Whittier Trust Co. Cuts Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Whittier Trust Co. decreased its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 13.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 673 shares of the financial services provider’s stock after selling 109 shares during the quarter. Whittier Trust Co.’s holdings in Kinsale Capital Group were worth $328,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. increased its holdings in shares of Kinsale Capital Group by 39.4% in the 1st quarter. SBI Securities Co. Ltd. now owns 138 shares of the financial services provider’s stock valued at $67,000 after acquiring an additional 39 shares during the last quarter. Fortress Financial Solutions LLC lifted its position in Kinsale Capital Group by 5.7% during the 1st quarter. Fortress Financial Solutions LLC now owns 818 shares of the financial services provider’s stock worth $398,000 after acquiring an additional 44 shares during the period. Key Financial Inc lifted its position in Kinsale Capital Group by 315.4% during the 1st quarter. Key Financial Inc now owns 54 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 41 shares during the period. Wilkinson Global Asset Management LLC lifted its position in Kinsale Capital Group by 9.3% during the 1st quarter. Wilkinson Global Asset Management LLC now owns 44,172 shares of the financial services provider’s stock worth $21,499,000 after acquiring an additional 3,770 shares during the period. Finally, Hughes Financial Services LLC lifted its position in Kinsale Capital Group by 2.0% during the 1st quarter. Hughes Financial Services LLC now owns 3,159 shares of the financial services provider’s stock worth $1,542,000 after acquiring an additional 61 shares during the period. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Trading Down 0.0%

Shares of NYSE:KNSL opened at $484.67 on Friday. The company has a market cap of $11.30 billion, a P/E ratio of 27.89, a P/E/G ratio of 1.79 and a beta of 1.19. The stock’s 50-day moving average is $470.93 and its 200-day moving average is $459.88. Kinsale Capital Group, Inc. has a 52-week low of $366.92 and a 52-week high of $531.79. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.11 and a current ratio of 0.11.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results on Thursday, April 24th. The financial services provider reported $3.71 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.56. The business had revenue of $423.40 million for the quarter, compared to the consensus estimate of $425.73 million. Kinsale Capital Group had a return on equity of 26.36% and a net margin of 24.73%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the business earned $3.50 earnings per share. Equities research analysts predict that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, June 12th. Stockholders of record on Friday, May 30th were issued a $0.17 dividend. This represents a dividend yield of 0.15%. The ex-dividend date was Thursday, May 29th. Kinsale Capital Group’s payout ratio is currently 3.91%.

Insider Activity at Kinsale Capital Group

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 1,398 shares of the company’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $472.00, for a total transaction of $659,856.00. Following the completion of the sale, the executive vice president owned 6,646 shares in the company, valued at approximately $3,136,912. The trade was a 17.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 5.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KNSL. Wall Street Zen raised Kinsale Capital Group from a “sell” rating to a “hold” rating in a report on Sunday, June 22nd. Bank of America assumed coverage on Kinsale Capital Group in a research note on Friday, June 20th. They set a “buy” rating and a $543.00 price objective on the stock. Truist Financial cut their price target on Kinsale Capital Group from $525.00 to $500.00 and set a “buy” rating on the stock in a research note on Monday, April 28th. JPMorgan Chase & Co. cut their price objective on Kinsale Capital Group from $402.00 to $400.00 and set a “neutral” rating on the stock in a research note on Monday, April 28th. Finally, Morgan Stanley increased their price target on Kinsale Capital Group from $490.00 to $525.00 and gave the stock an “overweight” rating in a research report on Monday, May 19th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Kinsale Capital Group has an average rating of “Hold” and an average price target of $491.88.

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.