Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Sold by Arcadia Investment Management Corp MI

Arcadia Investment Management Corp MI decreased its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 27.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 473 shares of the financial services provider’s stock after selling 176 shares during the period. Arcadia Investment Management Corp MI’s holdings in Kinsale Capital Group were worth $220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Benjamin Edwards Inc. lifted its position in shares of Kinsale Capital Group by 9.9% during the 2nd quarter. Benjamin Edwards Inc. now owns 267 shares of the financial services provider’s stock valued at $103,000 after buying an additional 24 shares in the last quarter. Leibman Financial Services Inc. lifted its position in shares of Kinsale Capital Group by 0.5% during the 3rd quarter. Leibman Financial Services Inc. now owns 4,562 shares of the financial services provider’s stock valued at $2,124,000 after buying an additional 24 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Kinsale Capital Group by 9.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 331 shares of the financial services provider’s stock valued at $128,000 after buying an additional 28 shares in the last quarter. CWM LLC lifted its position in shares of Kinsale Capital Group by 8.8% during the 3rd quarter. CWM LLC now owns 406 shares of the financial services provider’s stock valued at $189,000 after buying an additional 33 shares in the last quarter. Finally, Hancock Whitney Corp lifted its position in shares of Kinsale Capital Group by 3.1% during the 1st quarter. Hancock Whitney Corp now owns 1,245 shares of the financial services provider’s stock valued at $653,000 after buying an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Stock Down 0.5 %

Shares of KNSL opened at $426.03 on Friday. Kinsale Capital Group, Inc. has a 52-week low of $325.01 and a 52-week high of $548.47. The company has a market capitalization of $9.92 billion, a PE ratio of 24.29, a price-to-earnings-growth ratio of 1.89 and a beta of 1.09. The stock has a fifty day simple moving average of $462.82 and a two-hundred day simple moving average of $427.11. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.60 by $0.60. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. The business had revenue of $418.06 million during the quarter, compared to the consensus estimate of $359.43 million. During the same period last year, the company earned $3.31 EPS. The company’s revenue for the quarter was up 33.0% on a year-over-year basis. As a group, equities analysts forecast that Kinsale Capital Group, Inc. will post 15.13 EPS for the current year.

Kinsale Capital Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date of this dividend was Thursday, August 29th. Kinsale Capital Group’s payout ratio is 3.42%.

Wall Street Analysts Forecast Growth

KNSL has been the topic of a number of research reports. JPMorgan Chase & Co. decreased their price objective on Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. Oppenheimer initiated coverage on Kinsale Capital Group in a report on Friday, July 12th. They issued a “market perform” rating on the stock. Wolfe Research upgraded Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price objective on the stock in a report on Monday, October 28th. Royal Bank of Canada decreased their price objective on Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a report on Monday, October 28th. Finally, Truist Financial decreased their price objective on Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $455.88.

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.