Tidal Investments LLC Sells 2,158 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Tidal Investments LLC lessened its stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 42.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,940 shares of the financial services provider's stock after selling 2,158 shares during the period. Tidal Investments LLC's holdings in Kinsale Capital Group were worth $1,369,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB purchased a new stake in Kinsale Capital Group during the 3rd quarter valued at $398,000. Sanctuary Advisors LLC raised its stake in shares of Kinsale Capital Group by 34.8% during the third quarter. Sanctuary Advisors LLC now owns 1,731 shares of the financial services provider's stock valued at $863,000 after acquiring an additional 447 shares during the last quarter. Arete Wealth Advisors LLC boosted its holdings in shares of Kinsale Capital Group by 13.5% during the third quarter. Arete Wealth Advisors LLC now owns 1,093 shares of the financial services provider's stock worth $507,000 after purchasing an additional 130 shares during the period. Coldstream Capital Management Inc. boosted its holdings in shares of Kinsale Capital Group by 5.4% during the third quarter. Coldstream Capital Management Inc. now owns 1,444 shares of the financial services provider's stock worth $672,000 after purchasing an additional 74 shares during the period. Finally, Synergy Financial Group LTD grew its stake in shares of Kinsale Capital Group by 4.0% in the third quarter. Synergy Financial Group LTD now owns 2,448 shares of the financial services provider's stock worth $1,140,000 after purchasing an additional 95 shares during the last quarter. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Royal Bank of Canada lowered their price target on 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 decreased their target price on Kinsale Capital Group from $530.00 to $500.00 and set a "buy" rating for the company in a report on Monday, October 28th. Morgan Stanley started coverage on shares of Kinsale Capital Group in a report on Thursday, December 5th. They issued an "overweight" rating and a $593.00 price target on the stock. Jefferies Financial Group boosted their price objective 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. Finally, JPMorgan Chase & Co. dropped 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 research report on Thursday, October 10th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $472.00.

Insider Transactions at Kinsale Capital Group

In other Kinsale Capital Group news, Director James Joseph Ritchie sold 2,295 shares of the business's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $499.79, for a total value of $1,147,018.05. Following the completion of the transaction, the director now owns 7,348 shares of the company's stock, valued at approximately $3,672,456.92. The trade was a 23.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Diane D. Schnupp sold 500 shares of the firm's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $510.00, for a total transaction of $255,000.00. Following the sale, the executive vice president now directly owns 6,994 shares in the company, valued at approximately $3,566,940. The trade was a 6.67 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,235 shares of company stock valued at $3,618,954. Insiders own 5.60% of the company's stock.

Kinsale Capital Group Stock Up 0.2 %

NYSE KNSL traded up $0.86 during trading hours on Thursday, reaching $467.48. 137,019 shares of the company's stock traded hands, compared to its average volume of 172,403. 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 firm has a 50-day simple moving average of $475.85 and a 200 day simple moving average of $447.58. The firm has a market cap of $10.89 billion, a PE ratio of 26.65, a PEG ratio of 2.19 and a beta of 1.13.

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, beating 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 period last year, the business earned $3.31 earnings per share. Sell-side analysts anticipate that Kinsale Capital Group, Inc. will post 15.61 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

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

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.