Segall Bryant & Hamill LLC Has $11.05 Million Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Segall Bryant & Hamill LLC reduced its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 3.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,735 shares of the financial services provider’s stock after selling 969 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Kinsale Capital Group were worth $11,050,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Harbor Capital Advisors Inc. lifted its position in Kinsale Capital Group by 249.2% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 5,350 shares of the financial services provider’s stock valued at $2,061,000 after acquiring an additional 3,818 shares in the last quarter. Geneva Capital Management LLC lifted its holdings in shares of Kinsale Capital Group by 1.3% in the third quarter. Geneva Capital Management LLC now owns 407,831 shares of the financial services provider’s stock valued at $189,874,000 after purchasing an additional 5,207 shares in the last quarter. Swedbank AB acquired a new position in shares of Kinsale Capital Group during the second quarter worth about $15,430,000. QRG Capital Management Inc. bought a new position in shares of Kinsale Capital Group during the second quarter worth about $503,000. Finally, Bridges Investment Management Inc. acquired a new stake in Kinsale Capital Group in the 2nd quarter valued at approximately $642,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

Kinsale Capital Group Stock Performance

Shares of KNSL opened at $491.58 on Friday. The company 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 firm has a 50-day moving average of $458.87 and a 200-day moving average of $431.02. Kinsale Capital Group, Inc. has a one year low of $325.01 and a one year high of $548.47. 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 announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share 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 firm had revenue of $418.06 million for the quarter, compared to the consensus estimate of $359.43 million. During the same quarter in the previous year, the business earned $3.31 earnings per share. The business’s revenue was up 33.0% compared to the same quarter last year. As a group, equities analysts forecast that Kinsale Capital Group, Inc. will post 15.52 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders 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 annualized dividend and a yield of 0.12%. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.42%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on KNSL shares. BMO Capital Markets upped their price target on Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a research report on Thursday. Wolfe Research raised shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 target price for the company in a research report on Monday, October 28th. JPMorgan Chase & Co. cut their price target on shares of Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Jefferies Financial Group raised their price objective on Kinsale Capital Group from $444.00 to $471.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, Royal Bank of Canada dropped their target price on Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a report on Monday, October 28th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $456.88.

About Kinsale Capital Group

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.