Kinsale Capital Group, Inc. $KNSL Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC lessened its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 2.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,653 shares of the financial services provider’s stock after selling 71 shares during the quarter. Park Avenue Securities LLC’s holdings in Kinsale Capital Group were worth $1,284,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KNSL. Key Financial Inc boosted its holdings in shares of Kinsale Capital Group by 315.4% during the 1st quarter. Key Financial Inc now owns 54 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 41 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in Kinsale Capital Group in the 1st quarter valued at about $31,000. NBC Securities Inc. acquired a new position in shares of Kinsale Capital Group in the 1st quarter valued at $35,000. von Borstel & Associates Inc. acquired a new position in shares of Kinsale Capital Group in the 1st quarter valued at $42,000. Finally, Ancora Advisors LLC acquired a new position in Kinsale Capital Group in the first quarter valued at about $49,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on KNSL. Bank of America started coverage on shares of Kinsale Capital Group in a research report on Friday, June 20th. They issued a “buy” rating and a $543.00 target price on the stock. 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 report on Monday, July 28th. BMO Capital Markets upped their price target on Kinsale Capital Group from $429.00 to $474.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 29th. Wall Street Zen upgraded Kinsale Capital Group from a “sell” rating to a “hold” rating in a research note on Sunday, June 22nd. Finally, Cantor Fitzgerald upgraded Kinsale Capital Group to a “hold” rating in a research note on Wednesday, August 13th. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $505.80.

Kinsale Capital Group Stock Down 3.5%

Shares of NYSE KNSL opened at $414.64 on Friday. The stock has a market cap of $9.66 billion, a P/E ratio of 21.63, a PEG ratio of 1.58 and a beta of 1.13. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.11. Kinsale Capital Group, Inc. has a 12-month low of $405.00 and a 12-month high of $531.79. The business’s fifty day simple moving average is $448.53 and its 200-day simple moving average is $461.56.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings data on Thursday, July 24th. The financial services provider reported $4.78 earnings per share (EPS) for the quarter, beating 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% compared to the same quarter last year. During the same period last year, the firm earned $3.75 earnings per share. As a group, equities analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 11th. Investors of record on Friday, August 29th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.68 annualized dividend and a yield of 0.2%. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.55%.

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.