7,507 Kinsale Capital Group, Inc. $KNSL Shares Sold by Riverbridge Partners LLC

Riverbridge Partners LLC lowered its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 4.0% in the 3rd quarter, Holdings Channel reports. The fund owned 178,023 shares of the financial services provider’s stock after selling 7,507 shares during the period. Kinsale Capital Group comprises 1.7% of Riverbridge Partners LLC’s investment portfolio, making the stock its 17th biggest holding. Riverbridge Partners LLC’s holdings in Kinsale Capital Group were worth $57,457,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Lido Advisors LLC boosted its stake in Kinsale Capital Group by 119.0% during the 3rd quarter. Lido Advisors LLC now owns 1,382 shares of the financial services provider’s stock valued at $446,000 after purchasing an additional 751 shares during the period. New York Life Investment Management LLC grew its position in Kinsale Capital Group by 10.9% in the 3rd quarter. New York Life Investment Management LLC now owns 3,196 shares of the financial services provider’s stock worth $1,032,000 after purchasing an additional 314 shares during the last quarter. Gen Wealth Partners Inc acquired a new stake in shares of Kinsale Capital Group in the third quarter valued at approximately $31,000. AlphaCore Capital LLC acquired a new stake in shares of Kinsale Capital Group in the third quarter valued at approximately $230,000. Finally, Fulcrum Asset Management LLP acquired a new stake in shares of Kinsale Capital Group in the third quarter valued at approximately $113,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on KNSL shares. BMO Capital Markets reaffirmed an “underperform” rating on shares of Kinsale Capital Group in a report on Thursday, October 29th. Weiss Ratings raised Kinsale Capital Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, October 6th. Wells Fargo & Company decreased their price objective on Kinsale Capital Group from $377.00 to $348.00 and set an “equal weight” rating for the company in a report on Monday, October 12th. Citigroup restated a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, October 23rd. Finally, Royal Bank Of Canada lifted their target price on Kinsale Capital Group from $375.00 to $400.00 and gave the company a “sector perform” rating in a research note on Monday, October 26th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $352.88.

Kinsale Capital Group Price Performance

Shares of NYSE KNSL opened at $397.83 on Wednesday. The stock has a market cap of $8.96 billion, a P/E ratio of 17.42, a P/E/G ratio of 1.17 and a beta of 0.81. The firm’s 50-day simple moving average is $359.17 and its 200 day simple moving average is $351.85. Kinsale Capital Group, Inc. has a fifty-two week low of $287.20 and a fifty-two week high of $421.90. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.12.

Kinsale Capital Group (NYSE:KNSL) last announced its earnings results on Thursday, October 22nd. The financial services provider reported $5.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.11 by $0.59. The firm had revenue of $454.80 million during the quarter, compared to analyst estimates of $401.43 million. Kinsale Capital Group had a net margin of 26.89% and a return on equity of 25.73%. During the same quarter in the prior year, the firm posted $5.21 EPS. Equities analysts expect that Kinsale Capital Group, Inc. will post 21.98 EPS for the current year.

Kinsale Capital Group Profile

Kinsale Capital Group, Inc. is a specialty insurance company focused on the excess and surplus lines market. Through its insurance subsidiaries, the company provides coverage for commercial risks that may be difficult to place in the standard insurance market. Its products include commercial property and casualty insurance, along with specialty coverages such as professional liability, excess liability, inland marine, and environmental insurance. Kinsale serves businesses and insurance brokers across the United States.