Vaughan Nelson Investment Management L.P. Trims Stock Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Vaughan Nelson Investment Management L.P. lessened its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 45.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 230,815 shares of the financial services provider's stock after selling 195,603 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 0.99% of Kinsale Capital Group worth $107,461,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Headlands Technologies LLC bought a new stake in Kinsale Capital Group in the 1st quarter worth approximately $25,000. ORG Wealth Partners LLC bought a new stake in Kinsale Capital Group in the 3rd quarter worth approximately $26,000. UMB Bank n.a. lifted its position in Kinsale Capital Group by 408.3% in the 3rd quarter. UMB Bank n.a. now owns 61 shares of the financial services provider's stock worth $28,000 after buying an additional 49 shares during the last quarter. Trust Co. of Vermont lifted its position in Kinsale Capital Group by 113.6% in the 2nd quarter. Trust Co. of Vermont now owns 94 shares of the financial services provider's stock worth $36,000 after buying an additional 50 shares during the last quarter. Finally, Signaturefd LLC lifted its position in Kinsale Capital Group by 68.9% in the 3rd quarter. Signaturefd LLC now owns 103 shares of the financial services provider's stock worth $48,000 after buying an additional 42 shares during the last quarter. Institutional investors own 85.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their target price on 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. Wolfe Research upgraded Kinsale Capital Group from a "peer perform" rating to an "outperform" rating and set a $535.00 price objective for the company in a research report on Monday, October 28th. Royal Bank of Canada lowered their price objective 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. Jefferies Financial Group boosted their price objective 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. Finally, Truist Financial lowered their price objective on Kinsale Capital Group from $530.00 to $500.00 and set a "buy" rating for the company in a research report on Monday, October 28th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $455.88.

Kinsale Capital Group Trading Down 1.8 %

Shares of KNSL traded down $8.54 during mid-day trading on Friday, hitting $465.24. 88,746 shares of the company's stock traded hands, compared to its average volume of 163,894. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13. Kinsale Capital Group, Inc. has a 1 year low of $325.01 and a 1 year high of $548.47. The firm has a market capitalization of $10.84 billion, a P/E ratio of 26.52, a PEG ratio of 2.00 and a beta of 1.09. The business's 50-day moving average price is $458.34 and its 200-day moving average price is $429.09.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted 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. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. The firm had revenue of $418.06 million for the quarter, compared to analysts' expectations of $359.43 million. During the same period in the previous year, the firm earned $3.31 earnings per share. The business's revenue was up 33.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Kinsale Capital Group, Inc. will post 15.52 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

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