Whittier Trust Co. Lowers Stock Holdings in Kinsale Capital Group, Inc. $KNSL

Whittier Trust Co. trimmed its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 10.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 606 shares of the financial services provider’s stock after selling 67 shares during the period. Whittier Trust Co.’s holdings in Kinsale Capital Group were worth $293,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC purchased a new position in Kinsale Capital Group in the 1st quarter worth approximately $125,003,000. First Manhattan CO. LLC. raised its holdings in Kinsale Capital Group by 401.4% in the 1st quarter. First Manhattan CO. LLC. now owns 201,272 shares of the financial services provider’s stock worth $97,961,000 after acquiring an additional 161,132 shares during the last quarter. Madison Asset Management LLC purchased a new position in Kinsale Capital Group in the 1st quarter worth approximately $76,235,000. JPMorgan Chase & Co. raised its holdings in Kinsale Capital Group by 39.8% in the 1st quarter. JPMorgan Chase & Co. now owns 460,651 shares of the financial services provider’s stock worth $224,204,000 after acquiring an additional 131,056 shares during the last quarter. Finally, Giverny Capital Inc. raised its holdings in Kinsale Capital Group by 87.3% in the 1st quarter. Giverny Capital Inc. now owns 169,967 shares of the financial services provider’s stock worth $82,725,000 after acquiring an additional 79,208 shares during the last quarter. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Kinsale Capital Group Trading Up 0.4%

NYSE:KNSL opened at $454.19 on Friday. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.11. Kinsale Capital Group, Inc. has a 12 month low of $405.00 and a 12 month high of $531.79. The company has a market cap of $10.58 billion, a PE ratio of 23.69, a price-to-earnings-growth ratio of 1.67 and a beta of 1.09. The company has a 50 day simple moving average of $447.35 and a two-hundred day simple moving average of $459.37.

Kinsale Capital Group (NYSE:KNSL) last posted its earnings results on Thursday, October 23rd. The financial services provider reported $5.21 EPS for the quarter, topping analysts’ consensus estimates of $4.79 by $0.42. Kinsale Capital Group had a net margin of 25.92% and a return on equity of 25.93%. The business had revenue of $405.06 million during the quarter, compared to the consensus estimate of $446.00 million. During the same quarter in the previous year, the firm posted $4.20 EPS. The firm’s revenue was up 19.0% on a year-over-year basis. Research analysts forecast that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 11th. Stockholders of record on Friday, August 29th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.1%. Kinsale Capital Group’s payout ratio is presently 3.55%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on KNSL shares. Cantor Fitzgerald upgraded shares of Kinsale Capital Group to a “hold” rating in a report on Wednesday, August 13th. Morgan Stanley decreased their price objective on shares of Kinsale Capital Group from $525.00 to $500.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Weiss Ratings restated a “buy (b-)” rating on shares of Kinsale Capital Group in a report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price objective on shares of Kinsale Capital Group from $440.00 to $460.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Finally, BMO Capital Markets lifted their target price on shares of Kinsale Capital Group from $429.00 to $474.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 29th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Kinsale Capital Group has a consensus rating of “Hold” and a consensus target price of $506.89.

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.