Blair William & Co. IL Has $18.83 Million Position in Kinsale Capital Group, Inc. $KNSL

Blair William & Co. IL cut its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 19.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,914 shares of the financial services provider’s stock after selling 9,475 shares during the quarter. Blair William & Co. IL’s holdings in Kinsale Capital Group were worth $18,831,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KNSL. Key Financial Inc lifted its holdings 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 buying an additional 41 shares during the period. N.E.W. Advisory Services LLC bought a new stake in shares of Kinsale Capital Group during the 1st quarter valued at about $31,000. V Square Quantitative Management LLC bought a new stake in shares of Kinsale Capital Group during the 2nd quarter valued at about $31,000. NBC Securities Inc. bought a new stake in shares of Kinsale Capital Group during the 1st quarter valued at about $35,000. Finally, von Borstel & Associates Inc. bought a new stake in shares of Kinsale Capital Group during the 1st quarter valued at about $42,000. 85.36% of the stock is owned by institutional investors and hedge funds.

Kinsale Capital Group Stock Down 1.4%

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

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings results on Thursday, July 24th. The financial services provider reported $4.78 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $458.70 million for the quarter, compared to the consensus estimate of $436.25 million. During the same period in the prior year, the business earned $3.75 EPS. The firm’s revenue for the quarter was up 22.2% on a year-over-year basis. On average, research analysts expect that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts recently commented on KNSL shares. Weiss Ratings restated a “buy (b-)” rating on shares of Kinsale Capital Group in a research report on Wednesday. Truist Financial upped their target price 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 target price 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. Bank of America started coverage on Kinsale Capital Group in a research report on Friday, June 20th. They set a “buy” rating and a $543.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their target price 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 equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Kinsale Capital Group currently has a consensus rating of “Hold” and an average target price of $506.89.

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.