Pacer Advisors Inc. Sells 857 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Pacer Advisors Inc. lowered its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 16.9% during the second quarter, HoldingsChannel.com reports. The fund owned 4,205 shares of the financial services provider’s stock after selling 857 shares during the quarter. Pacer Advisors Inc.’s holdings in Kinsale Capital Group were worth $1,620,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Cim LLC bought a new stake in Kinsale Capital Group during the fourth quarter valued at $1,934,000. Janney Montgomery Scott LLC boosted its position in shares of Kinsale Capital Group by 113.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 4,094 shares of the financial services provider’s stock worth $2,148,000 after purchasing an additional 2,172 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Kinsale Capital Group by 129.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 44,232 shares of the financial services provider’s stock worth $14,814,000 after purchasing an additional 24,992 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Kinsale Capital Group by 249.2% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 5,350 shares of the financial services provider’s stock worth $2,061,000 after purchasing an additional 3,818 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new position in shares of Kinsale Capital Group during the 1st quarter worth about $196,358,000. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Trading Up 0.2 %

KNSL opened at $449.77 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. Kinsale Capital Group, Inc. has a fifty-two week low of $325.01 and a fifty-two week high of $548.47. The firm has a market capitalization of $10.48 billion, a PE ratio of 29.89, a P/E/G ratio of 2.02 and a beta of 1.08. The company’s 50-day moving average is $455.48 and its 200 day moving average is $433.13.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $3.75 EPS for the quarter, beating the consensus estimate of $3.52 by $0.23. The firm 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. As a group, research analysts predict that Kinsale Capital Group, Inc. will post 15.31 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Truist Financial increased their price objective 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. Wolfe Research cut shares of Kinsale Capital Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, September 16th. JPMorgan Chase & Co. increased their price objective on shares of Kinsale Capital Group from $400.00 to $420.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Oppenheimer assumed coverage on shares of Kinsale Capital Group in a research report on Friday, July 12th. They set a “market perform” rating on the stock. Finally, Royal Bank of Canada increased their price objective on shares of Kinsale Capital Group from $425.00 to $455.00 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, Kinsale Capital Group presently has a consensus rating of “Hold” and an average price target of $432.29.

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.