Creative Planning Sells 396 Shares of Kinsale Capital Group, Inc. $KNSL

Creative Planning lessened its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 9.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,862 shares of the financial services provider’s stock after selling 396 shares during the quarter. Creative Planning’s holdings in Kinsale Capital Group were worth $1,869,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Allianz Asset Management GmbH grew its stake in shares of Kinsale Capital Group by 68.6% in the 1st quarter. Allianz Asset Management GmbH now owns 2,950 shares of the financial services provider’s stock worth $1,436,000 after buying an additional 1,200 shares during the last quarter. Cetera Investment Advisers raised its stake in Kinsale Capital Group by 7.3% during the first quarter. Cetera Investment Advisers now owns 8,625 shares of the financial services provider’s stock valued at $4,198,000 after buying an additional 589 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Kinsale Capital Group by 16.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,739 shares of the financial services provider’s stock worth $2,307,000 after acquiring an additional 656 shares in the last quarter. LPL Financial LLC grew its stake in shares of Kinsale Capital Group by 11.0% in the first quarter. LPL Financial LLC now owns 22,664 shares of the financial services provider’s stock worth $10,720,000 after acquiring an additional 2,249 shares during the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of Kinsale Capital Group in the first quarter worth $31,000. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Kinsale Capital Group Stock Performance

Shares of NYSE KNSL opened at $381.76 on Thursday. The firm’s 50-day moving average price is $421.38 and its 200-day moving average price is $447.81. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.11. The company has a market cap of $8.88 billion, a PE ratio of 18.75, a PEG ratio of 1.46 and a beta of 1.09. Kinsale Capital Group, Inc. has a 52-week low of $363.14 and a 52-week high of $531.79.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $5.21 earnings per share for the quarter, beating the consensus estimate of $4.79 by $0.42. Kinsale Capital Group had a net margin of 26.30% and a return on equity of 25.66%. The firm had revenue of $497.51 million during the quarter, compared to analysts’ expectations of $446.00 million. During the same period in the previous year, the company earned $4.20 earnings per share. The firm’s quarterly revenue was up 19.0% on a year-over-year basis. As a group, analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on KNSL. Cantor Fitzgerald raised Kinsale Capital Group to a “hold” rating in a research report on Wednesday, August 13th. Royal Bank Of Canada started coverage on shares of Kinsale Capital Group in a report on Tuesday. They issued a “sector perform” rating and a $415.00 target price for the company. TD Cowen dropped their target price on shares of Kinsale Capital Group from $448.00 to $442.00 and set a “hold” rating on the stock in a research note on Tuesday, November 4th. Morgan Stanley reduced their price target on shares of Kinsale Capital Group from $490.00 to $480.00 and set an “overweight” rating for the company in a research report on Monday, November 17th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Kinsale Capital Group in a report on Tuesday. Three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $483.78.

Kinsale Capital Group 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.