Rheos Capital Works Inc. Sells 1,400 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Rheos Capital Works Inc. lessened its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 9.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,000 shares of the financial services provider’s stock after selling 1,400 shares during the quarter. Rheos Capital Works Inc. owned about 0.06% of Kinsale Capital Group worth $6,052,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in KNSL. Benjamin Edwards Inc. grew its holdings in shares of Kinsale Capital Group by 9.9% in the second quarter. Benjamin Edwards Inc. now owns 267 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 24 shares in the last quarter. Leibman Financial Services Inc. lifted its position in Kinsale Capital Group by 0.5% during the third quarter. Leibman Financial Services Inc. now owns 4,562 shares of the financial services provider’s stock valued at $2,124,000 after purchasing an additional 24 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Kinsale Capital Group by 9.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 331 shares of the financial services provider’s stock worth $128,000 after buying an additional 28 shares in the last quarter. CWM LLC increased its holdings in shares of Kinsale Capital Group by 8.8% in the 3rd quarter. CWM LLC now owns 406 shares of the financial services provider’s stock worth $189,000 after buying an additional 33 shares during the last quarter. Finally, Hancock Whitney Corp raised its position in shares of Kinsale Capital Group by 3.1% during the 1st quarter. Hancock Whitney Corp now owns 1,245 shares of the financial services provider’s stock valued at $653,000 after buying an additional 38 shares in the last quarter. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Stock Performance

KNSL stock opened at $471.40 on Thursday. Kinsale Capital Group, Inc. has a twelve month low of $325.01 and a twelve month high of $548.47. The firm has a market cap of $10.97 billion, a price-to-earnings ratio of 31.32, a PEG ratio of 2.05 and a beta of 1.08. The business’s fifty day simple moving average is $469.67 and its two-hundred day simple moving average is $427.83. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.15.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $3.75 EPS for the quarter, topping the consensus estimate of $3.52 by $0.23. Kinsale Capital Group had a net margin of 26.08% and a return on equity of 30.33%. The company had revenue of $384.55 million for the quarter, compared to the consensus estimate of $410.20 million. During the same quarter last year, the firm posted $2.88 EPS. The firm’s revenue was up 30.0% compared to the same quarter last year. Analysts predict that Kinsale Capital Group, Inc. will post 15.31 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date was Thursday, August 29th. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.99%.

Analyst Ratings Changes

Several research analysts recently commented on KNSL shares. Oppenheimer began coverage on Kinsale Capital Group in a research report on Friday, July 12th. They issued a “market perform” rating for the company. Jefferies Financial Group lifted their target price on Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Wolfe Research downgraded Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, September 16th. Truist Financial raised their price target on Kinsale Capital Group from $485.00 to $530.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $446.00.

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.