Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Sold by SkyOak Wealth LLC

SkyOak Wealth LLC lessened its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 11.1% in the 1st quarter, Holdings Channel.com reports. The fund owned 623 shares of the financial services provider’s stock after selling 78 shares during the period. SkyOak Wealth LLC’s holdings in Kinsale Capital Group were worth $303,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. NBC Securities Inc. purchased a new stake in shares of Kinsale Capital Group during the first quarter valued at $35,000. Larson Financial Group LLC raised its stake in shares of Kinsale Capital Group by 7,400.0% in the fourth quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 74 shares during the last quarter. von Borstel & Associates Inc. purchased a new stake in Kinsale Capital Group in the first quarter valued at approximately $42,000. Physician Wealth Advisors Inc. acquired a new position in Kinsale Capital Group in the 4th quarter worth approximately $49,000. Finally, Anderson Financial Strategies LLC purchased a new position in Kinsale Capital Group during the 4th quarter worth approximately $54,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Insiders Place Their Bets

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 1,398 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $472.00, for a total value of $659,856.00. Following the completion of the sale, the executive vice president owned 6,646 shares in the company, valued at approximately $3,136,912. This represents a 17.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.50% of the company’s stock.

Kinsale Capital Group Trading Down 1.5%

KNSL stock opened at $481.67 on Friday. Kinsale Capital Group, Inc. has a 12-month low of $366.92 and a 12-month high of $531.79. The business’s 50-day moving average is $468.84 and its 200 day moving average is $459.47. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.12. The stock has a market cap of $11.23 billion, a price-to-earnings ratio of 27.71, a PEG ratio of 1.81 and a beta of 1.19.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings data on Thursday, April 24th. The financial services provider reported $3.71 EPS for the quarter, beating the consensus estimate of $3.15 by $0.56. Kinsale Capital Group had a return on equity of 26.36% and a net margin of 24.73%. The firm had revenue of $423.40 million during the quarter, compared to the consensus estimate of $425.73 million. During the same period in the prior year, the company earned $3.50 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The firm also recently declared a dividend, which was paid on Thursday, June 12th. Stockholders of record on Friday, May 30th were paid a $0.17 dividend. This represents a dividend yield of 0.15%. The ex-dividend date of this dividend was Thursday, May 29th. Kinsale Capital Group’s dividend payout ratio is currently 3.91%.

Wall Street Analysts Forecast Growth

KNSL has been the topic of several recent research reports. Wall Street Zen raised shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a report on Sunday, June 22nd. Truist Financial cut their target price on shares of Kinsale Capital Group from $525.00 to $500.00 and set a “buy” rating for the company in a report on Monday, April 28th. Morgan Stanley boosted their target price on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the company an “overweight” rating in a research note on Monday, May 19th. JPMorgan Chase & Co. dropped their price target on shares of Kinsale Capital Group from $402.00 to $400.00 and set a “neutral” rating on the stock in a research report on Monday, April 28th. Finally, Bank of America assumed coverage on shares of Kinsale Capital Group in a research report on Friday, June 20th. They issued a “buy” rating and a $543.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $491.88.

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.