Caliber Wealth Management LLC KS Sells 73 Shares of Kinsale Capital Group, Inc. $KNSL

Caliber Wealth Management LLC KS trimmed its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 11.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 586 shares of the financial services provider’s stock after selling 73 shares during the period. Caliber Wealth Management LLC KS’s holdings in Kinsale Capital Group were worth $284,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Kinsale Capital Group by 10.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,614 shares of the financial services provider’s stock valued at $1,272,000 after purchasing an additional 254 shares during the period. Bridges Investment Management Inc. lifted its stake in shares of Kinsale Capital Group by 111.5% in the 1st quarter. Bridges Investment Management Inc. now owns 5,026 shares of the financial services provider’s stock valued at $2,446,000 after purchasing an additional 2,650 shares during the period. M&T Bank Corp lifted its stake in shares of Kinsale Capital Group by 43.4% in the 1st quarter. M&T Bank Corp now owns 3,672 shares of the financial services provider’s stock valued at $1,787,000 after purchasing an additional 1,111 shares during the period. Artemis Investment Management LLP lifted its stake in shares of Kinsale Capital Group by 43.9% in the 1st quarter. Artemis Investment Management LLP now owns 80,924 shares of the financial services provider’s stock valued at $39,387,000 after purchasing an additional 24,681 shares during the period. Finally, Moody Aldrich Partners LLC acquired a new position in shares of Kinsale Capital Group in the 1st quarter valued at $270,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

Kinsale Capital Group Stock Performance

KNSL opened at $453.00 on Thursday. The business’s 50-day moving average price is $447.34 and its two-hundred day moving average price is $459.28. Kinsale Capital Group, Inc. has a 1 year low of $405.00 and a 1 year high of $531.79. The company has a market capitalization of $10.55 billion, a price-to-earnings ratio of 23.63, a P/E/G ratio of 1.68 and a beta of 1.09. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.10 and a quick ratio of 0.10.

Kinsale Capital Group (NYSE:KNSL) last released its earnings results on Thursday, July 24th. The financial services provider reported $4.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.41 by $0.37. The business had revenue of $458.70 million for the quarter, compared to the consensus estimate of $436.25 million. Kinsale Capital Group had a return on equity of 25.93% and a net margin of 25.92%.Kinsale Capital Group’s quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.75 earnings per share. Equities analysts expect that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

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

Analyst Upgrades and Downgrades

KNSL has been the topic of a number of analyst reports. Morgan Stanley cut their price target on Kinsale Capital Group from $525.00 to $500.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 7th. Compass Point increased their price target on Kinsale Capital Group from $432.00 to $490.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. JPMorgan Chase & Co. raised their price objective on Kinsale Capital Group from $440.00 to $460.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. BMO Capital Markets raised their price objective on Kinsale Capital Group from $429.00 to $474.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 29th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Kinsale Capital Group in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Kinsale Capital Group currently has a consensus rating of “Hold” and a consensus price target of $506.89.

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.