SG Americas Securities LLC Sells 5,139 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

SG Americas Securities LLC cut its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 92.6% during the 3rd quarter, Holdings Channel reports. The firm owned 412 shares of the financial services provider’s stock after selling 5,139 shares during the quarter. SG Americas Securities LLC’s holdings in Kinsale Capital Group were worth $192,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KNSL. Headlands Technologies LLC bought a new stake in shares of Kinsale Capital Group during the 1st quarter worth $25,000. Trust Co. of Vermont increased its holdings 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 worth $36,000 after buying an additional 50 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its position in Kinsale Capital Group by 225.7% in the third quarter. Massmutual Trust Co. FSB ADV now owns 114 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 79 shares during the period. American National Bank & Trust purchased a new position in Kinsale Capital Group in the third quarter valued at about $55,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Kinsale Capital Group by 713.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 122 shares of the financial services provider’s stock valued at $64,000 after acquiring an additional 107 shares during the period. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Jefferies Financial Group upped their price objective on Kinsale Capital Group from $444.00 to $471.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. dropped their price target on Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Oppenheimer started coverage on Kinsale Capital Group in a research note on Friday, July 12th. They set a “market perform” rating for the company. Royal Bank of Canada boosted their price objective on Kinsale Capital Group from $425.00 to $455.00 and gave the company a “sector perform” rating in a research note on Monday, July 29th. Finally, Truist Financial increased their target price on shares of Kinsale Capital Group from $485.00 to $530.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $446.00.

Kinsale Capital Group Stock Down 0.0 %

KNSL stock opened at $458.60 on Thursday. The stock has a 50-day simple moving average of $469.39 and a two-hundred day simple moving average of $427.88. Kinsale Capital Group, Inc. has a twelve month low of $325.01 and a twelve month high of $548.47. The firm has a market capitalization of $10.67 billion, a PE ratio of 30.47, a PEG ratio of 2.05 and a beta of 1.08. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.15.

Kinsale Capital Group (NYSE:KNSL) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $3.75 EPS for the quarter, beating analysts’ consensus estimates of $3.52 by $0.23. The company had revenue of $384.55 million during the quarter, compared to analyst estimates of $410.20 million. Kinsale Capital Group had a net margin of 26.08% and a return on equity of 30.33%. Kinsale Capital Group’s revenue was up 30.0% compared to the same quarter last year. During the same period last year, the business earned $2.88 earnings per share. On average, equities analysts predict 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. Shareholders of record on Thursday, August 29th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.13%. The ex-dividend date was Thursday, August 29th. Kinsale Capital Group’s payout ratio is 3.99%.

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.