Ensign Peak Advisors Inc Sells 1,732 Shares of Kinsale Capital Group, Inc. $KNSL

Ensign Peak Advisors Inc lessened its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 2.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,606 shares of the financial services provider’s stock after selling 1,732 shares during the quarter. Ensign Peak Advisors Inc owned about 0.29% of Kinsale Capital Group worth $33,198,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KNSL. Allianz Asset Management GmbH lifted its position in Kinsale Capital Group by 68.6% during the 1st quarter. Allianz Asset Management GmbH now owns 2,950 shares of the financial services provider’s stock valued at $1,436,000 after purchasing an additional 1,200 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Kinsale Capital Group in the first quarter valued at approximately $6,718,000. Oak Thistle LLC acquired a new position in Kinsale Capital Group in the first quarter valued at approximately $410,000. Wedbush Securities Inc. boosted its stake in Kinsale Capital Group by 6.3% in the first quarter. Wedbush Securities Inc. now owns 889 shares of the financial services provider’s stock valued at $433,000 after acquiring an additional 53 shares during the last quarter. Finally, Advisor OS LLC grew its holdings in Kinsale Capital Group by 36.1% during the 1st quarter. Advisor OS LLC now owns 1,090 shares of the financial services provider’s stock worth $531,000 after acquiring an additional 289 shares during the period. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Cantor Fitzgerald raised Kinsale Capital Group to a “hold” rating in a research note on Wednesday, August 13th. Morgan Stanley cut their target price on Kinsale Capital Group from $490.00 to $480.00 and set an “overweight” rating on the stock in a research note on Monday. JPMorgan Chase & Co. decreased their target price on Kinsale Capital Group from $460.00 to $450.00 and set a “neutral” rating for the company in a research report on Monday, October 27th. TD Cowen lowered their price target on Kinsale Capital Group from $448.00 to $442.00 and set a “hold” rating for the company in a research note on Tuesday, November 4th. Finally, Compass Point lifted their price objective on shares of Kinsale Capital Group from $432.00 to $490.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. Three equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $493.22.

Kinsale Capital Group Trading Up 3.9%

NYSE:KNSL opened at $384.73 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.09 and a quick ratio of 0.09. The business’s 50-day simple moving average is $424.12 and its 200-day simple moving average is $449.46. Kinsale Capital Group, Inc. has a fifty-two week low of $363.14 and a fifty-two week high of $531.79. The stock has a market capitalization of $8.95 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 1.46 and a beta of 1.09.

Kinsale Capital Group (NYSE:KNSL) last announced its earnings results on Thursday, October 23rd. The financial services provider reported $5.21 EPS for the quarter, topping the consensus estimate of $4.79 by $0.42. The firm had revenue of $497.51 million for the quarter, compared to the consensus estimate of $446.00 million. Kinsale Capital Group had a net margin of 26.30% and a return on equity of 25.66%. The business’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period last year, the company posted $4.20 EPS. Sell-side 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Friday, November 28th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, November 28th. Kinsale Capital Group’s payout ratio is currently 3.34%.

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.