Riverbridge Partners LLC Sells 20,845 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Riverbridge Partners LLC lessened its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 6.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 306,385 shares of the financial services provider’s stock after selling 20,845 shares during the period. Kinsale Capital Group comprises 1.9% of Riverbridge Partners LLC’s portfolio, making the stock its 15th largest holding. Riverbridge Partners LLC’s holdings in Kinsale Capital Group were worth $142,509,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hsbc Holdings PLC acquired a new stake in Kinsale Capital Group in the 2nd quarter valued at about $955,000. Benjamin F. Edwards & Company Inc. grew its stake in shares of Kinsale Capital Group by 17.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 495 shares of the financial services provider’s stock valued at $191,000 after purchasing an additional 74 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Kinsale Capital Group by 127.0% in the second quarter. EverSource Wealth Advisors LLC now owns 277 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 155 shares in the last quarter. Bank of Montreal Can raised its position in Kinsale Capital Group by 143.2% in the 2nd quarter. Bank of Montreal Can now owns 12,635 shares of the financial services provider’s stock worth $4,972,000 after purchasing an additional 7,440 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in Kinsale Capital Group by 57.6% during the 2nd quarter. Marshall Wace LLP now owns 15,370 shares of the financial services provider’s stock worth $5,922,000 after buying an additional 5,619 shares in the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Kinsale Capital Group Stock Down 0.0 %

Kinsale Capital Group stock opened at $439.01 on Thursday. Kinsale Capital Group, Inc. has a fifty-two week low of $355.12 and a fifty-two week high of $548.47. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a market capitalization of $10.22 billion, a price-to-earnings ratio of 25.03, a PEG ratio of 1.61 and a beta of 1.16. The company’s 50 day simple moving average is $472.06 and its 200 day simple moving average is $458.02.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.60 by $0.60. The company had revenue of $418.06 million during the quarter, compared to analyst estimates of $359.43 million. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. The firm’s revenue was up 33.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.31 EPS. As a group, sell-side analysts anticipate that Kinsale Capital Group, Inc. will post 15.67 EPS for the current year.

Kinsale Capital Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a $0.15 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.14%. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 3.42%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on KNSL shares. Wolfe Research raised Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 target price for the company in a research note on Monday, October 28th. Jefferies Financial Group lifted their price objective on Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. BMO Capital Markets boosted their price objective on Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a report on Thursday, November 21st. 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. Finally, JPMorgan Chase & Co. dropped their price target on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $468.89.

Insider Transactions at Kinsale Capital Group

In other Kinsale Capital Group news, Director James Joseph Ritchie sold 2,295 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $499.79, for a total transaction of $1,147,018.05. Following the completion of the transaction, the director now owns 7,348 shares in the company, valued at approximately $3,672,456.92. This represents a 23.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Diane D. Schnupp sold 500 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $510.00, for a total value of $255,000.00. Following the completion of the sale, the executive vice president now owns 6,994 shares in the company, valued at approximately $3,566,940. This trade represents a 6.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,235 shares of company stock valued at $3,618,954 over the last 90 days. 5.60% of the stock is owned by company insiders.

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.