Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Sold by Bamco Inc. NY

Bamco Inc. NY reduced its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 3.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,745,415 shares of the financial services provider’s stock after selling 70,707 shares during the period. Kinsale Capital Group comprises 2.2% of Bamco Inc. NY’s portfolio, making the stock its 11th biggest holding. Bamco Inc. NY owned about 0.07% of Kinsale Capital Group worth $812,613,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in KNSL. ORG Wealth Partners LLC acquired a new stake in shares of Kinsale Capital Group in the 3rd quarter worth $26,000. UMB Bank n.a. boosted its holdings in Kinsale Capital Group by 408.3% during the 3rd quarter. UMB Bank n.a. now owns 61 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 49 shares during the period. Trust Co. of Vermont grew its holdings in shares of Kinsale Capital Group by 113.6% in the second quarter. Trust Co. of Vermont now owns 94 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 50 shares in the last quarter. Signaturefd LLC grew its stake in shares of Kinsale Capital Group by 68.9% in the third quarter. Signaturefd LLC now owns 103 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 42 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its holdings in Kinsale Capital Group by 225.7% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 114 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 79 shares during the period. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Royal Bank of Canada reduced their price objective on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a report on Monday, October 28th. Truist Financial cut their target price on shares of Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating on the stock in a report on Monday, October 28th. JPMorgan Chase & Co. decreased their price objective on Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. Jefferies Financial Group raised their target price on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, Wolfe Research upgraded Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price target on the stock in a research note on Monday, October 28th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Kinsale Capital Group currently has a consensus rating of “Hold” and an average price target of $456.88.

Insiders Place Their Bets

In related news, Director Frederick L. Jr. Russell sold 4,440 shares of Kinsale Capital Group stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $499.31, for a total value of $2,216,936.40. Following the transaction, the director now owns 447 shares in the company, valued at $223,191.57. This trade represents a 90.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 5.60% of the company’s stock.

Kinsale Capital Group Stock Down 1.4 %

Shares of NYSE:KNSL opened at $508.44 on Monday. The company has a market cap of $11.84 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 2.16 and a beta of 1.09. The firm has a 50 day simple moving average of $466.06 and a 200 day simple moving average of $437.40. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.09 and a current ratio of 0.09. Kinsale Capital Group, Inc. has a 52 week low of $325.01 and a 52 week high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $418.06 million for the quarter, compared to the consensus estimate of $359.43 million. During the same quarter last year, the firm earned $3.31 EPS. Kinsale Capital Group’s revenue for the quarter was up 33.0% on a year-over-year basis. As a group, research analysts expect that Kinsale Capital Group, Inc. will post 15.52 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

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

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.