Dearborn Partners LLC Sells 905 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Dearborn Partners LLC cut its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 23.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,930 shares of the financial services provider’s stock after selling 905 shares during the period. Dearborn Partners LLC’s holdings in Kinsale Capital Group were worth $1,364,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Headlands Technologies LLC purchased a new position in Kinsale Capital Group during the first quarter valued at approximately $25,000. ORG Wealth Partners LLC bought a new stake in shares of Kinsale Capital Group during the 3rd quarter valued at $26,000. UMB Bank n.a. lifted its stake in shares of Kinsale Capital Group by 408.3% during the 3rd quarter. UMB Bank n.a. now owns 61 shares of the financial services provider’s stock valued at $28,000 after buying an additional 49 shares in the last quarter. Trust Co. of Vermont lifted its stake in shares of Kinsale Capital Group by 113.6% during the 2nd quarter. Trust Co. of Vermont now owns 94 shares of the financial services provider’s stock valued at $36,000 after buying an additional 50 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in Kinsale Capital Group by 68.9% in the 3rd quarter. Signaturefd LLC now owns 103 shares of the financial services provider’s stock worth $48,000 after buying an additional 42 shares during the period. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Trading Down 0.9 %

Shares of Kinsale Capital Group stock opened at $473.41 on Friday. The firm has a fifty day moving average price of $458.10 and a 200 day moving average price of $427.57. 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 stock has a market cap of $11.03 billion, a PE ratio of 26.99, a price-to-earnings-growth ratio of 2.05 and a beta of 1.09. 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 results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.60 by $0.60. The firm had revenue of $418.06 million for the quarter, compared to analysts’ expectations 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 for the quarter was up 33.0% compared to the same quarter last year. During the same quarter last year, the company earned $3.31 EPS. Equities research analysts predict that Kinsale Capital Group, Inc. will post 15.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada dropped their target price 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, October 28th. Jefferies Financial Group raised their price objective on 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 decreased their target price on Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. JPMorgan Chase & Co. reduced their price objective on Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. Finally, Wolfe Research upgraded 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 report on Monday, October 28th. Seven equities research analysts have rated the stock with a hold rating and two have issued 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 $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.