Baldwin Wealth Partners LLC MA Sells 300 Shares of Kinsale Capital Group, Inc. $KNSL

Baldwin Wealth Partners LLC MA decreased its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 28.3% in the second quarter, HoldingsChannel.com reports. The fund owned 760 shares of the financial services provider’s stock after selling 300 shares during the quarter. Baldwin Wealth Partners LLC MA’s holdings in Kinsale Capital Group were worth $368,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in KNSL. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of Kinsale Capital Group in the first quarter worth about $125,003,000. First Manhattan CO. LLC. lifted its position in shares of Kinsale Capital Group by 401.4% in the first quarter. First Manhattan CO. LLC. now owns 201,272 shares of the financial services provider’s stock worth $97,961,000 after buying an additional 161,132 shares in the last quarter. Madison Asset Management LLC purchased a new stake in shares of Kinsale Capital Group in the first quarter worth about $76,235,000. JPMorgan Chase & Co. lifted its position in shares of Kinsale Capital Group by 39.8% in the first quarter. JPMorgan Chase & Co. now owns 460,651 shares of the financial services provider’s stock worth $224,204,000 after buying an additional 131,056 shares in the last quarter. Finally, Giverny Capital Inc. lifted its position in shares of Kinsale Capital Group by 87.3% in the first quarter. Giverny Capital Inc. now owns 169,967 shares of the financial services provider’s stock worth $82,725,000 after buying an additional 79,208 shares in the last quarter. Institutional investors own 85.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on KNSL shares. Cantor Fitzgerald upgraded Kinsale Capital Group to a “hold” rating in a research report on Wednesday, August 13th. Wall Street Zen upgraded Kinsale Capital Group from a “sell” rating to a “hold” rating in a research report on Sunday, June 22nd. Truist Financial upped their price objective on Kinsale Capital Group from $500.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, July 28th. Compass Point upped their price objective on Kinsale Capital Group from $432.00 to $490.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. Finally, JPMorgan Chase & Co. upped their price objective on Kinsale Capital Group from $440.00 to $460.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Kinsale Capital Group presently has a consensus rating of “Hold” and an average target price of $506.89.

Kinsale Capital Group Trading Down 1.4%

KNSL opened at $469.89 on Friday. Kinsale Capital Group, Inc. has a one year low of $405.00 and a one year high of $531.79. The stock has a market cap of $10.95 billion, a price-to-earnings ratio of 24.51, a P/E/G ratio of 1.75 and a beta of 1.09. The stock’s 50 day moving average price is $445.23 and its 200-day moving average price is $460.86. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.10 and a current ratio of 0.10.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings data on Thursday, July 24th. The financial services provider reported $4.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.41 by $0.37. Kinsale Capital Group had a return on equity of 25.93% and a net margin of 25.92%.The company had revenue of $458.70 million for the quarter, compared to analysts’ expectations of $436.25 million. During the same quarter in the prior year, the firm earned $3.75 earnings per share. Kinsale Capital Group’s revenue was up 22.2% compared to the same quarter last year. On average, equities analysts forecast that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 11th. Investors of record on Friday, August 29th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.68 annualized dividend and a yield of 0.1%. Kinsale Capital Group’s dividend payout ratio is 3.55%.

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.