Copeland Capital Management LLC Has $108.17 Million Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Copeland Capital Management LLC trimmed its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 2.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 222,240 shares of the financial services provider's stock after selling 4,621 shares during the period. Kinsale Capital Group comprises approximately 2.2% of Copeland Capital Management LLC's holdings, making the stock its 4th largest holding. Copeland Capital Management LLC owned about 0.95% of Kinsale Capital Group worth $108,167,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Private Advisor Group LLC raised its position in shares of Kinsale Capital Group by 77.6% during the 4th quarter. Private Advisor Group LLC now owns 1,037 shares of the financial services provider's stock valued at $482,000 after acquiring an additional 453 shares in the last quarter. IFP Advisors Inc raised its position in shares of Kinsale Capital Group by 812.7% during the 4th quarter. IFP Advisors Inc now owns 2,291 shares of the financial services provider's stock valued at $1,067,000 after acquiring an additional 2,040 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Kinsale Capital Group by 2.9% during the 4th quarter. Bank of New York Mellon Corp now owns 183,345 shares of the financial services provider's stock valued at $85,279,000 after acquiring an additional 5,213 shares in the last quarter. Advisor OS LLC acquired a new stake in shares of Kinsale Capital Group during the 4th quarter valued at approximately $373,000. Finally, Oppenheimer Asset Management Inc. raised its position in shares of Kinsale Capital Group by 1.1% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 19,640 shares of the financial services provider's stock valued at $9,135,000 after acquiring an additional 217 shares in the last quarter. 85.36% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Kinsale Capital Group

In other news, EVP Diane D. Schnupp sold 1,398 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $472.00, for a total value of $659,856.00. Following the completion of the transaction, the executive vice president now owns 6,646 shares of the company's stock, valued at approximately $3,136,912. This represents a 17.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 5.50% of the company's stock.

Wall Street Analyst Weigh In

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

Kinsale Capital Group Stock Performance

NYSE KNSL traded down $3.16 during trading hours on Friday, hitting $473.24. The company had a trading volume of 312,526 shares, compared to its average volume of 177,609. Kinsale Capital Group, Inc. has a fifty-two week low of $366.92 and a fifty-two week high of $531.79. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.12. The business has a fifty day simple moving average of $463.42 and a 200-day simple moving average of $459.39. The firm has a market cap of $11.03 billion, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 1.76 and a beta of 1.20.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its earnings results on Thursday, April 24th. The financial services provider reported $3.71 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.56. Kinsale Capital Group had a return on equity of 26.36% and a net margin of 24.73%. The firm had revenue of $423.40 million for the quarter, compared to analyst estimates of $425.73 million. During the same period last year, the company earned $3.50 earnings per share. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. Equities analysts predict 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. Stockholders of record on Friday, May 30th were paid a $0.17 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a dividend yield of 0.15%. Kinsale Capital Group's payout ratio is 3.91%.

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.