on a year-over-year basis. As a group, equities research analysts forecast that Kinsale Capital Group, Inc. will post 15.31 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on KNSL shares. Wolfe Research downgraded Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, September 16th. JPMorgan Chase & Co. lifted their target price 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. Oppenheimer started coverage on shares of Kinsale Capital Group in a research note on Friday, July 12th. They issued a “market perform” rating for the company. Truist Financial raised their price objective on shares of Kinsale Capital Group from $485.00 to $530.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, Royal Bank of Canada upped 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 report on Monday, July 29th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $441.83.

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.