Kinsale Capital Group, Inc. $KNSL Shares Sold by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lessened its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 5.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,089 shares of the financial services provider’s stock after selling 66 shares during the period. Concurrent Investment Advisors LLC’s holdings in Kinsale Capital Group were worth $527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Key Financial Inc raised its holdings in shares of Kinsale Capital Group by 315.4% in the first quarter. Key Financial Inc now owns 54 shares of the financial services provider’s stock valued at $26,000 after buying an additional 41 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of Kinsale Capital Group in the first quarter valued at about $31,000. V Square Quantitative Management LLC purchased a new stake in shares of Kinsale Capital Group in the second quarter valued at about $31,000. von Borstel & Associates Inc. purchased a new stake in shares of Kinsale Capital Group in the first quarter valued at about $42,000. Finally, Toth Financial Advisory Corp raised its holdings in shares of Kinsale Capital Group by 90.0% in the second quarter. Toth Financial Advisory Corp now owns 95 shares of the financial services provider’s stock valued at $46,000 after buying an additional 45 shares during the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

Kinsale Capital Group Trading Up 2.0%

NYSE KNSL opened at $447.12 on Friday. The stock has a market capitalization of $10.42 billion, a P/E ratio of 23.32, a P/E/G ratio of 1.62 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 firm has a 50-day moving average price of $446.86 and a 200 day moving average price of $459.96. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.11.

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 (EPS) for the quarter, topping the consensus estimate of $4.41 by $0.37. Kinsale Capital Group had a net margin of 25.92% and a return on equity of 25.93%. The firm had revenue of $458.70 million during the quarter, compared to analysts’ expectations of $436.25 million. During the same period in the prior year, the company posted $3.75 earnings per share. The firm’s revenue for the quarter was up 22.2% on a year-over-year basis. Equities research analysts expect that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 11th. Shareholders of record on Friday, August 29th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, August 29th. Kinsale Capital Group’s dividend payout ratio is presently 3.55%.

Analyst Ratings Changes

KNSL has been the subject of a number of research reports. Compass Point upped their target price on shares of Kinsale Capital Group from $432.00 to $490.00 and gave the company a “neutral” rating in a report on Monday, July 28th. JPMorgan Chase & Co. upped their target price on shares of Kinsale Capital Group from $440.00 to $460.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Wall Street Zen raised shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a report on Sunday, June 22nd. Morgan Stanley reduced their target price on shares of Kinsale Capital Group from $525.00 to $500.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Kinsale Capital Group in a report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $506.89.

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.