Kinsale Capital Group, Inc. $KNSL Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp cut its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 24.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 445 shares of the financial services provider’s stock after selling 147 shares during the period. Fifth Third Bancorp’s holdings in Kinsale Capital Group were worth $215,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Key Financial Inc raised its position in 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 buying an additional 41 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new position in Kinsale Capital Group during the 1st quarter worth approximately $31,000. NBC Securities Inc. purchased a new position in Kinsale Capital Group during the 1st quarter worth approximately $35,000. von Borstel & Associates Inc. purchased a new position in Kinsale Capital Group during the 1st quarter worth approximately $42,000. Finally, Toth Financial Advisory Corp raised its position in Kinsale Capital Group by 90.0% during the 2nd quarter. Toth Financial Advisory Corp now owns 95 shares of the financial services provider’s stock worth $46,000 after buying an additional 45 shares during the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Kinsale Capital Group Price Performance

Shares of NYSE KNSL opened at $425.21 on Wednesday. The firm has a market cap of $9.91 billion, a PE ratio of 22.18, a PEG ratio of 1.53 and a beta of 1.13. The firm has a fifty day moving average of $444.91 and a 200 day moving average of $461.02. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.10 and a current ratio of 0.10. Kinsale Capital Group, Inc. has a one year low of $405.00 and a one year high of $531.79.

Kinsale Capital Group (NYSE:KNSL) last announced its earnings results 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. Kinsale Capital Group had a net margin of 25.92% and a return on equity of 25.93%. The company had revenue of $458.70 million for the quarter, compared to analysts’ expectations of $436.25 million. During the same quarter in the previous year, the company posted $3.75 EPS. The firm’s quarterly revenue was up 22.2% on a year-over-year basis. As a group, research analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on KNSL shares. Bank of America started coverage on shares of Kinsale Capital Group in a research report on Friday, June 20th. They set a “buy” rating and a $543.00 price target for the company. Truist Financial raised their price target 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. Compass Point raised their price target on shares of Kinsale Capital Group from $432.00 to $490.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. Wall Street Zen raised shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a research report on Sunday, June 22nd. Finally, BMO Capital Markets raised 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 research report on Tuesday, July 29th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Kinsale Capital Group presently has an average rating of “Hold” and a consensus price target of $505.80.

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.