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

Davidson Capital Management Inc. decreased its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 12.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,201 shares of the financial services provider’s stock after selling 1,008 shares during the period. Kinsale Capital Group makes up approximately 1.0% of Davidson Capital Management Inc.’s investment portfolio, making the stock its 20th largest position. Davidson Capital Management Inc.’s holdings in Kinsale Capital Group were worth $3,353,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Benjamin Edwards Inc. raised its holdings in Kinsale Capital Group by 9.9% in the 2nd quarter. Benjamin Edwards Inc. now owns 267 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 24 shares during the last quarter. Leibman Financial Services Inc. grew its stake in shares of Kinsale Capital Group by 0.5% in the 3rd quarter. Leibman Financial Services Inc. now owns 4,562 shares of the financial services provider’s stock valued at $2,124,000 after buying an additional 24 shares during the period. Parkside Financial Bank & Trust grew its stake in shares of Kinsale Capital Group by 9.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 331 shares of the financial services provider’s stock valued at $128,000 after buying an additional 28 shares during the period. CWM LLC grew its stake in shares of Kinsale Capital Group by 8.8% in the 3rd quarter. CWM LLC now owns 406 shares of the financial services provider’s stock valued at $189,000 after buying an additional 33 shares during the period. Finally, Hancock Whitney Corp grew its stake in shares of Kinsale Capital Group by 3.1% in the 1st quarter. Hancock Whitney Corp now owns 1,245 shares of the financial services provider’s stock valued at $653,000 after buying an additional 38 shares during the period. Institutional investors and hedge funds own 85.36% of the company’s stock.

Kinsale Capital Group Stock Down 1.9 %

Shares of KNSL traded down $8.44 during midday trading on Tuesday, reaching $429.83. The stock had a trading volume of 44,075 shares, compared to its average volume of 176,756. Kinsale Capital Group, Inc. has a 1-year low of $325.01 and a 1-year high of $548.47. The company’s fifty day simple moving average is $466.94 and its two-hundred day simple moving average is $427.53. The company has a market cap of $10.00 billion, a price-to-earnings ratio of 29.10, a PEG ratio of 2.03 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 (NYSE:KNSL) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.20 earnings per share for the quarter, beating analysts’ consensus estimates of $3.60 by $0.60. Kinsale Capital Group had a net margin of 26.08% and a return on equity of 30.33%. The business had revenue of $418.06 million for the quarter, compared to analyst estimates of $359.43 million. During the same period last year, the business earned $3.31 EPS. The company’s revenue was up 33.0% on a year-over-year basis. Equities research analysts expect that Kinsale Capital Group, Inc. will post 15.05 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, August 29th. This represents a $0.60 annualized dividend and a yield of 0.14%. Kinsale Capital Group’s dividend payout ratio is currently 3.99%.

Wall Street Analysts Forecast Growth

KNSL has been the subject of several analyst reports. Truist Financial dropped their price target on shares of Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating for the company in a research note on Monday. Royal Bank of Canada lowered their price objective on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating for the company in a research report on Monday. Oppenheimer assumed coverage on shares of Kinsale Capital Group in a research report on Friday, July 12th. They set a “market perform” rating for the company. Wolfe Research raised shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price objective for the company in a research report on Monday. Finally, Jefferies Financial Group increased their price objective 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. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Kinsale Capital Group 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.