Moran Wealth Management LLC Lowers Stock Holdings in Kinsale Capital Group, Inc. $KNSL

Moran Wealth Management LLC lowered its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 4.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,602 shares of the financial services provider’s stock after selling 334 shares during the period. Moran Wealth Management LLC’s holdings in Kinsale Capital Group were worth $3,195,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. boosted its holdings in shares of Kinsale Capital Group by 11.3% in the 2nd quarter. UMB Bank n.a. now owns 237 shares of the financial services provider’s stock worth $115,000 after purchasing an additional 24 shares in the last quarter. Total Clarity Wealth Management Inc. raised its holdings in shares of Kinsale Capital Group by 3.6% during the 2nd quarter. Total Clarity Wealth Management Inc. now owns 716 shares of the financial services provider’s stock valued at $346,000 after buying an additional 25 shares in the last quarter. Private Trust Co. NA raised its holdings in shares of Kinsale Capital Group by 2.1% during the 1st quarter. Private Trust Co. NA now owns 1,288 shares of the financial services provider’s stock valued at $627,000 after buying an additional 27 shares in the last quarter. Xponance Inc. lifted its position in Kinsale Capital Group by 0.7% in the 1st quarter. Xponance Inc. now owns 4,496 shares of the financial services provider’s stock worth $2,188,000 after buying an additional 30 shares during the last quarter. Finally, Foster Dykema Cabot & Partners LLC boosted its stake in Kinsale Capital Group by 2.6% in the first quarter. Foster Dykema Cabot & Partners LLC now owns 1,190 shares of the financial services provider’s stock worth $579,000 after buying an additional 30 shares in the last quarter. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Kinsale Capital Group Price Performance

KNSL opened at $463.36 on Thursday. 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 stock has a market capitalization of $10.80 billion, a PE ratio of 24.17, a price-to-earnings-growth ratio of 1.76 and a beta of 1.09. The stock’s 50 day moving average price is $446.67 and its 200-day moving average price is $460.57. Kinsale Capital Group, Inc. has a 52-week low of $405.00 and a 52-week high of $531.79.

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

Kinsale Capital Group Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Truist Financial lifted their price target on shares of Kinsale Capital Group from $500.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, July 28th. Compass Point lifted their target price on shares of Kinsale Capital Group from $432.00 to $490.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. JPMorgan Chase & Co. upped their price target on shares of Kinsale Capital Group from $440.00 to $460.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. Morgan Stanley reduced their price objective on Kinsale Capital Group from $525.00 to $500.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 7th. Finally, Wall Street Zen raised Kinsale Capital Group from a “sell” rating to a “hold” rating in a research note on Sunday, June 22nd. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Kinsale Capital Group presently has an average rating of “Hold” and a consensus price target of $506.89.

Kinsale Capital Group 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.