Kinsale Capital Group, Inc. (NYSE:KNSL) Holdings Trimmed by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lowered its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 34.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,245 shares of the financial services provider’s stock after selling 4,421 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Kinsale Capital Group were worth $3,177,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Headlands Technologies LLC bought a new position in Kinsale Capital Group during the first quarter valued at about $25,000. Brown Brothers Harriman & Co. bought a new position in Kinsale Capital Group during the fourth quarter valued at about $33,000. Trust Co. of Vermont boosted its stake in Kinsale Capital Group by 113.6% during the second quarter. Trust Co. of Vermont now owns 94 shares of the financial services provider’s stock valued at $36,000 after buying an additional 50 shares in the last quarter. Quarry LP bought a new position in Kinsale Capital Group during the fourth quarter valued at about $40,000. Finally, Principal Securities Inc. bought a new position in Kinsale Capital Group during the fourth quarter valued at about $44,000. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Stock Up 0.4 %

Shares of Kinsale Capital Group stock opened at $455.25 on Wednesday. The stock has a 50-day moving average price of $447.89 and a 200 day moving average price of $435.76. The company has a market cap of $10.60 billion, a P/E ratio of 30.25, a P/E/G ratio of 1.98 and a beta of 1.08. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.15. Kinsale Capital Group, Inc. has a 1 year low of $325.01 and a 1 year high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $3.75 earnings per share for the quarter, topping analysts’ consensus estimates of $3.52 by $0.23. Kinsale Capital Group had a return on equity of 30.33% and a net margin of 26.08%. The company had revenue of $384.55 million during the quarter, compared to the consensus estimate of $410.20 million. During the same period last year, the business earned $2.88 EPS. The business’s quarterly revenue was up 30.0% on a year-over-year basis. As a group, analysts expect that Kinsale Capital Group, Inc. will post 15.31 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date was Thursday, August 29th. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.99%.

Analyst Ratings Changes

KNSL has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on Kinsale Capital Group from $400.00 to $420.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. Wolfe Research lowered Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a research report on Monday. Royal Bank of Canada increased their price target on Kinsale Capital Group from $425.00 to $455.00 and gave the company a “sector perform” rating in a research report on Monday, July 29th. Oppenheimer initiated coverage on Kinsale Capital Group in a research report on Friday, July 12th. They issued a “market perform” rating for the company. Finally, Truist Financial increased their price target on Kinsale Capital Group from $440.00 to $485.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $443.38.

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.