Cerity Partners LLC Reduces Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Cerity Partners LLC lowered its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 67.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,455 shares of the financial services provider's stock after selling 7,186 shares during the quarter. Cerity Partners LLC's holdings in Kinsale Capital Group were worth $1,682,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of KNSL. NBC Securities Inc. acquired a new position in shares of Kinsale Capital Group during the first quarter valued at $35,000. von Borstel & Associates Inc. acquired a new position in Kinsale Capital Group in the first quarter valued at about $42,000. Physician Wealth Advisors Inc. acquired a new position in Kinsale Capital Group in the fourth quarter valued at about $49,000. Anderson Financial Strategies LLC acquired a new position in Kinsale Capital Group in the fourth quarter valued at about $54,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in Kinsale Capital Group by 11.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 200 shares of the financial services provider's stock valued at $93,000 after buying an additional 21 shares during the period. Institutional investors and hedge funds own 85.36% of the company's stock.

Insider Activity at Kinsale Capital Group

In related news, EVP Diane D. Schnupp sold 1,398 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $472.00, for a total value of $659,856.00. Following the sale, the executive vice president directly owned 6,646 shares of the company's stock, valued at $3,136,912. This represents a 17.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 5.50% of the company's stock.

Kinsale Capital Group Stock Down 1.5%

Shares of KNSL traded down $6.95 during mid-day trading on Thursday, reaching $472.23. The company had a trading volume of 59,232 shares, compared to its average volume of 205,578. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.11 and a current ratio of 0.11. The firm has a 50-day moving average price of $473.49 and a 200 day moving average price of $460.64. Kinsale Capital Group, Inc. has a 52 week low of $373.62 and a 52 week high of $531.79. The company has a market capitalization of $11.01 billion, a price-to-earnings ratio of 27.17, a price-to-earnings-growth ratio of 1.80 and a beta of 1.19.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced its earnings results on Thursday, April 24th. The financial services provider reported $3.71 earnings per share for the quarter, beating analysts' consensus estimates of $3.15 by $0.56. The business had revenue of $423.40 million during the quarter, compared to analyst estimates of $425.73 million. Kinsale Capital Group had a net margin of 24.73% and a return on equity of 26.36%. The company's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.50 EPS. On average, sell-side analysts forecast that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Announces Dividend

The firm also recently declared a dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 30th were issued a $0.17 dividend. This represents a dividend yield of 0.15%. The ex-dividend date of this dividend was Thursday, May 29th. Kinsale Capital Group's payout ratio is 3.91%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wall Street Zen upgraded 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 objective for the company. JPMorgan Chase & Co. decreased their price objective on Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Truist Financial decreased their price objective on Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating for the company in a report on Monday, April 28th. Finally, Morgan Stanley increased their price objective on Kinsale Capital Group from $490.00 to $525.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $491.88.

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.