Guggenheim Capital LLC Sells 1,072 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Guggenheim Capital LLC lowered its position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 44.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,351 shares of the financial services provider's stock after selling 1,072 shares during the quarter. Guggenheim Capital LLC's holdings in Kinsale Capital Group were worth $628,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. Mariner LLC grew its position in Kinsale Capital Group by 3.6% in the fourth quarter. Mariner LLC now owns 3,143 shares of the financial services provider's stock valued at $1,462,000 after acquiring an additional 110 shares during the period. Barclays PLC grew its holdings in shares of Kinsale Capital Group by 58.2% in the 4th quarter. Barclays PLC now owns 18,629 shares of the financial services provider's stock worth $8,666,000 after purchasing an additional 6,857 shares during the last quarter. Giverny Capital Inc. lifted its holdings in Kinsale Capital Group by 5.1% during the 4th quarter. Giverny Capital Inc. now owns 90,759 shares of the financial services provider's stock valued at $42,215,000 after purchasing an additional 4,444 shares during the last quarter. Townsquare Capital LLC grew its stake in Kinsale Capital Group by 23.1% during the fourth quarter. Townsquare Capital LLC now owns 7,776 shares of the financial services provider's stock worth $3,617,000 after buying an additional 1,459 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in shares of Kinsale Capital Group by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 9,680 shares of the financial services provider's stock worth $4,502,000 after buying an additional 55 shares in the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Kinsale Capital Group Trading Up 2.9 %

Kinsale Capital Group stock traded up $12.13 during mid-day trading on Tuesday, hitting $436.32. 88,917 shares of the company's stock were exchanged, compared to its average volume of 175,973. The firm has a market capitalization of $10.16 billion, a P/E ratio of 24.57, a PEG ratio of 1.66 and a beta of 1.16. Kinsale Capital Group, Inc. has a fifty-two week low of $355.12 and a fifty-two week high of $531.79. The company's 50 day simple moving average is $460.12 and its 200-day simple moving average is $462.69. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its earnings results on Thursday, April 24th. The financial services provider reported $3.71 earnings per share for the quarter, topping analysts' consensus estimates of $3.15 by $0.56. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. The business had revenue of $423.40 million for the quarter, compared to the consensus estimate of $425.73 million. During the same period in the previous year, the company earned $3.50 earnings per share. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were paid a $0.17 dividend. This is a positive change from Kinsale Capital Group's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.68 annualized dividend and a yield of 0.16%. Kinsale Capital Group's dividend payout ratio is currently 3.91%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on KNSL shares. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $500.00 price target on shares of Kinsale Capital Group in a report on Tuesday, February 18th. Truist Financial cut their price target on Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating for the company in a report on Monday. Morgan Stanley decreased their price objective on shares of Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. JMP Securities reiterated a "market perform" rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating for the company in a research report on Monday. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $464.44.

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.