Bank Julius Baer & Co. Ltd Zurich Sells 27,477 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Bank Julius Baer & Co. Ltd Zurich decreased its stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 69.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,972 shares of the financial services provider's stock after selling 27,477 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned 0.05% of Kinsale Capital Group worth $5,842,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of KNSL. Vanguard Group Inc. raised its position in Kinsale Capital Group by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 2,113,683 shares of the financial services provider's stock worth $983,137,000 after acquiring an additional 29,553 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Kinsale Capital Group by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 544,954 shares of the financial services provider's stock worth $254,441,000 after purchasing an additional 16,246 shares during the last quarter. DAVENPORT & Co LLC raised its holdings in shares of Kinsale Capital Group by 6.2% in the 1st quarter. DAVENPORT & Co LLC now owns 543,349 shares of the financial services provider's stock valued at $263,233,000 after purchasing an additional 31,480 shares during the period. JPMorgan Chase & Co. lifted its stake in Kinsale Capital Group by 6.0% in the 4th quarter. JPMorgan Chase & Co. now owns 329,595 shares of the financial services provider's stock valued at $153,305,000 after purchasing an additional 18,661 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Kinsale Capital Group by 59,220.7% in the 1st quarter. GAMMA Investing LLC now owns 309,061 shares of the financial services provider's stock valued at $150,423,000 after purchasing an additional 308,540 shares during the last quarter. Institutional investors own 85.36% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on KNSL shares. Truist Financial dropped their price objective on Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Wall Street Zen raised Kinsale Capital Group from a "sell" rating to a "hold" rating in a report on Sunday, June 22nd. Bank of America started coverage on Kinsale Capital Group in a report on Friday, June 20th. They set a "buy" rating and a $543.00 price target for the company. Morgan Stanley upped their price objective on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the company an "overweight" rating in a report on Monday, May 19th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $491.88.

Insider Activity

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 1,398 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $472.00, for a total transaction of $659,856.00. Following the transaction, the executive vice president owned 6,646 shares in the company, valued at $3,136,912. This trade represents a 17.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.50% of the company's stock.

Kinsale Capital Group Stock Performance

KNSL stock traded up $0.76 during trading hours on Friday, hitting $477.28. 411,327 shares of the stock were exchanged, compared to its average volume of 226,473. Kinsale Capital Group, Inc. has a 12 month low of $402.22 and a 12 month high of $531.79. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $11.13 billion, a P/E ratio of 24.90, a P/E/G ratio of 1.77 and a beta of 1.19. The company has a 50-day simple moving average of $474.09 and a two-hundred day simple moving average of $461.66.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The financial services provider reported $4.78 EPS for the quarter, topping analysts' consensus estimates of $4.41 by $0.37. The business had revenue of $458.70 million for the quarter, compared to analyst estimates of $436.25 million. Kinsale Capital Group had a net margin of 25.92% and a return on equity of 26.89%. Kinsale Capital Group's revenue for the quarter was up 22.2% compared to the same quarter last year. During the same period last year, the firm earned $3.75 earnings per share. On average, analysts forecast that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 30th were paid a $0.17 dividend. This represents a dividend yield of 0.15%. The ex-dividend date was Thursday, May 29th. Kinsale Capital Group's dividend payout ratio (DPR) is currently 3.55%.

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.