Kinsale Capital Group, Inc. $KNSL Stake Reduced by Greenleaf Trust

Greenleaf Trust trimmed its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 85.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 548 shares of the financial services provider’s stock after selling 3,257 shares during the quarter. Greenleaf Trust’s holdings in Kinsale Capital Group were worth $233,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in shares of Kinsale Capital Group in the 2nd quarter worth about $31,000. Darwin Wealth Management LLC bought a new position in Kinsale Capital Group in the 2nd quarter worth about $38,000. VSM Wealth Advisory LLC acquired a new stake in shares of Kinsale Capital Group in the second quarter valued at approximately $39,000. Toth Financial Advisory Corp raised its holdings in shares of Kinsale Capital Group by 90.0% during the second quarter. Toth Financial Advisory Corp now owns 95 shares of the financial services provider’s stock valued at $46,000 after buying an additional 45 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Kinsale Capital Group by 72.9% during the second quarter. EverSource Wealth Advisors LLC now owns 102 shares of the financial services provider’s stock worth $49,000 after buying an additional 43 shares during the period. Institutional investors and hedge funds own 85.36% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on KNSL shares. JPMorgan Chase & Co. lowered their target price on Kinsale Capital Group from $460.00 to $450.00 and set a “neutral” rating on the stock in a research report on Monday, October 27th. Royal Bank Of Canada assumed coverage on Kinsale Capital Group in a report on Tuesday, November 25th. They set a “sector perform” rating and a $415.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kinsale Capital Group in a report on Monday, December 29th. TD Cowen decreased their target price on shares of Kinsale Capital Group from $448.00 to $442.00 and set a “hold” rating for the company in a research report on Tuesday, November 4th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Kinsale Capital Group in a research note on Tuesday, December 16th. Three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $483.78.

Kinsale Capital Group Trading Down 3.2%

Shares of KNSL stock opened at $398.07 on Friday. The stock has a 50-day simple moving average of $387.76 and a 200 day simple moving average of $430.47. Kinsale Capital Group, Inc. has a fifty-two week low of $349.00 and a fifty-two week high of $512.76. The stock has a market capitalization of $9.26 billion, a P/E ratio of 19.55, a P/E/G ratio of 1.45 and a beta of 1.00. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.11.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $5.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.79 by $0.42. The firm had revenue of $497.51 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.20 earnings per share. On average, sell-side analysts expect that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group declared that its Board of Directors has authorized a stock repurchase program on Thursday, December 11th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the financial services provider to repurchase up to 2.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Kinsale Capital Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Friday, November 28th were given 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 was Friday, November 28th. Kinsale Capital Group’s dividend payout ratio is 3.34%.

Kinsale Capital Group Profile

Kinsale Capital Group, Inc (NYSE:KNSL) is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company’s product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.