Davidson Capital Management Inc. Sells 1,008 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Davidson Capital Management Inc. decreased its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 12.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,201 shares of the financial services provider’s stock after selling 1,008 shares during the period. Kinsale Capital Group accounts for about 1.0% of Davidson Capital Management Inc.’s holdings, making the stock its 20th largest holding. Davidson Capital Management Inc.’s holdings in Kinsale Capital Group were worth $3,353,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Thrivent Financial for Lutherans grew its stake in shares of Kinsale Capital Group by 0.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 729,508 shares of the financial services provider’s stock worth $281,065,000 after buying an additional 6,331 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in shares of Kinsale Capital Group by 14.0% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 426,418 shares of the financial services provider’s stock worth $164,291,000 after buying an additional 52,218 shares during the last quarter. DAVENPORT & Co LLC grew its stake in shares of Kinsale Capital Group by 0.4% in the 1st quarter. DAVENPORT & Co LLC now owns 327,664 shares of the financial services provider’s stock worth $173,095,000 after buying an additional 1,286 shares during the last quarter. Champlain Investment Partners LLC grew its stake in shares of Kinsale Capital Group by 58.9% in the 1st quarter. Champlain Investment Partners LLC now owns 243,474 shares of the financial services provider’s stock worth $127,761,000 after buying an additional 90,209 shares during the last quarter. Finally, Copeland Capital Management LLC grew its stake in shares of Kinsale Capital Group by 0.3% in the 3rd quarter. Copeland Capital Management LLC now owns 231,303 shares of the financial services provider’s stock worth $107,687,000 after buying an additional 685 shares during the last quarter. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Stock Performance

NYSE:KNSL traded down $8.44 during mid-day trading on Tuesday, hitting $429.83. The company’s stock had a trading volume of 44,075 shares, compared to its average volume of 176,756. Kinsale Capital Group, Inc. has a 1 year low of $325.01 and a 1 year high of $548.47. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.13 and a quick ratio of 0.13. The stock has a market cap of $10.00 billion, a price-to-earnings ratio of 29.10, a PEG ratio of 2.03 and a beta of 1.08. The business’s fifty day moving average is $466.94 and its two-hundred day moving average is $427.53.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.20 earnings per share for the quarter, topping analysts’ consensus estimates of $3.60 by $0.60. The business had revenue of $418.06 million during the quarter, compared to the consensus estimate of $359.43 million. Kinsale Capital Group had a net margin of 26.08% and a return on equity of 30.33%. The company’s revenue was up 33.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.31 earnings per share. Analysts anticipate that Kinsale Capital Group, Inc. will post 15.05 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, August 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.14%. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.99%.

Wall Street Analyst Weigh In

KNSL has been the topic of several research analyst reports. Truist Financial lowered their price target on Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating on the stock in a report on Monday. Oppenheimer initiated coverage on Kinsale Capital Group in a report on Friday, July 12th. They issued a “market perform” rating on the stock. Wolfe Research raised Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 target price on the stock in a report on Monday. Jefferies Financial Group raised their target price on Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. decreased their target price on Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $455.88.

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.