Yousif Capital Management LLC Sells 132 Shares of Kinsale Capital Group, Inc. $KNSL

Yousif Capital Management LLC lessened its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 1.7% in the second quarter, HoldingsChannel reports. The firm owned 7,478 shares of the financial services provider’s stock after selling 132 shares during the period. Yousif Capital Management LLC’s holdings in Kinsale Capital Group were worth $3,619,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. MGO One Seven LLC increased its holdings in Kinsale Capital Group by 39.1% in the second quarter. MGO One Seven LLC now owns 1,405 shares of the financial services provider’s stock valued at $680,000 after purchasing an additional 395 shares during the last quarter. Index Fund Advisors Inc. bought a new stake in Kinsale Capital Group in the second quarter valued at about $307,000. Mitchell Sinkler & Starr PA increased its holdings in Kinsale Capital Group by 5.8% in the second quarter. Mitchell Sinkler & Starr PA now owns 1,538 shares of the financial services provider’s stock valued at $744,000 after purchasing an additional 85 shares during the last quarter. CWM LLC increased its holdings in Kinsale Capital Group by 37.6% in the second quarter. CWM LLC now owns 494 shares of the financial services provider’s stock valued at $239,000 after purchasing an additional 135 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in Kinsale Capital Group by 7.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,684 shares of the financial services provider’s stock valued at $1,300,000 after purchasing an additional 190 shares during the last quarter. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Stock Down 2.2%

NYSE: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 company has a market cap of $10.80 billion, a PE ratio of 24.17, a PEG ratio of 1.76 and a beta of 1.09. Kinsale Capital Group, Inc. has a 52-week low of $405.00 and a 52-week high of $531.79. The stock has a 50-day simple moving average of $446.67 and a 200 day simple moving average of $460.57.

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

Kinsale Capital Group Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on KNSL shares. 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 report on Monday, July 28th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Kinsale Capital Group in a research report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price target on Kinsale Capital Group from $440.00 to $460.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. Wall Street Zen raised Kinsale Capital Group from a “sell” rating to a “hold” rating in a research report on Sunday, June 22nd. Finally, Bank of America assumed coverage on Kinsale Capital Group in a research report on Friday, June 20th. They set a “buy” rating and a $543.00 price target on the stock. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company 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.