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

Catalyst Capital Advisors LLC decreased its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 47.1% in the second quarter, Holdings Channel reports. The institutional investor owned 740 shares of the financial services provider’s stock after selling 660 shares during the period. Catalyst Capital Advisors LLC’s holdings in Kinsale Capital Group were worth $358,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. DAVENPORT & Co LLC raised its stake in shares of Kinsale Capital Group by 6.2% in the 1st quarter. DAVENPORT & Co LLC now owns 543,349 shares of the financial services provider’s stock valued at $263,233,000 after acquiring an additional 31,480 shares during the period. JPMorgan Chase & Co. increased its holdings in Kinsale Capital Group by 39.8% during the 1st quarter. JPMorgan Chase & Co. now owns 460,651 shares of the financial services provider’s stock valued at $224,204,000 after acquiring an additional 131,056 shares in the last quarter. Geneva Capital Management LLC grew its holdings in shares of Kinsale Capital Group by 0.6% during the first quarter. Geneva Capital Management LLC now owns 405,363 shares of the financial services provider’s stock worth $197,294,000 after buying an additional 2,449 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in Kinsale Capital Group in the first quarter valued at approximately $125,003,000. Finally, Dimensional Fund Advisors LP lifted its position in Kinsale Capital Group by 13.2% during the first quarter. Dimensional Fund Advisors LP now owns 225,186 shares of the financial services provider’s stock valued at $109,589,000 after buying an additional 26,282 shares in the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KNSL has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Kinsale Capital Group in a report on Wednesday, October 8th. BMO Capital Markets upped their price target on shares of Kinsale Capital Group from $429.00 to $474.00 and gave the company a “market perform” rating in a report on Tuesday, July 29th. Truist Financial upped their price objective on shares of Kinsale Capital Group from $500.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, July 28th. Compass Point upped their price objective on shares of Kinsale Capital Group from $432.00 to $490.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Kinsale Capital Group from $440.00 to $460.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Kinsale Capital Group presently has a consensus rating of “Hold” and a consensus target price of $506.89.

Kinsale Capital Group Stock Down 7.0%

Shares of KNSL stock opened at $421.21 on Friday. Kinsale Capital Group, Inc. has a one year low of $405.00 and a one year high of $531.79. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.10 and a quick ratio of 0.10. The stock has a fifty day moving average price of $446.90 and a 200 day moving average price of $459.26. The stock has a market cap of $9.81 billion, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 1.68 and a beta of 1.09.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $5.21 earnings per share for the quarter, topping the consensus estimate of $4.79 by $0.42. The firm had revenue of $405.06 million during the quarter, compared to analysts’ expectations of $446.00 million. Kinsale Capital Group had a return on equity of 26.74% and a net margin of 26.30%.The company’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the business posted $4.20 EPS. Analysts predict that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 11th. Investors of record on Friday, August 29th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, August 29th. Kinsale Capital Group’s dividend payout ratio is 3.55%.

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.