Kinsale Capital Group, Inc. $KNSL Shares Sold by Entropy Technologies LP

Entropy Technologies LP trimmed its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 42.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,215 shares of the financial services provider’s stock after selling 885 shares during the quarter. Entropy Technologies LP’s holdings in Kinsale Capital Group were worth $588,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of KNSL. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of Kinsale Capital Group in the first quarter valued at approximately $125,003,000. First Manhattan CO. LLC. raised its stake in Kinsale Capital Group by 401.4% in the 1st quarter. First Manhattan CO. LLC. now owns 201,272 shares of the financial services provider’s stock valued at $97,961,000 after purchasing an additional 161,132 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Kinsale Capital Group by 39.8% in the 1st quarter. JPMorgan Chase & Co. now owns 460,651 shares of the financial services provider’s stock valued at $224,204,000 after purchasing an additional 131,056 shares during the last quarter. Giverny Capital Inc. lifted its holdings in Kinsale Capital Group by 87.3% in the 1st quarter. Giverny Capital Inc. now owns 169,967 shares of the financial services provider’s stock valued at $82,725,000 after purchasing an additional 79,208 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in Kinsale Capital Group during the 1st quarter worth $38,487,000. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KNSL. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kinsale Capital Group in a research report on Wednesday, November 19th. Cantor Fitzgerald upgraded shares of Kinsale Capital Group to a “hold” rating in a report on Wednesday, August 13th. Morgan Stanley decreased their target price on shares of Kinsale Capital Group from $490.00 to $480.00 and set an “overweight” rating on the stock in a research note on Monday, November 17th. Truist Financial upped their price target on Kinsale Capital Group from $500.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, July 28th. Finally, JPMorgan Chase & Co. reduced their price objective on Kinsale Capital Group from $460.00 to $450.00 and set a “neutral” rating on the stock in a research report on Monday, October 27th. Three analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kinsale Capital Group currently has an average rating of “Hold” and an average target price of $493.22.

Kinsale Capital Group Stock Performance

Kinsale Capital Group stock opened at $379.39 on Tuesday. The firm has a 50 day simple moving average of $423.21 and a 200-day simple moving average of $448.76. The stock has a market cap of $8.83 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of 1.46 and a beta of 1.09. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.09 and a quick ratio of 0.09. Kinsale Capital Group, Inc. has a 1-year low of $363.14 and a 1-year high of $531.79.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $5.21 EPS for the quarter, beating analysts’ consensus estimates of $4.79 by $0.42. The firm had revenue of $497.51 million for the quarter, compared to analysts’ expectations of $446.00 million. Kinsale Capital Group had a return on equity of 25.66% and a net margin of 26.30%.The firm’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the prior year, the firm posted $4.20 earnings per share. On average, analysts expect that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Friday, November 28th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, November 28th. Kinsale Capital Group’s dividend payout ratio is 3.34%.

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.