Stephens Investment Management Group LLC Cuts Stock Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Stephens Investment Management Group LLC decreased its position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 1.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 152,981 shares of the financial services provider's stock after selling 2,824 shares during the quarter. Stephens Investment Management Group LLC owned approximately 0.66% of Kinsale Capital Group worth $71,223,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Benjamin Edwards Inc. increased its holdings in Kinsale Capital Group by 9.9% during the second quarter. Benjamin Edwards Inc. now owns 267 shares of the financial services provider's stock valued at $103,000 after buying an additional 24 shares during the last quarter. Leibman Financial Services Inc. increased its holdings in Kinsale Capital Group by 0.5% during the third quarter. Leibman Financial Services Inc. now owns 4,562 shares of the financial services provider's stock valued at $2,124,000 after buying an additional 24 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Kinsale Capital Group by 9.2% in the second quarter. Parkside Financial Bank & Trust now owns 331 shares of the financial services provider's stock worth $128,000 after purchasing an additional 28 shares in the last quarter. CWM LLC increased its stake in shares of Kinsale Capital Group by 8.8% in the third quarter. CWM LLC now owns 406 shares of the financial services provider's stock worth $189,000 after purchasing an additional 33 shares in the last quarter. Finally, Hancock Whitney Corp increased its stake in shares of Kinsale Capital Group by 3.1% in the first quarter. Hancock Whitney Corp now owns 1,245 shares of the financial services provider's stock worth $653,000 after purchasing an additional 38 shares in the last quarter. Institutional investors own 85.36% of the company's stock.

Kinsale Capital Group Trading Down 0.4 %

Shares of Kinsale Capital Group stock traded down $1.84 during trading on Friday, hitting $426.27. The stock had a trading volume of 121,427 shares, compared to its average volume of 176,785. The firm's fifty day simple moving average is $464.02 and its 200-day simple moving average is $427.43. The stock has a market cap of $9.93 billion, a PE ratio of 24.60, a PEG ratio of 1.89 and a beta of 1.08. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.09 and a quick ratio of 0.09. Kinsale Capital Group, Inc. has a 12 month low of $325.01 and a 12 month high of $548.47.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.60 by $0.60. The firm had revenue of $418.06 million during the quarter, compared to analyst estimates of $359.43 million. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. The business's revenue was up 33.0% on a year-over-year basis. During the same quarter last year, the business earned $3.31 EPS. As a group, sell-side analysts expect that Kinsale Capital Group, Inc. will post 15.13 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.14%. The ex-dividend date of this dividend was Thursday, August 29th. Kinsale Capital Group's dividend payout ratio is presently 3.42%.

Wall Street Analyst Weigh In

KNSL has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Kinsale Capital Group from $426.00 to $420.00 and set a "neutral" rating for the company in a research note on Thursday, October 10th. Oppenheimer began coverage on shares of Kinsale Capital Group in a research report on Friday, July 12th. They set a "market perform" rating for the company. Wolfe Research upgraded shares of Kinsale Capital Group from a "peer perform" rating to an "outperform" rating and set a $535.00 target price for the company in a research report on Monday. 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. Finally, Jefferies Financial Group upped their target price on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $455.88.

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.