Aviva PLC Sells 351 Shares of Kinsale Capital Group, Inc. $KNSL

Aviva PLC decreased its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 25.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,006 shares of the financial services provider’s stock after selling 351 shares during the quarter. Aviva PLC’s holdings in Kinsale Capital Group were worth $487,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of Kinsale Capital Group in the first quarter worth about $125,003,000. First Manhattan CO. LLC. boosted its holdings in Kinsale Capital Group by 401.4% in the 1st quarter. First Manhattan CO. LLC. now owns 201,272 shares of the financial services provider’s stock worth $97,961,000 after buying an additional 161,132 shares during the period. Madison Asset Management LLC purchased a new position in Kinsale Capital Group in the 1st quarter valued at approximately $76,235,000. JPMorgan Chase & Co. raised its holdings in Kinsale Capital Group by 39.8% during the 1st quarter. JPMorgan Chase & Co. now owns 460,651 shares of the financial services provider’s stock valued at $224,204,000 after acquiring an additional 131,056 shares during the period. Finally, Giverny Capital Inc. raised its holdings in Kinsale Capital Group by 87.3% during the 1st quarter. Giverny Capital Inc. now owns 169,967 shares of the financial services provider’s stock valued at $82,725,000 after acquiring an additional 79,208 shares during the period. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Trading Down 1.1%

Shares of KNSL opened at $392.64 on Friday. Kinsale Capital Group, Inc. has a fifty-two week low of $382.89 and a fifty-two week high of $531.79. The firm has a market cap of $9.13 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 1.46 and a beta of 1.09. The firm has a 50 day moving average price of $430.88 and a 200-day moving average price of $451.65. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.09 and a current ratio of 0.09.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, October 23rd. The financial services provider reported $5.21 EPS for the quarter, topping analysts’ consensus estimates of $4.79 by $0.42. The company had revenue of $497.51 million for the quarter, compared to analysts’ expectations of $446.00 million. Kinsale Capital Group had a net margin of 26.30% and a return on equity of 25.66%. The firm’s revenue was up 19.0% compared to the same quarter last year. During the same quarter last year, the company earned $4.20 EPS. As a group, equities research analysts forecast that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Friday, November 28th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, November 28th. Kinsale Capital Group’s payout ratio is 3.34%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Weiss Ratings cut Kinsale Capital Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, November 7th. Morgan Stanley cut their price objective on shares of Kinsale Capital Group from $525.00 to $500.00 and set an “overweight” rating for the company in a research report on Tuesday, October 7th. BMO Capital Markets boosted their price objective on shares of Kinsale Capital Group from $429.00 to $474.00 and gave the company a “market perform” rating in a research note on Tuesday, July 29th. Cantor Fitzgerald raised shares of Kinsale Capital Group to a “hold” rating in a report on Wednesday, August 13th. Finally, Compass Point raised their price target on shares of Kinsale Capital Group from $432.00 to $490.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Three analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $495.44.

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.