Navellier & Associates Inc. Sells 161 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Navellier & Associates Inc. reduced its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 5.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,051 shares of the financial services provider’s stock after selling 161 shares during the period. Navellier & Associates Inc.’s holdings in Kinsale Capital Group were worth $1,420,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Thrivent Financial for Lutherans raised its position in Kinsale Capital Group by 0.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 729,508 shares of the financial services provider’s stock valued at $281,065,000 after purchasing an additional 6,331 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its position in Kinsale Capital Group by 14.0% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 426,418 shares of the financial services provider’s stock worth $164,291,000 after purchasing an additional 52,218 shares during the last quarter. Geneva Capital Management LLC lifted its holdings in Kinsale Capital Group by 1.3% during the 3rd quarter. Geneva Capital Management LLC now owns 407,831 shares of the financial services provider’s stock worth $189,874,000 after buying an additional 5,207 shares in the last quarter. Copeland Capital Management LLC boosted its position in Kinsale Capital Group by 0.3% in the 3rd quarter. Copeland Capital Management LLC now owns 231,303 shares of the financial services provider’s stock valued at $107,687,000 after buying an additional 685 shares during the last quarter. Finally, Natixis Advisors LLC increased its stake in shares of Kinsale Capital Group by 10.3% in the 2nd quarter. Natixis Advisors LLC now owns 159,009 shares of the financial services provider’s stock valued at $61,263,000 after buying an additional 14,878 shares during the period. 85.36% of the stock is owned by institutional investors and hedge funds.

Kinsale Capital Group Trading Up 2.0 %

Shares of NYSE KNSL opened at $478.71 on Thursday. Kinsale Capital Group, Inc. has a twelve month low of $325.01 and a twelve month high of $548.47. The stock has a market cap of $11.15 billion, a price-to-earnings ratio of 27.29, a P/E/G ratio of 2.02 and a beta of 1.09. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13. The company’s fifty day moving average is $458.87 and its 200-day moving average is $431.02.

Kinsale Capital Group (NYSE:KNSL) last posted its earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share for the quarter, topping the consensus estimate of $3.60 by $0.60. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. The firm had revenue of $418.06 million for the quarter, compared to analyst estimates of $359.43 million. During the same period in the previous year, the company posted $3.31 earnings per share. The company’s revenue for the quarter was up 33.0% on a year-over-year basis. Equities research analysts predict that Kinsale Capital Group, Inc. will post 15.52 EPS for the current year.

Kinsale Capital Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.15 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.13%. Kinsale Capital Group’s dividend payout ratio is 3.42%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KNSL. Wolfe Research raised Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price target on the stock in a research note on Monday, October 28th. Royal Bank of Canada reduced their target price on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a research note on Monday, October 28th. Jefferies Financial Group lifted their price target on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Truist Financial cut their price objective on shares of Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $455.88.

Kinsale Capital Group 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.