Advisory Services Network LLC Sells 148 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Advisory Services Network LLC cut its stake in Kinsale Capital Group, Inc. (NYSE:KNSLFree Report) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,890 shares of the financial services provider’s stock after selling 148 shares during the quarter. Advisory Services Network LLC’s holdings in Kinsale Capital Group were worth $3,312,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Harvest Fund Management Co. Ltd increased its position in Kinsale Capital Group by 206.6% during the third quarter. Harvest Fund Management Co. Ltd now owns 371 shares of the financial services provider’s stock valued at $154,000 after acquiring an additional 250 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Kinsale Capital Group by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 6,263 shares of the financial services provider’s stock worth $2,594,000 after purchasing an additional 85 shares during the period. Atria Investments Inc boosted its holdings in shares of Kinsale Capital Group by 4.4% in the third quarter. Atria Investments Inc now owns 2,990 shares of the financial services provider’s stock worth $1,239,000 after buying an additional 125 shares during the last quarter. Americana Partners LLC bought a new stake in Kinsale Capital Group during the third quarter valued at approximately $272,000. Finally, Keybank National Association OH grew its position in Kinsale Capital Group by 67.8% during the third quarter. Keybank National Association OH now owns 1,161 shares of the financial services provider’s stock valued at $481,000 after buying an additional 469 shares during the period. 85.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. TD Cowen started coverage on shares of Kinsale Capital Group in a research note on Monday, May 20th. They set a “hold” rating and a $403.00 price target on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $425.00 target price (down from $555.00) on shares of Kinsale Capital Group in a research report on Monday, April 29th. Truist Financial reduced their price target on Kinsale Capital Group from $600.00 to $440.00 and set a “buy” rating for the company in a research report on Monday, April 29th. BMO Capital Markets lowered their price objective on Kinsale Capital Group from $544.00 to $453.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 30th. Finally, Compass Point cut their price objective on Kinsale Capital Group from $490.00 to $390.00 and set a “neutral” rating for the company in a research note on Monday, April 29th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $434.00.

Get Our Latest Analysis on Kinsale Capital Group

Kinsale Capital Group Stock Up 1.2 %

NYSE KNSL opened at $391.99 on Monday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.16. Kinsale Capital Group, Inc. has a 12 month low of $297.33 and a 12 month high of $548.47. The stock’s 50 day moving average is $438.68 and its 200 day moving average is $414.21. The stock has a market cap of $9.13 billion, a PE ratio of 26.05 and a beta of 0.98.

Kinsale Capital Group (NYSE:KNSLGet Free Report) last issued its earnings results on Thursday, April 25th. The financial services provider reported $3.50 earnings per share for the quarter, topping analysts’ consensus estimates of $3.33 by $0.17. The firm had revenue of $372.79 million during the quarter, compared to analyst estimates of $366.45 million. Kinsale Capital Group had a net margin of 26.33% and a return on equity of 31.21%. Kinsale Capital Group’s revenue for the quarter was up 41.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.44 earnings per share. Research analysts predict that Kinsale Capital Group, Inc. will post 14.96 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be issued a $0.15 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.60 annualized dividend and a dividend yield of 0.15%. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.99%.

Insider Buying and Selling

In other Kinsale Capital Group news, COO Brian D. Haney sold 3,778 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $367.74, for a total transaction of $1,389,321.72. Following the completion of the transaction, the chief operating officer now owns 95,850 shares in the company, valued at approximately $35,247,879. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Frederick L. Jr. Russell sold 2,000 shares of Kinsale Capital Group stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $524.09, for a total value of $1,048,180.00. Following the completion of the transaction, the director now owns 887 shares in the company, valued at $464,867.83. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Brian D. Haney sold 3,778 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $367.74, for a total value of $1,389,321.72. Following the sale, the chief operating officer now directly owns 95,850 shares in the company, valued at $35,247,879. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,778 shares of company stock worth $4,532,422. Corporate insiders own 5.60% of the company’s stock.

About Kinsale Capital Group

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Kinsale Capital Group (NYSE:KNSL)

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