Praxis Investment Management Inc. Decreases Stock Holdings in Kinsale Capital Group, Inc. $KNSL

Praxis Investment Management Inc. reduced its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 26.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 570 shares of the financial services provider’s stock after selling 200 shares during the quarter. Praxis Investment Management Inc.’s holdings in Kinsale Capital Group were worth $276,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Key Financial Inc boosted its stake in shares of Kinsale Capital Group by 315.4% in the first quarter. Key Financial Inc now owns 54 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 41 shares during the period. N.E.W. Advisory Services LLC purchased a new position in shares of Kinsale Capital Group in the first quarter valued at $31,000. V Square Quantitative Management LLC purchased a new position in shares of Kinsale Capital Group in the second quarter valued at $31,000. von Borstel & Associates Inc. purchased a new position in shares of Kinsale Capital Group in the first quarter valued at $42,000. Finally, Toth Financial Advisory Corp boosted its stake in shares of Kinsale Capital Group by 90.0% in the second quarter. Toth Financial Advisory Corp now owns 95 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 45 shares during the period. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KNSL has been the subject of several analyst reports. Wall Street Zen upgraded shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a research note on Sunday, June 22nd. BMO Capital Markets upped their target price on shares of Kinsale Capital Group from $429.00 to $474.00 and gave the company a “market perform” rating in a research note on Tuesday, July 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Kinsale Capital Group in a research note on Wednesday, October 8th. Cantor Fitzgerald upgraded shares of Kinsale Capital Group to a “hold” rating in a research note on Wednesday, August 13th. Finally, Compass Point increased their price objective on shares of Kinsale Capital Group from $432.00 to $490.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $506.89.

Kinsale Capital Group Trading Up 2.0%

NYSE KNSL opened at $447.12 on Friday. Kinsale Capital Group, Inc. has a 12 month low of $405.00 and a 12 month high of $531.79. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.10 and a quick ratio of 0.10. The company has a market capitalization of $10.42 billion, a price-to-earnings ratio of 23.32, a price-to-earnings-growth ratio of 1.65 and a beta of 1.09. The company’s fifty day moving average price is $446.86 and its two-hundred day moving average price is $459.74.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, July 24th. The financial services provider reported $4.78 earnings per share for the quarter, topping analysts’ consensus estimates of $4.41 by $0.37. The company had revenue of $458.70 million for the quarter, compared to analysts’ expectations of $436.25 million. Kinsale Capital Group had a net margin of 25.92% and a return on equity of 25.93%. The firm’s revenue was up 22.2% compared to the same quarter last year. During the same period in the prior year, the company earned $3.75 earnings per share. As a group, research analysts predict that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

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

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.