Cerity Partners LLC Sells 7,186 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Cerity Partners LLC lowered its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 67.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,455 shares of the financial services provider’s stock after selling 7,186 shares during the quarter. Cerity Partners LLC’s holdings in Kinsale Capital Group were worth $1,682,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in KNSL. GAMMA Investing LLC raised its holdings in Kinsale Capital Group by 59,220.7% in the 1st quarter. GAMMA Investing LLC now owns 309,061 shares of the financial services provider’s stock valued at $150,423,000 after buying an additional 308,540 shares during the last quarter. Norges Bank bought a new position in Kinsale Capital Group during the 4th quarter worth approximately $89,200,000. Alliancebernstein L.P. raised its holdings in Kinsale Capital Group by 486.3% during the 4th quarter. Alliancebernstein L.P. now owns 214,045 shares of the financial services provider’s stock worth $99,559,000 after purchasing an additional 177,540 shares during the last quarter. Premier Fund Managers Ltd raised its holdings in Kinsale Capital Group by 20,286.0% during the 4th quarter. Premier Fund Managers Ltd now owns 104,784 shares of the financial services provider’s stock worth $48,813,000 after purchasing an additional 104,270 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Kinsale Capital Group by 105.9% during the 4th quarter. Ameriprise Financial Inc. now owns 89,253 shares of the financial services provider’s stock worth $41,509,000 after purchasing an additional 45,896 shares during the last quarter. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Stock Performance

Shares of KNSL stock opened at $479.76 on Monday. The company has a market cap of $11.18 billion, a price-to-earnings ratio of 27.60, a price-to-earnings-growth ratio of 1.78 and a beta of 1.19. Kinsale Capital Group, Inc. has a 52 week low of $366.92 and a 52 week high of $531.79. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average of $471.44 and a 200-day moving average of $459.99.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $3.71 EPS for the quarter, topping the consensus estimate of $3.15 by $0.56. Kinsale Capital Group had a net margin of 24.73% and a return on equity of 26.36%. The company had revenue of $423.40 million during the quarter, compared to the consensus estimate of $425.73 million. During the same quarter last year, the firm posted $3.50 EPS. The company’s quarterly revenue was up 7.9% on a year-over-year basis. On average, equities analysts forecast that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 30th were given a $0.17 dividend. This represents a yield of 0.15%. The ex-dividend date was Thursday, May 29th. Kinsale Capital Group’s payout ratio is currently 3.91%.

Analysts Set New Price Targets

KNSL has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their price target on shares of Kinsale Capital Group from $402.00 to $400.00 and set a “neutral” rating for the company in a report on Monday, April 28th. Truist Financial lowered their price target on shares of Kinsale Capital Group from $525.00 to $500.00 and set a “buy” rating for the company in a report on Monday, April 28th. Morgan Stanley raised their price target on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the stock an “overweight” rating in a report on Monday, May 19th. Wall Street Zen upgraded shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a report on Sunday, June 22nd. Finally, Bank of America initiated coverage on shares of Kinsale Capital Group in a report on Friday, June 20th. They set a “buy” rating and a $543.00 price target for the company. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Kinsale Capital Group has an average rating of “Hold” and an average price target of $491.88.

Insider Transactions at Kinsale Capital Group

In related news, EVP Diane D. Schnupp sold 1,398 shares of Kinsale Capital Group stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $472.00, for a total value of $659,856.00. Following the completion of the sale, the executive vice president owned 6,646 shares of the company’s stock, valued at approximately $3,136,912. This trade represents a 17.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 5.50% of the company’s stock.

Kinsale Capital Group Company 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.