Kinsale Capital Group, Inc. $KNSL Shares Sold by Mirabella Financial Services LLP

Mirabella Financial Services LLP trimmed its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 96.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,639 shares of the financial services provider’s stock after selling 88,147 shares during the period. Mirabella Financial Services LLP’s holdings in Kinsale Capital Group were worth $1,769,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in KNSL. V Square Quantitative Management LLC acquired a new stake in shares of Kinsale Capital Group in the second quarter valued at approximately $31,000. VSM Wealth Advisory LLC purchased a new position in Kinsale Capital Group during the second quarter worth $39,000. Toth Financial Advisory Corp raised its holdings in shares of Kinsale Capital Group by 90.0% in the second quarter. Toth Financial Advisory Corp now owns 95 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 45 shares during the last quarter. Ancora Advisors LLC purchased a new stake in shares of Kinsale Capital Group in the first quarter valued at $49,000. Finally, EverSource Wealth Advisors LLC increased its position in Kinsale Capital Group by 72.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 102 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 43 shares in the last quarter. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Kinsale Capital Group Stock Performance

Shares of NYSE:KNSL opened at $361.25 on Friday. The business’s 50-day simple moving average is $415.48 and its 200 day simple moving average is $444.66. The company has a market cap of $8.40 billion, a P/E ratio of 17.74, a PEG ratio of 1.34 and a beta of 0.96. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.09 and a current ratio of 0.09. Kinsale Capital Group, Inc. has a one year low of $360.38 and a one year high of $531.79.

Kinsale Capital Group (NYSE:KNSL) last posted its earnings results on Thursday, October 23rd. The financial services provider reported $5.21 EPS for the quarter, topping analysts’ consensus estimates of $4.79 by $0.42. The business had revenue of $497.51 million for the quarter, compared to analysts’ expectations of $446.00 million. Kinsale Capital Group had a net margin of 26.30% and a return on equity of 25.66%. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period in the previous year, the company posted $4.20 earnings per share. On average, sell-side analysts forecast that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Friday, November 28th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, November 28th. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.34%.

Wall Street Analyst Weigh In

Several research firms have commented on KNSL. Royal Bank Of Canada assumed coverage on Kinsale Capital Group in a report on Tuesday, November 25th. They issued a “sector perform” rating and a $415.00 price target for the company. Cantor Fitzgerald raised shares of Kinsale Capital Group to a “hold” rating in a research report on Wednesday, August 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kinsale Capital Group in a research note on Tuesday, November 25th. Morgan Stanley lowered their price objective on shares of Kinsale Capital Group from $490.00 to $480.00 and set an “overweight” rating for the company in a research note on Monday, November 17th. Finally, TD Cowen reduced their target price on Kinsale Capital Group from $448.00 to $442.00 and set a “hold” rating on the stock in a report on Tuesday, November 4th. Three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $483.78.

About Kinsale Capital Group

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.