Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Sold by Canal Capital Management LLC

Canal Capital Management LLC reduced its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 3.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,073 shares of the financial services provider’s stock after selling 257 shares during the period. Canal Capital Management LLC’s holdings in Kinsale Capital Group were worth $3,293,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of KNSL. Thrivent Financial for Lutherans raised its position in shares of Kinsale Capital Group by 0.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 729,508 shares of the financial services provider’s stock worth $281,065,000 after purchasing an additional 6,331 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Kinsale Capital Group by 14.0% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 426,418 shares of the financial services provider’s stock valued at $164,291,000 after acquiring an additional 52,218 shares during the last quarter. DAVENPORT & Co LLC raised its holdings in shares of Kinsale Capital Group by 0.4% during the first quarter. DAVENPORT & Co LLC now owns 327,664 shares of the financial services provider’s stock valued at $173,095,000 after acquiring an additional 1,286 shares during the last quarter. Champlain Investment Partners LLC lifted its position in shares of Kinsale Capital Group by 58.9% in the first quarter. Champlain Investment Partners LLC now owns 243,474 shares of the financial services provider’s stock valued at $127,761,000 after acquiring an additional 90,209 shares in the last quarter. Finally, Copeland Capital Management LLC boosted its stake in shares of Kinsale Capital Group by 0.3% in the third quarter. Copeland Capital Management LLC now owns 231,303 shares of the financial services provider’s stock worth $107,687,000 after acquiring an additional 685 shares during the last quarter. 85.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on KNSL shares. Royal Bank of Canada increased their price objective on Kinsale Capital Group from $425.00 to $455.00 and gave the company a “sector perform” rating in a research note on Monday, July 29th. Jefferies Financial Group increased their target price on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Truist Financial boosted their price target on shares of Kinsale Capital Group from $485.00 to $530.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Oppenheimer started coverage on shares of Kinsale Capital Group in a report on Friday, July 12th. They issued a “market perform” rating for the company. Finally, Wolfe Research cut Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a report on Monday, September 16th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $446.00.

Kinsale Capital Group Stock Performance

Kinsale Capital Group stock opened at $458.42 on Friday. The firm has a 50 day simple moving average of $468.92 and a 200-day simple moving average of $428.10. The stock has a market cap of $10.67 billion, a price-to-earnings ratio of 30.52, a price-to-earnings-growth ratio of 2.05 and a beta of 1.08. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.13 and a quick ratio of 0.13. Kinsale Capital Group, Inc. has a 1-year low of $325.01 and a 1-year high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.20 EPS for the quarter, beating analysts’ consensus estimates of $3.70 by $0.50. The firm had revenue of $418.06 million for the quarter, compared to analysts’ expectations of $359.43 million. Kinsale Capital Group had a return on equity of 30.33% and a net margin of 26.08%. The firm’s quarterly revenue was up 33.0% on a year-over-year basis. During the same period in the prior year, the firm posted $3.31 earnings per share. On average, analysts expect that Kinsale Capital Group, Inc. will post 15.31 EPS for the current year.

Kinsale Capital Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a $0.15 dividend. The ex-dividend date was Thursday, August 29th. This represents a $0.60 annualized dividend and a yield of 0.13%. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 3.99%.

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.