Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 2.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 310,934 shares of the financial services provider's stock after selling 8,823 shares during the quarter. JPMorgan Chase & Co. owned about 1.34% of Kinsale Capital Group worth $144,762,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its stake in Kinsale Capital Group by 14.3% during the third quarter. Franklin Resources Inc. now owns 97,120 shares of the financial services provider's stock worth $45,869,000 after purchasing an additional 12,125 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Kinsale Capital Group during the 3rd quarter worth $398,000. Sanctuary Advisors LLC increased its holdings in shares of Kinsale Capital Group by 34.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 1,731 shares of the financial services provider's stock worth $863,000 after buying an additional 447 shares during the last quarter. Arete Wealth Advisors LLC raised its position in shares of Kinsale Capital Group by 13.5% in the 3rd quarter. Arete Wealth Advisors LLC now owns 1,093 shares of the financial services provider's stock worth $507,000 after buying an additional 130 shares during the period. Finally, Coldstream Capital Management Inc. boosted its holdings in Kinsale Capital Group by 5.4% in the third quarter. Coldstream Capital Management Inc. now owns 1,444 shares of the financial services provider's stock valued at $672,000 after acquiring an additional 74 shares during the last quarter. 85.36% of the stock is owned by institutional investors and hedge funds.

Kinsale Capital Group Stock Down 0.1 %

Shares of KNSL stock traded down $0.43 on Wednesday, hitting $465.13. The stock had a trading volume of 89,787 shares, compared to its average volume of 170,642. The stock's 50 day moving average is $475.83 and its 200-day moving average is $453.39. The firm has a market capitalization of $10.83 billion, a price-to-earnings ratio of 26.52, a P/E/G ratio of 2.16 and a beta of 1.13. Kinsale Capital Group, Inc. has a 52-week low of $334.10 and a 52-week high of $548.47. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.09 and a current ratio of 0.09.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.20 earnings per share for the quarter, beating 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 company had revenue of $418.06 million during the quarter, compared to analysts' expectations of $359.43 million. During the same period in the prior year, the company posted $3.31 EPS. The firm's revenue for the quarter was up 33.0% on a year-over-year basis. As a group, research analysts expect that Kinsale Capital Group, Inc. will post 15.61 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.13%. Kinsale Capital Group's dividend payout ratio (DPR) is presently 3.42%.

Insiders Place Their Bets

In other news, Director James Joseph Ritchie sold 2,295 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $499.79, for a total transaction of $1,147,018.05. Following the transaction, the director now owns 7,348 shares of the company's stock, valued at approximately $3,672,456.92. This trade represents a 23.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Frederick L. Jr. Russell sold 4,440 shares of Kinsale Capital Group stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $499.31, for a total value of $2,216,936.40. Following the completion of the transaction, the director now owns 447 shares of the company's stock, valued at $223,191.57. This trade represents a 90.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,235 shares of company stock worth $3,618,954 in the last three months. 5.60% of the stock is owned by insiders.

Analyst Ratings Changes

KNSL has been the subject of several research analyst reports. Wolfe Research upgraded Kinsale Capital Group from a "peer perform" rating to an "outperform" rating and set a $535.00 price target for the company in a research note on Monday, October 28th. Royal Bank of Canada dropped their target price 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. Jefferies Financial Group lifted 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. Truist Financial decreased their price objective on shares of Kinsale Capital Group from $530.00 to $500.00 and set a "buy" rating for the company in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co. cut their target price on shares of Kinsale Capital Group from $426.00 to $420.00 and set a "neutral" rating on the stock in a research note on Thursday, October 10th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Kinsale Capital Group currently has a consensus rating of "Hold" and an average price target of $472.00.

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.