Riverbridge Partners LLC Has $141.54 Million Stock Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Riverbridge Partners LLC decreased its position in Kinsale Capital Group, Inc. (NYSE:KNSL) by 5.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 290,816 shares of the financial services provider’s stock after selling 15,569 shares during the period. Kinsale Capital Group makes up approximately 2.3% of Riverbridge Partners LLC’s holdings, making the stock its 9th biggest position. Riverbridge Partners LLC owned 1.25% of Kinsale Capital Group worth $141,543,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. boosted its stake in Kinsale Capital Group by 11.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 200 shares of the financial services provider’s stock valued at $93,000 after purchasing an additional 21 shares in the last quarter. Coldstream Capital Management Inc. boosted its position in shares of Kinsale Capital Group by 1.7% during the 4th quarter. Coldstream Capital Management Inc. now owns 1,469 shares of the financial services provider’s stock valued at $683,000 after purchasing an additional 25 shares in the last quarter. Strategic Advisors LLC boosted its position in shares of Kinsale Capital Group by 0.6% during the 1st quarter. Strategic Advisors LLC now owns 5,277 shares of the financial services provider’s stock valued at $2,568,000 after purchasing an additional 30 shares in the last quarter. Fielder Capital Group LLC boosted its stake in shares of Kinsale Capital Group by 5.5% during the 4th quarter. Fielder Capital Group LLC now owns 595 shares of the financial services provider’s stock worth $277,000 after acquiring an additional 31 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its position in shares of Kinsale Capital Group by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 716 shares of the financial services provider’s stock valued at $333,000 after purchasing an additional 36 shares during the period. Institutional investors own 85.36% of the company’s stock.

Wall Street Analyst Weigh In

KNSL has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their price objective on Kinsale Capital Group from $402.00 to $400.00 and set a “neutral” rating for the company in a research report on Monday, April 28th. Morgan Stanley lifted their target price on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the company an “overweight” rating in a research note on Monday, May 19th. Wall Street Zen cut Kinsale Capital Group from a “hold” rating to a “sell” rating in a research report on Saturday, June 14th. Finally, Truist Financial reduced their price objective on shares of Kinsale Capital Group from $525.00 to $500.00 and set a “buy” rating for the company in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Kinsale Capital Group presently has an average rating of “Hold” and a consensus target price of $484.57.

Kinsale Capital Group Stock Down 0.6%

Kinsale Capital Group stock opened at $461.57 on Friday. The company’s 50-day moving average is $464.62 and its 200-day moving average is $461.11. The firm has a market capitalization of $10.76 billion, a PE ratio of 26.56, a P/E/G ratio of 1.74 and a beta of 1.20. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.11 and a quick ratio of 0.11. Kinsale Capital Group, Inc. has a fifty-two week low of $366.92 and a fifty-two week high of $531.79.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $3.71 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.56. The company had revenue of $423.40 million for the quarter, compared to the consensus estimate of $425.73 million. Kinsale Capital Group had a net margin of 24.73% and a return on equity of 26.36%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the company posted $3.50 EPS. Sell-side analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 30th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a yield of 0.15%. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 3.91%.

Insider Activity at Kinsale Capital Group

In other news, EVP Diane D. Schnupp sold 1,398 shares of the business’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $472.00, for a total transaction of $659,856.00. Following the completion of the transaction, the executive vice president now owns 6,646 shares of the company’s stock, valued at approximately $3,136,912. The trade was a 17.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.50% of the stock is currently owned by company insiders.

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.