Arcus Capital Partners LLC Has $1.54 Million Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Arcus Capital Partners LLC cut its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 16.7% in the third quarter, Holdings Channel.com reports. The firm owned 3,302 shares of the financial services provider’s stock after selling 662 shares during the period. Arcus Capital Partners LLC’s holdings in Kinsale Capital Group were worth $1,537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of KNSL. Benjamin Edwards Inc. boosted its holdings in shares of Kinsale Capital Group by 9.9% in the 2nd quarter. Benjamin Edwards Inc. now owns 267 shares of the financial services provider’s stock worth $103,000 after acquiring an additional 24 shares in the last quarter. Leibman Financial Services Inc. increased 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 worth $2,124,000 after purchasing an additional 24 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Kinsale Capital Group by 9.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 331 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 28 shares during the period. CWM LLC increased its stake in shares of Kinsale Capital Group by 8.8% during the third quarter. CWM LLC now owns 406 shares of the financial services provider’s stock worth $189,000 after purchasing an additional 33 shares during the period. Finally, Hancock Whitney Corp grew its position in Kinsale Capital Group by 3.1% during the first quarter. Hancock Whitney Corp now owns 1,245 shares of the financial services provider’s stock worth $653,000 after buying an additional 38 shares in the last quarter. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Stock Performance

Shares of NYSE KNSL opened at $477.19 on Tuesday. Kinsale Capital Group, Inc. has a 12-month low of $325.01 and a 12-month high of $548.47. The firm has a market capitalization of $11.11 billion, a price-to-earnings ratio of 27.21, a price-to-earnings-growth ratio of 1.97 and a beta of 1.09. The firm has a 50 day moving average of $458.10 and a 200 day moving average of $426.54. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.13.

Kinsale Capital Group (NYSE:KNSL) last announced its earnings results on Thursday, October 24th. The financial services provider reported $4.20 EPS for the quarter, topping analysts’ consensus estimates of $3.60 by $0.60. The firm had revenue of $418.06 million during the quarter, compared to analysts’ expectations of $359.43 million. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. The company’s quarterly revenue was up 33.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.31 EPS. On average, research analysts anticipate that Kinsale Capital Group, Inc. will post 15.52 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.13%. The ex-dividend date of this dividend was Thursday, August 29th. Kinsale Capital Group’s dividend payout ratio is currently 3.42%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on KNSL. Wolfe Research raised shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 target price on the stock in a report on Monday, October 28th. Truist Financial cut their target price on shares of Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Jefferies Financial Group boosted their price objective on Kinsale Capital Group from $444.00 to $471.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Royal Bank of Canada dropped their price target on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a research report on Monday, October 28th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $455.88.

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.