Cynosure Group LLC Sells 368 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Cynosure Group LLC reduced its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 18.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,642 shares of the financial services provider’s stock after selling 368 shares during the quarter. Cynosure Group LLC’s holdings in Kinsale Capital Group were worth $764,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in KNSL. Artemis Investment Management LLP acquired a new position in Kinsale Capital Group in the second quarter worth $25,476,000. Westfield Capital Management Co. LP raised its holdings in shares of Kinsale Capital Group by 65.3% in the third quarter. Westfield Capital Management Co. LP now owns 149,217 shares of the financial services provider’s stock valued at $69,471,000 after buying an additional 58,971 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Kinsale Capital Group by 75.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 133,975 shares of the financial services provider’s stock worth $62,375,000 after buying an additional 57,460 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in Kinsale Capital Group by 14.0% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 426,418 shares of the financial services provider’s stock worth $164,291,000 after acquiring an additional 52,218 shares during the last quarter. Finally, International Assets Investment Management LLC increased its position in Kinsale Capital Group by 76,986.9% in the 3rd quarter. International Assets Investment Management LLC now owns 47,023 shares of the financial services provider’s stock valued at $21,892,000 after acquiring an additional 46,962 shares in the last quarter. 85.36% of the stock is owned by institutional investors.

Insider Activity at Kinsale Capital Group

In other Kinsale Capital Group news, Director Frederick L. Jr. Russell sold 4,440 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $499.31, for a total transaction of $2,216,936.40. Following the completion of the transaction, the director now owns 447 shares in the company, valued at approximately $223,191.57. This represents a 90.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.60% of the stock is owned by insiders.

Kinsale Capital Group Trading Up 1.1 %

NYSE KNSL opened at $512.04 on Wednesday. The company has a market capitalization of $11.93 billion, a PE ratio of 29.19, a P/E/G ratio of 2.15 and a beta of 1.09. The stock has a 50-day simple moving average of $462.44 and a 200 day simple moving average of $434.56. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.13. Kinsale Capital Group, Inc. has a 12 month low of $325.01 and a 12 month high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last posted its earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share for the quarter, topping the consensus estimate of $3.60 by $0.60. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. The company had revenue of $418.06 million for the quarter, compared to analyst estimates of $359.43 million. During the same period last year, the business posted $3.31 earnings per share. The business’s revenue for the quarter was up 33.0% compared to the same quarter last year. Research analysts forecast that Kinsale Capital Group, Inc. will post 15.67 EPS for the current year.

Kinsale Capital Group Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KNSL. Wolfe Research upgraded shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 target price on the stock in a research report on Monday, October 28th. Jefferies Financial Group upped their price objective on Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Royal Bank of Canada decreased their price objective on Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a research report on Monday, October 28th. BMO Capital Markets boosted their target price on Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a research report on Thursday, November 21st. Finally, JPMorgan Chase & Co. decreased their price target on Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Kinsale Capital Group presently has an average rating of “Hold” and an average price target of $456.88.

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.