Kinsale Capital Group, Inc. (NYSE:KNSL) Stock Position Decreased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lowered its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 3.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,735 shares of the financial services provider’s stock after selling 969 shares during the period. Segall Bryant & Hamill LLC owned 0.10% of Kinsale Capital Group worth $11,050,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. grew its position 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 during the last quarter. Leibman Financial Services Inc. lifted its position in shares of Kinsale Capital Group by 0.5% in the 3rd quarter. Leibman Financial Services Inc. now owns 4,562 shares of the financial services provider’s stock worth $2,124,000 after acquiring an additional 24 shares during the period. Parkside Financial Bank & Trust grew its holdings in shares of Kinsale Capital Group by 9.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 331 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 28 shares in the last quarter. CWM LLC increased its position in shares of Kinsale Capital Group by 8.8% during the third quarter. CWM LLC now owns 406 shares of the financial services provider’s stock valued at $189,000 after purchasing an additional 33 shares during the period. Finally, Fifth Third Wealth Advisors LLC raised its stake in shares of Kinsale Capital Group by 5.1% in the third quarter. Fifth Third Wealth Advisors LLC now owns 763 shares of the financial services provider’s stock valued at $355,000 after purchasing an additional 37 shares in the last quarter. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Stock Up 2.8 %

NYSE KNSL opened at $491.58 on Friday. The stock’s 50 day simple moving average is $458.87 and its 200 day simple moving average is $431.02. Kinsale Capital Group, Inc. has a one year low of $325.01 and a one year high of $548.47. The firm has a market cap of $11.45 billion, a PE ratio of 28.03, a price-to-earnings-growth ratio of 2.02 and a beta of 1.09. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.09 and a quick ratio of 0.09.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.20 EPS for the quarter, topping analysts’ consensus estimates of $3.60 by $0.60. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. The company had revenue of $418.06 million for the quarter, compared to analyst estimates of $359.43 million. During the same quarter in the previous year, the firm earned $3.31 earnings per share. The business’s revenue was up 33.0% on a year-over-year basis. As a group, sell-side analysts forecast that Kinsale Capital Group, Inc. will post 15.52 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.12%. Kinsale Capital Group’s payout ratio is 3.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on KNSL shares. BMO Capital Markets lifted their price target on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a research note on Thursday. Truist Financial lowered their target price on shares of Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Wolfe Research upgraded shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price target for the company in a research note on Monday, October 28th. Jefferies Financial Group upped their price objective on Kinsale Capital Group from $444.00 to $471.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. cut their target price on Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Kinsale Capital Group currently has an average rating of “Hold” and a consensus price target of $456.88.

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.