Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Sold by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC lessened its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 37.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,167 shares of the financial services provider’s stock after selling 712 shares during the period. Icon Wealth Advisors LLC’s holdings in Kinsale Capital Group were worth $543,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of KNSL. Tidal Investments LLC lifted its position in shares of Kinsale Capital Group by 362.1% during the 1st quarter. Tidal Investments LLC now owns 3,637 shares of the financial services provider’s stock valued at $1,932,000 after acquiring an additional 2,850 shares during the period. iA Global Asset Management Inc. acquired a new position in Kinsale Capital Group during the first quarter worth $244,000. Cetera Investment Advisers boosted its position in Kinsale Capital Group by 148.9% during the first quarter. Cetera Investment Advisers now owns 5,021 shares of the financial services provider’s stock worth $2,635,000 after purchasing an additional 3,004 shares in the last quarter. Cetera Advisors LLC acquired a new stake in Kinsale Capital Group in the first quarter valued at $383,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Kinsale Capital Group in the 1st quarter valued at about $312,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on KNSL. Jefferies Financial Group lifted 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 report on Wednesday, October 9th. Truist Financial reduced their price objective on Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating on the stock in a research 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 on the stock in a research note on Thursday, October 10th. Wolfe Research raised shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 target price for the company in a research note on Monday, October 28th. Finally, Royal Bank of Canada decreased their price target on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a research note on Monday, October 28th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $456.88.

Insider Buying and Selling at Kinsale Capital Group

In other news, Director Frederick L. Jr. Russell sold 4,440 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $499.31, for a total value of $2,216,936.40. Following the transaction, the director now directly owns 447 shares in the company, valued at $223,191.57. This trade represents a 90.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.60% of the stock is owned by company insiders.

Kinsale Capital Group Stock Performance

Kinsale Capital Group stock opened at $508.44 on Friday. The stock has a fifty day moving average price of $466.06 and a 200 day moving average price of $436.61. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.13. Kinsale Capital Group, Inc. has a 52 week low of $325.01 and a 52 week high of $548.47. The firm has a market capitalization of $11.84 billion, a P/E ratio of 28.99, a PEG ratio of 2.19 and a beta of 1.09.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.20 EPS 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 company had revenue of $418.06 million during the quarter, compared to the consensus estimate of $359.43 million. During the same quarter in the prior year, the company posted $3.31 EPS. The company’s quarterly revenue was up 33.0% compared to the same quarter last year. Equities research analysts anticipate 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 declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.12%. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.42%.

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.