Kinsale Capital Group, Inc. (NYSE:KNSL) Stock Position Cut by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 3.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,662 shares of the financial services provider’s stock after selling 454 shares during the period. Mutual of America Capital Management LLC owned 0.05% of Kinsale Capital Group worth $4,878,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Rise Advisors LLC grew its holdings in Kinsale Capital Group by 17.5% during the first quarter. Rise Advisors LLC now owns 181 shares of the financial services provider’s stock worth $95,000 after acquiring an additional 27 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of Kinsale Capital Group by 9.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 331 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 28 shares in the last quarter. Personal CFO Solutions LLC lifted its stake in Kinsale Capital Group by 3.7% during the fourth quarter. Personal CFO Solutions LLC now owns 984 shares of the financial services provider’s stock valued at $330,000 after purchasing an additional 35 shares during the last quarter. Hancock Whitney Corp boosted its holdings in Kinsale Capital Group by 3.1% during the first quarter. Hancock Whitney Corp now owns 1,245 shares of the financial services provider’s stock worth $653,000 after buying an additional 38 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. grew its position in Kinsale Capital Group by 6.1% in the second quarter. Total Clarity Wealth Management Inc. now owns 691 shares of the financial services provider’s stock worth $266,000 after buying an additional 40 shares during the last quarter. 85.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on KNSL. Oppenheimer started coverage on Kinsale Capital Group in a research note on Friday, July 12th. They set a “market perform” rating for the company. Wolfe Research lowered Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, September 16th. Royal Bank of Canada boosted their price objective on Kinsale Capital Group from $425.00 to $455.00 and gave the stock a “sector perform” rating in a report on Monday, July 29th. JPMorgan Chase & Co. raised their target price on shares of Kinsale Capital Group from $400.00 to $420.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Finally, Truist Financial lifted their target price on shares of Kinsale Capital Group from $440.00 to $485.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $432.29.

Kinsale Capital Group Price Performance

NYSE KNSL opened at $450.64 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.13 and a quick ratio of 0.13. The firm has a market capitalization of $10.49 billion, a price-to-earnings ratio of 29.94, a price-to-earnings-growth ratio of 1.98 and a beta of 1.08. The company has a 50 day simple moving average of $452.13 and a 200-day simple moving average of $434.84. Kinsale Capital Group, Inc. has a 52-week low of $325.01 and a 52-week high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, July 25th. The financial services provider reported $3.75 earnings per share (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%. The company’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same quarter last year, the business posted $2.88 EPS. Equities research analysts predict that Kinsale Capital Group, Inc. will post 15.31 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders 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 currently 3.99%.

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.