Intech Investment Management LLC Sells 7,571 Shares of Kinsale Capital Group, Inc. $KNSL

Intech Investment Management LLC reduced its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 41.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 10,603 shares of the financial services provider’s stock after selling 7,571 shares during the period. Intech Investment Management LLC’s holdings in Kinsale Capital Group were worth $4,147,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in shares of Kinsale Capital Group during the 4th quarter worth approximately $25,000. eCIO Inc. bought a new stake in shares of Kinsale Capital Group during the 4th quarter worth approximately $29,000. International Assets Investment Management LLC bought a new stake in shares of Kinsale Capital Group during the 4th quarter worth approximately $29,000. Johnson Financial Group Inc. lifted its stake in shares of Kinsale Capital Group by 257.1% during the 3rd quarter. Johnson Financial Group Inc. now owns 75 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 54 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake in shares of Kinsale Capital Group by 225.0% during the 3rd quarter. Larson Financial Group LLC now owns 78 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 54 shares during the last quarter. 85.36% of the stock is owned by institutional investors.

Kinsale Capital Group Trading Down 0.5%

Shares of NYSE:KNSL opened at $303.31 on Tuesday. Kinsale Capital Group, Inc. has a 12-month low of $293.78 and a 12-month high of $512.76. The business’s fifty day simple moving average is $329.41 and its 200-day simple moving average is $365.89. The company has a market capitalization of $7.00 billion, a PE ratio of 13.35, a P/E/G ratio of 0.99 and a beta of 0.95. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.11.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $5.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.70 by $0.41. Kinsale Capital Group had a return on equity of 25.82% and a net margin of 27.48%.The business had revenue of $466.71 million for the quarter, compared to the consensus estimate of $410.25 million. During the same period last year, the business posted $3.71 EPS. The business’s revenue was down .5% compared to the same quarter last year. As a group, equities research analysts predict that Kinsale Capital Group, Inc. will post 20.54 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Thursday, May 28th will be issued a $0.25 dividend. The ex-dividend date is Thursday, May 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.3%. Kinsale Capital Group’s dividend payout ratio (DPR) is currently 4.40%.

Analyst Ratings Changes

Several research analysts have commented on KNSL shares. Cantor Fitzgerald reduced their price objective on Kinsale Capital Group from $360.00 to $280.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. BMO Capital Markets downgraded Kinsale Capital Group from a “market perform” rating to an “underperform” rating and set a $348.00 price objective on the stock. in a report on Wednesday, February 25th. Morgan Stanley reduced their price objective on Kinsale Capital Group from $350.00 to $330.00 and set an “equal weight” rating on the stock in a report on Thursday, May 21st. JPMorgan Chase & Co. reduced their price objective on Kinsale Capital Group from $450.00 to $410.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd. Finally, Weiss Ratings downgraded Kinsale Capital Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, April 27th. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Kinsale Capital Group has a consensus rating of “Hold” and a consensus price target of $390.18.

Insiders Place Their Bets

In other news, CEO Michael P. Kehoe sold 22,576 shares of Kinsale Capital Group stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $302.66, for a total value of $6,832,852.16. Following the transaction, the chief executive officer directly owned 308,048 shares in the company, valued at approximately $93,233,807.68. This trade represents a 6.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Salmaan K. Allibhai sold 250 shares of Kinsale Capital Group stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $311.17, for a total value of $77,792.50. Following the completion of the transaction, the insider owned 3,645 shares in the company, valued at $1,134,214.65. This represents a 6.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 5.60% of the company’s stock.

Kinsale Capital Group Profile

Kinsale Capital Group, Inc (NYSE:KNSL) is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company’s product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.