Inspire Investing LLC Sells 1,413 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Inspire Investing LLC reduced its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 24.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,368 shares of the financial services provider’s stock after selling 1,413 shares during the quarter. Inspire Investing LLC’s holdings in Kinsale Capital Group were worth $2,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its position in Kinsale Capital Group by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 2,090,492 shares of the financial services provider’s stock worth $700,127,000 after purchasing an additional 30,729 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of Kinsale Capital Group by 0.9% in the second quarter. Thrivent Financial for Lutherans now owns 729,508 shares of the financial services provider’s stock worth $281,065,000 after acquiring an additional 6,331 shares during the period. Vaughan Nelson Investment Management L.P. increased its position in Kinsale Capital Group by 14.0% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 426,418 shares of the financial services provider’s stock valued at $164,291,000 after acquiring an additional 52,218 shares during the last quarter. DAVENPORT & Co LLC lifted its holdings in Kinsale Capital Group by 0.4% in the first quarter. DAVENPORT & Co LLC now owns 327,664 shares of the financial services provider’s stock valued at $173,095,000 after acquiring an additional 1,286 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in Kinsale Capital Group by 5.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 291,339 shares of the financial services provider’s stock valued at $97,572,000 after acquiring an additional 15,718 shares during the period. 85.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Kinsale Capital Group Trading Up 0.8 %

Shares of KNSL stock opened at $469.56 on Monday. The stock has a fifty day simple moving average of $468.67 and a two-hundred day simple moving average of $428.30. Kinsale Capital Group, Inc. has a 52-week low of $325.01 and a 52-week high of $548.47. The firm has a market capitalization of $10.93 billion, a PE ratio of 31.20, a PEG ratio of 2.05 and a beta of 1.08. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.13 and a current ratio of 0.13.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, July 25th. The financial services provider reported $3.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.52 by $0.23. Kinsale Capital Group had a return on equity of 30.33% and a net margin of 26.08%. 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 company earned $2.88 EPS. The firm’s quarterly revenue was up 30.0% on a year-over-year basis. On average, analysts predict that Kinsale Capital Group, Inc. will post 15.31 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

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

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.