Raymond James Trust N.A. Has $268,000 Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Raymond James Trust N.A. lessened its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 4.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 575 shares of the financial services provider’s stock after selling 25 shares during the quarter. Raymond James Trust N.A.’s holdings in Kinsale Capital Group were worth $268,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of KNSL. Harbor Capital Advisors Inc. raised its stake in Kinsale Capital Group by 249.2% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 5,350 shares of the financial services provider’s stock worth $2,061,000 after purchasing an additional 3,818 shares in the last quarter. Geneva Capital Management LLC boosted its stake in shares of Kinsale Capital Group by 1.3% in the third quarter. Geneva Capital Management LLC now owns 407,831 shares of the financial services provider’s stock valued at $189,874,000 after buying an additional 5,207 shares during the period. Swedbank AB acquired a new stake in Kinsale Capital Group during the second quarter worth approximately $15,430,000. QRG Capital Management Inc. bought a new position in Kinsale Capital Group during the 2nd quarter worth $503,000. Finally, Bridges Investment Management Inc. bought a new position in Kinsale Capital Group during the 2nd quarter worth $642,000. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Trading Up 0.7 %

Shares of KNSL stock opened at $515.45 on Thursday. Kinsale Capital Group, Inc. has a fifty-two week low of $325.01 and a fifty-two week 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 stock has a 50 day simple moving average of $463.68 and a two-hundred day simple moving average of $435.13. The company has a market cap of $12.00 billion, a P/E ratio of 29.39, a PEG ratio of 2.15 and a beta of 1.09.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.20 earnings per share for the quarter, beating the consensus estimate of $3.60 by $0.60. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. The company had revenue of $418.06 million during the quarter, compared to analyst estimates of $359.43 million. During the same quarter in the previous year, the business posted $3.31 EPS. Kinsale Capital Group’s revenue for the quarter was up 33.0% compared to the same quarter last year. Research analysts forecast that Kinsale Capital Group, Inc. will post 15.67 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, November 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.12%. Kinsale Capital Group’s dividend payout ratio is currently 3.42%.

Insider Transactions at Kinsale Capital Group

In other news, Director Frederick L. Jr. Russell sold 4,440 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $499.31, for a total transaction of $2,216,936.40. Following the transaction, the director now directly owns 447 shares of the company’s stock, valued at $223,191.57. This represents a 90.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. BMO Capital Markets increased their target price on Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. decreased their target price on shares of Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. Royal Bank of Canada cut their price target on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating for the company in a report on Monday, October 28th. Wolfe Research raised shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price objective on the stock in a research note on Monday, October 28th. Finally, Jefferies Financial Group lifted their target price 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. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $456.88.

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.