Atria Wealth Solutions Inc. Sells 982 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Atria Wealth Solutions Inc. lessened its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 35.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,770 shares of the financial services provider’s stock after selling 982 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Kinsale Capital Group were worth $861,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. GAMMA Investing LLC grew its stake in shares of 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 worth $150,423,000 after acquiring an additional 308,540 shares in the last quarter. Madison Asset Management LLC bought a new stake in shares of Kinsale Capital Group in the 1st quarter worth $76,235,000. GW&K Investment Management LLC boosted its holdings in shares of Kinsale Capital Group by 46.6% in the 1st quarter. GW&K Investment Management LLC now owns 166,866 shares of the financial services provider’s stock worth $81,215,000 after buying an additional 53,064 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Kinsale Capital Group by 105.9% in the 4th quarter. Ameriprise Financial Inc. now owns 89,253 shares of the financial services provider’s stock worth $41,509,000 after buying an additional 45,896 shares during the last quarter. Finally, Natixis Advisors LLC lifted its holdings in Kinsale Capital Group by 261.8% during the first quarter. Natixis Advisors LLC now owns 58,914 shares of the financial services provider’s stock valued at $28,674,000 after purchasing an additional 42,630 shares during the last quarter. Institutional investors own 85.36% of the company’s stock.

Insider Activity

In other news, EVP Diane D. Schnupp sold 1,398 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $472.00, for a total transaction of $659,856.00. Following the sale, the executive vice president directly owned 6,646 shares of the company’s stock, valued at $3,136,912. This represents a 17.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.50% of the stock is owned by company insiders.

Analyst Ratings Changes

KNSL has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price objective on shares of Kinsale Capital Group from $440.00 to $460.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Bank of America began coverage on shares of Kinsale Capital Group in a report on Friday, June 20th. They issued a “buy” rating and a $543.00 price target on the stock. BMO Capital Markets increased their price target on shares of Kinsale Capital Group from $429.00 to $474.00 and gave the stock a “market perform” rating in a report on Tuesday, July 29th. Compass Point increased their price target on shares of Kinsale Capital Group from $432.00 to $490.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Finally, Truist Financial upped their price objective on shares of Kinsale Capital Group from $500.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, July 28th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Kinsale Capital Group currently has an average rating of “Hold” and a consensus target price of $506.44.

Kinsale Capital Group Trading Down 0.5%

Kinsale Capital Group stock opened at $436.67 on Tuesday. The business has a 50-day simple moving average of $469.11 and a two-hundred day simple moving average of $462.95. The company has a market cap of $10.17 billion, a P/E ratio of 22.78, a P/E/G ratio of 1.62 and a beta of 1.12. Kinsale Capital Group, Inc. has a 52-week low of $405.00 and a 52-week high of $531.79. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.11.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings data on Thursday, July 24th. The financial services provider reported $4.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.41 by $0.37. The business had revenue of $458.70 million for the quarter, compared to analysts’ expectations of $436.25 million. Kinsale Capital Group had a return on equity of 25.93% and a net margin of 25.92%. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same period in the prior year, the firm earned $3.75 EPS. Analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, June 12th. Stockholders of record on Friday, May 30th were issued a dividend of $0.17 per share. This represents a dividend yield of 15.0%. The ex-dividend date of this dividend was Thursday, May 29th. Kinsale Capital Group’s dividend payout ratio is 3.55%.

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.