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

Concurrent Investment Advisors LLC reduced its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 5.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,089 shares of the financial services provider’s stock after selling 66 shares during the quarter. 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.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Callan Family Office LLC acquired a new position in Kinsale Capital Group during the second quarter worth about $530,000. Vontobel Holding Ltd. purchased a new position in shares of Kinsale Capital Group during the 2nd quarter worth approximately $243,000. Venturi Wealth Management LLC increased its stake in shares of Kinsale Capital Group by 41.4% during the 2nd quarter. Venturi Wealth Management LLC now owns 4,020 shares of the financial services provider’s stock worth $1,945,000 after purchasing an additional 1,178 shares in the last quarter. Kingswood Wealth Advisors LLC increased its stake in shares of Kinsale Capital Group by 32.2% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 788 shares of the financial services provider’s stock worth $381,000 after purchasing an additional 192 shares in the last quarter. Finally, Roundview Capital LLC purchased a new position in shares of Kinsale Capital Group during the 2nd quarter worth approximately $892,000. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KNSL has been the subject of a number of recent research reports. Cantor Fitzgerald raised shares of Kinsale Capital Group to a “hold” rating in a research note on Wednesday, August 13th. Wall Street Zen raised shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a research note on Sunday, June 22nd. Compass Point raised 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. Truist Financial raised their price objective on shares of Kinsale Capital Group from $500.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, July 28th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Kinsale Capital Group from $440.00 to $460.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $506.89.

Kinsale Capital Group Price Performance

KNSL stock opened at $447.12 on Friday. Kinsale Capital Group, Inc. has a 52-week low of $405.00 and a 52-week high of $531.79. The stock’s fifty day simple moving average is $446.86 and its 200-day simple moving average is $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. The stock has a market capitalization of $10.42 billion, a price-to-earnings ratio of 23.32, a price-to-earnings-growth ratio of 1.62 and a beta of 1.09.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings data 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 return on equity of 25.93% and a net margin of 25.92%.The business had revenue of $458.70 million for the quarter, compared to analysts’ expectations of $436.25 million. During the same quarter last year, the firm earned $3.75 earnings per share. The business’s revenue 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 Announces Dividend

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

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.