SG Americas Securities LLC Reduces Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

SG Americas Securities LLC trimmed its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 92.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 412 shares of the financial services provider's stock after selling 5,139 shares during the quarter. SG Americas Securities LLC's holdings in Kinsale Capital Group were worth $192,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Headlands Technologies LLC purchased a new position in Kinsale Capital Group during the 1st quarter worth $25,000. Trust Co. of Vermont increased its holdings in shares of Kinsale Capital Group by 113.6% during the second quarter. Trust Co. of Vermont now owns 94 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 50 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its position in shares of Kinsale Capital Group by 225.7% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 114 shares of the financial services provider's stock valued at $53,000 after purchasing an additional 79 shares during the last quarter. American National Bank & Trust acquired a new stake in Kinsale Capital Group in the 3rd quarter worth approximately $55,000. Finally, EverSource Wealth Advisors LLC grew its position in Kinsale Capital Group by 713.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 122 shares of the financial services provider's stock worth $64,000 after purchasing an additional 107 shares during the last quarter. 85.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on KNSL. Truist Financial raised their target price on Kinsale Capital Group from $485.00 to $530.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. Jefferies Financial Group upped their target price on Kinsale Capital Group from $444.00 to $471.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. Royal Bank of Canada raised their price target on shares of Kinsale Capital Group from $425.00 to $455.00 and gave the stock a "sector perform" rating in a research report on Monday, July 29th. Wolfe Research downgraded shares of Kinsale Capital Group from an "outperform" rating to a "peer perform" rating in a report on Monday, September 16th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Kinsale Capital Group from $426.00 to $420.00 and set a "neutral" rating for the company in a report on Thursday, October 10th. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $446.00.

Kinsale Capital Group Price Performance

Shares of Kinsale Capital Group stock traded down $0.18 during trading hours on Thursday, reaching $458.42. The stock had a trading volume of 212,393 shares, compared to its average volume of 174,720. Kinsale Capital Group, Inc. has a twelve month low of $325.01 and a twelve month high of $548.47. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $10.67 billion, a PE ratio of 30.47, a PEG ratio of 2.05 and a beta of 1.08. The stock's 50 day moving average is $469.39 and its 200 day moving average is $427.88.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $3.75 EPS for the quarter, beating the consensus estimate of $3.52 by $0.23. The company had revenue of $384.55 million for the quarter, compared to analyst estimates of $410.20 million. Kinsale Capital Group had a return on equity of 30.33% and a net margin of 26.08%. Kinsale Capital Group's quarterly revenue was up 30.0% compared to the same quarter last year. During the same period last year, the company earned $2.88 earnings per share. Equities analysts expect that Kinsale Capital Group, Inc. will post 15.31 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.13%. The ex-dividend date of this dividend was Thursday, August 29th. Kinsale Capital Group's payout ratio is presently 3.99%.

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.