Vanguard Group Inc. Reduces Stock Position in Kinsale Capital Group, Inc. $KNSL

Vanguard Group Inc. lowered its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 0.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,076,556 shares of the financial services provider’s stock after selling 13,137 shares during the period. Vanguard Group Inc. owned about 0.09% of Kinsale Capital Group worth $812,183,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in KNSL. M&T Bank Corp boosted its position in Kinsale Capital Group by 2,621.6% during the 4th quarter. M&T Bank Corp now owns 91,118 shares of the financial services provider’s stock valued at $35,638,000 after buying an additional 87,770 shares during the period. Orion Porfolio Solutions LLC boosted its position in Kinsale Capital Group by 1,141.4% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 81,724 shares of the financial services provider’s stock valued at $39,546,000 after buying an additional 75,141 shares during the period. Tudor Investment Corp ET AL boosted its position in Kinsale Capital Group by 7,444.2% during the 3rd quarter. Tudor Investment Corp ET AL now owns 37,721 shares of the financial services provider’s stock valued at $16,041,000 after buying an additional 37,221 shares during the period. Dimensional Fund Advisors LP boosted its position in Kinsale Capital Group by 15.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 273,724 shares of the financial services provider’s stock valued at $116,390,000 after buying an additional 35,864 shares during the period. Finally, DF Dent & Co. Inc. boosted its position in Kinsale Capital Group by 12.7% during the 3rd quarter. DF Dent & Co. Inc. now owns 264,910 shares of the financial services provider’s stock valued at $112,655,000 after buying an additional 29,766 shares during the period. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Trading Down 3.7%

NYSE:KNSL opened at $311.61 on Friday. The company has a 50-day moving average price of $354.05 and a 200-day moving average price of $382.07. Kinsale Capital Group, Inc. has a 12 month low of $308.61 and a 12 month high of $512.76. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.11. The stock has a market cap of $7.19 billion, a price-to-earnings ratio of 13.72, a P/E/G ratio of 1.01 and a beta of 0.95.

Kinsale Capital Group (NYSE:KNSL) last posted its earnings results on Thursday, April 23rd. The financial services provider reported $5.11 EPS for the quarter, topping the consensus estimate of $4.70 by $0.41. Kinsale Capital Group had a net margin of 27.48% and a return on equity of 25.82%. The firm had revenue of $466.71 million during the quarter, compared to analysts’ expectations of $410.25 million. During the same period last year, the company posted $3.71 EPS. The company’s quarterly revenue was down .5% compared to the same quarter last year. Equities analysts predict that Kinsale Capital Group, Inc. will post 20.54 EPS for the current year.

Kinsale Capital Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Thursday, February 26th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 26th. This represents a $1.00 annualized dividend and a dividend yield of 0.3%. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.17. Kinsale Capital Group’s dividend payout ratio is 4.40%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Morgan Stanley reissued an “equal weight” rating and set a $350.00 price target (down from $450.00) on shares of Kinsale Capital Group in a research report on Monday, April 6th. Jefferies Financial Group cut shares of Kinsale Capital Group from a “hold” rating to an “underperform” rating and dropped their price target for the company from $392.00 to $312.00 in a research report on Thursday, March 19th. BMO Capital Markets cut shares of Kinsale Capital Group from a “market perform” rating to an “underperform” rating and set a $348.00 price target for the company. in a research report on Wednesday, February 25th. Wall Street Zen raised shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a research report on Sunday. Finally, Truist Financial dropped their price target on shares of Kinsale Capital Group from $450.00 to $405.00 and set a “buy” rating for the company in a research report on Monday, April 27th. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Kinsale Capital Group has a consensus rating of “Hold” and a consensus target price of $392.00.

Kinsale Capital Group Company Profile

Kinsale Capital Group, Inc (NYSE:KNSL) is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company’s product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.