Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 9.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,225 shares of the financial services provider's stock after selling 1,143 shares during the period. Amalgamated Bank's holdings in Kinsale Capital Group were worth $5,226,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Headlands Technologies LLC purchased a new stake in shares of Kinsale Capital Group during the 1st quarter worth $25,000. ORG Wealth Partners LLC purchased a new stake in shares of Kinsale Capital Group during the 3rd quarter worth $26,000. UMB Bank n.a. lifted its position in shares of Kinsale Capital Group by 408.3% during the 3rd quarter. UMB Bank n.a. now owns 61 shares of the financial services provider's stock worth $28,000 after purchasing an additional 49 shares during the last quarter. Trust Co. of Vermont lifted its position in shares of Kinsale Capital Group by 113.6% during the 2nd quarter. Trust Co. of Vermont now owns 94 shares of the financial services provider's stock worth $36,000 after purchasing an additional 50 shares during the last quarter. Finally, Signaturefd LLC lifted its position in shares of Kinsale Capital Group by 68.9% during the 3rd quarter. Signaturefd LLC now owns 103 shares of the financial services provider's stock worth $48,000 after purchasing an additional 42 shares during the last quarter. Institutional investors and hedge funds own 85.36% of the company's stock.

Kinsale Capital Group Stock Performance

Shares of NYSE:KNSL traded up $8.10 on Friday, reaching $456.36. The company's stock had a trading volume of 160,603 shares, compared to its average volume of 175,366. The stock's 50-day moving average is $458.38 and its two-hundred day moving average is $426.85. Kinsale Capital Group, Inc. has a 52-week low of $325.01 and a 52-week high of $548.47. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.09 and a quick ratio of 0.09. The stock has a market capitalization of $10.63 billion, a P/E ratio of 26.02, a PEG ratio of 1.83 and a beta of 1.09.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.60 by $0.60. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. The business had revenue of $418.06 million for the quarter, compared to analyst estimates of $359.43 million. During the same period in the previous year, the business posted $3.31 earnings per share. The business's revenue was up 33.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Kinsale Capital Group, Inc. will post 15.48 EPS for the current year.

Kinsale Capital Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, August 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.13%. Kinsale Capital Group's dividend payout ratio (DPR) is 3.42%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on KNSL. Oppenheimer began coverage on shares of Kinsale Capital Group in a research report on Friday, July 12th. They issued a "market perform" rating for the company. JPMorgan Chase & Co. reduced their price target on shares of Kinsale Capital Group from $426.00 to $420.00 and set a "neutral" rating for the company in a research report on Thursday, October 10th. Royal Bank of Canada reduced their price target on shares of Kinsale Capital Group from $480.00 to $475.00 and set a "sector perform" rating for the company in a research report on Monday, October 28th. Truist Financial reduced their price target on shares of Kinsale Capital Group from $530.00 to $500.00 and set a "buy" rating for the company in a research report on Monday, October 28th. Finally, Jefferies Financial Group boosted their price target on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $455.88.

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.