Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Sold by Premier Fund Managers Ltd

Premier Fund Managers Ltd trimmed its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 49.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 514 shares of the financial services provider’s stock after selling 506 shares during the period. Premier Fund Managers Ltd’s holdings in Kinsale Capital Group were worth $237,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. O Shaughnessy Asset Management LLC bought a new position in Kinsale Capital Group during the first quarter valued at about $301,000. CANADA LIFE ASSURANCE Co boosted its stake in Kinsale Capital Group by 18.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 14,836 shares of the financial services provider’s stock valued at $7,776,000 after buying an additional 2,302 shares in the last quarter. Quadrature Capital Ltd boosted its stake in Kinsale Capital Group by 142.9% during the first quarter. Quadrature Capital Ltd now owns 17,838 shares of the financial services provider’s stock valued at $9,364,000 after buying an additional 10,495 shares in the last quarter. Hood River Capital Management LLC boosted its stake in Kinsale Capital Group by 171.6% during the first quarter. Hood River Capital Management LLC now owns 35,470 shares of the financial services provider’s stock valued at $18,613,000 after buying an additional 22,410 shares in the last quarter. Finally, Ascent Group LLC boosted its position in shares of Kinsale Capital Group by 7.9% in the 1st quarter. Ascent Group LLC now owns 4,029 shares of the financial services provider’s stock valued at $2,114,000 after purchasing an additional 294 shares during the period. 85.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on KNSL shares. Jefferies Financial Group increased their price target on Kinsale Capital Group from $444.00 to $471.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Truist Financial decreased their price target on Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating for the company in a research report on Monday, October 28th. JPMorgan Chase & Co. decreased their price target on Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. Royal Bank of Canada decreased their price objective on Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating for the company in a research report on Monday, October 28th. Finally, Wolfe Research raised Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 target price on the stock in a research note on Monday, October 28th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Kinsale Capital Group currently has a consensus rating of “Hold” and a consensus target price of $455.88.

Kinsale Capital Group Stock Up 2.0 %

KNSL opened at $478.71 on Thursday. The business has a 50 day moving average price of $458.39 and a 200 day moving average price of $430.69. Kinsale Capital Group, Inc. has a twelve month low of $325.01 and a twelve month high of $548.47. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market cap of $11.15 billion, a P/E ratio of 26.76, a price-to-earnings-growth ratio of 2.00 and a beta of 1.09.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.20 EPS for the quarter, topping analysts’ consensus estimates of $3.60 by $0.60. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. The company had revenue of $418.06 million during the quarter, compared to analyst estimates of $359.43 million. During the same period in the previous year, the company earned $3.31 earnings per share. The company’s quarterly revenue was up 33.0% compared to the same quarter last year. Research analysts forecast that Kinsale Capital Group, Inc. will post 15.52 EPS for the current year.

Kinsale Capital Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date of this dividend is Friday, November 29th. Kinsale Capital Group’s dividend payout ratio is presently 3.42%.

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.