Blair William & Co. IL Has $18.83 Million Stock Holdings in Kinsale Capital Group, Inc. $KNSL

Key Points

• Blair William & Co. IL reduced its stake in Kinsale Capital Group by 19.6%, now holding 38,914 shares valued at approximately $18.83 million.
• Kinsale Capital Group recently reported $4.78 earnings per share for the quarter, exceeding analysts' expectations, with a 22.2% increase in quarterly revenue compared to the same period last year.
• Analysts have mixed reviews on Kinsale Capital Group, with a consensus target price of $506.89 and ratings varying from "buy" to "hold" across multiple investment research reports.

Blair William & Co. IL cut its stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 19.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,914 shares of the financial services provider's stock after selling 9,475 shares during the period. Blair William & Co. IL owned approximately 0.17% of Kinsale Capital Group worth $18,831,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Key Financial Inc raised its holdings in Kinsale Capital Group by 315.4% in the 1st quarter. Key Financial Inc now owns 54 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 41 shares in the last quarter. N.E.W. Advisory Services LLC bought a new position in shares of Kinsale Capital Group in the 1st quarter valued at $31,000. V Square Quantitative Management LLC bought a new position in shares of Kinsale Capital Group in the 2nd quarter valued at $31,000. NBC Securities Inc. bought a new position in shares of Kinsale Capital Group in the 1st quarter valued at $35,000. Finally, von Borstel & Associates Inc. bought a new position in shares of Kinsale Capital Group in the 1st quarter valued at $42,000. 85.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KNSL has been the topic of several recent analyst reports. Compass Point lifted their price target on Kinsale Capital Group from $432.00 to $490.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Kinsale Capital Group in a research note on Wednesday. Morgan Stanley decreased their price target on Kinsale Capital Group from $525.00 to $500.00 and set an "overweight" rating on the stock in a research note on Tuesday. Wall Street Zen upgraded Kinsale Capital Group from a "sell" rating to a "hold" rating in a research note on Sunday, June 22nd. Finally, Cantor Fitzgerald upgraded Kinsale Capital Group to a "hold" rating in a research note on Wednesday, August 13th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $506.89.

Kinsale Capital Group Trading Down 1.4%

Shares of KNSL stock opened at $469.89 on Friday. The firm has a market capitalization of $10.95 billion, a P/E ratio of 24.51, a P/E/G ratio of 1.75 and a beta of 1.09. Kinsale Capital Group, Inc. has a twelve month low of $405.00 and a twelve month high of $531.79. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.11. The stock's fifty day simple moving average is $445.23 and its 200 day simple moving average is $460.86.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The financial services provider reported $4.78 earnings per share 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 return on equity of 25.93% and a net margin of 25.92%.Kinsale Capital Group's quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.75 EPS. As a group, sell-side analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 11th. Shareholders of record on Friday, August 29th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.68 annualized dividend and a yield of 0.1%. Kinsale Capital Group's payout ratio is presently 3.55%.

About Kinsale Capital Group

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.

Want to see what other hedge funds are holding KNSL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.