Kinsale Capital Group, Inc. $KNSL Shares Sold by Howland Capital Management LLC

Howland Capital Management LLC decreased its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,269 shares of the financial services provider’s stock after selling 1,713 shares during the period. Kinsale Capital Group makes up 1.3% of Howland Capital Management LLC’s investment portfolio, making the stock its 24th largest holding. Howland Capital Management LLC owned 0.34% of Kinsale Capital Group worth $33,285,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in shares of Kinsale Capital Group by 76.2% during the 1st quarter. AQR Capital Management LLC now owns 835 shares of the financial services provider’s stock valued at $397,000 after acquiring an additional 361 shares during the period. Swedbank AB increased its stake in Kinsale Capital Group by 1.8% in the 2nd quarter. Swedbank AB now owns 58,050 shares of the financial services provider’s stock valued at $28,090,000 after purchasing an additional 1,000 shares in the last quarter. Wedmont Private Capital acquired a new position in Kinsale Capital Group during the second quarter worth $203,000. UMB Bank n.a. boosted its position in Kinsale Capital Group by 11.3% during the second quarter. UMB Bank n.a. now owns 237 shares of the financial services provider’s stock worth $115,000 after purchasing an additional 24 shares in the last quarter. Finally, Toth Financial Advisory Corp boosted its position in 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 worth $46,000 after purchasing an additional 45 shares in the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Kinsale Capital Group Stock Down 0.2%

KNSL stock opened at $398.56 on Friday. The company has a 50 day moving average price of $387.84 and a two-hundred day moving average price of $427.24. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a market capitalization of $9.27 billion, a P/E ratio of 19.58, a PEG ratio of 1.40 and a beta of 1.00. Kinsale Capital Group, Inc. has a one year low of $349.00 and a one year high of $512.76.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $5.21 earnings per share 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 analyst estimates of $446.00 million. Kinsale Capital Group had a return on equity of 25.66% and a net margin of 26.30%.The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.20 EPS. As a group, sell-side analysts expect that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group announced that its board has initiated a share repurchase plan on Thursday, December 11th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the financial services provider to repurchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Kinsale Capital Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Friday, November 28th were issued a $0.17 dividend. The ex-dividend date was Friday, November 28th. This represents a $0.68 annualized dividend and a yield of 0.2%. Kinsale Capital Group’s payout ratio is 3.34%.

Analyst Ratings Changes

KNSL has been the subject of several research reports. Royal Bank Of Canada assumed coverage on Kinsale Capital Group in a research note on Tuesday, November 25th. They set a “sector perform” rating and a $415.00 price target for the company. Wall Street Zen upgraded shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a report on Sunday, December 14th. JPMorgan Chase & Co. reduced their price target on shares of Kinsale Capital Group from $460.00 to $450.00 and set a “neutral” rating on the stock in a report on Monday, October 27th. Wells Fargo & Company started coverage on shares of Kinsale Capital Group in a research note on Thursday. They set an “overweight” rating and a $490.00 price objective for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Kinsale Capital Group in a research report on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Kinsale Capital Group presently has a consensus rating of “Hold” and an average target price of $476.60.

Kinsale Capital Group Company 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.