Sepio Capital LP Sells 34 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Sepio Capital LP reduced its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,107 shares of the financial services provider’s stock after selling 34 shares during the quarter. Sepio Capital LP’s holdings in Kinsale Capital Group were worth $515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of KNSL. Whittier Trust Co. of Nevada Inc. grew its stake in Kinsale Capital Group by 11.7% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 200 shares of the financial services provider’s stock valued at $93,000 after acquiring an additional 21 shares in the last quarter. Ballentine Partners LLC grew its position in shares of Kinsale Capital Group by 4.6% during the fourth quarter. Ballentine Partners LLC now owns 573 shares of the financial services provider’s stock valued at $267,000 after purchasing an additional 25 shares in the last quarter. Caprock Group LLC increased its holdings in shares of Kinsale Capital Group by 1.7% in the fourth quarter. Caprock Group LLC now owns 1,653 shares of the financial services provider’s stock worth $769,000 after purchasing an additional 28 shares during the last quarter. Fielder Capital Group LLC lifted its position in shares of Kinsale Capital Group by 5.5% in the fourth quarter. Fielder Capital Group LLC now owns 595 shares of the financial services provider’s stock worth $277,000 after buying an additional 31 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its stake in Kinsale Capital Group by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 716 shares of the financial services provider’s stock valued at $333,000 after buying an additional 36 shares during the last quarter. Institutional investors own 85.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on KNSL shares. Morgan Stanley reduced their price objective on Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Royal Bank of Canada restated a “sector perform” rating and issued a $500.00 price target on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. JMP Securities reiterated a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. JPMorgan Chase & Co. reduced their target price on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Finally, Truist Financial upped their target price on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $468.56.

Kinsale Capital Group Price Performance

KNSL stock opened at $459.89 on Monday. The stock has a market cap of $10.70 billion, a PE ratio of 25.85, a P/E/G ratio of 1.66 and a beta of 1.16. Kinsale Capital Group, Inc. has a 12 month low of $355.12 and a 12 month high of $531.79. The company has a 50-day moving average price of $457.25 and a 200 day moving average price of $461.99. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12.

Kinsale Capital Group (NYSE:KNSL) last announced its earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.23 by $0.39. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The business had revenue of $412.12 million during the quarter, compared to analyst estimates of $418.32 million. Equities research analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were paid a $0.17 dividend. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, February 27th. This represents a $0.68 dividend on an annualized basis and a yield of 0.15%. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.82%.

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.