Kinsale Capital Group, Inc. (NYSE:KNSL) Position Trimmed by Davidson Capital Management Inc.

Davidson Capital Management Inc. decreased its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 10.3% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 6,748 shares of the financial services provider's stock after selling 771 shares during the period. Kinsale Capital Group makes up about 0.9% of Davidson Capital Management Inc.'s investment portfolio, making the stock its 15th largest position. Davidson Capital Management Inc.'s holdings in Kinsale Capital Group were worth $3,284,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. State of Alaska Department of Revenue raised its holdings in Kinsale Capital Group by 2.6% in the first quarter. State of Alaska Department of Revenue now owns 2,591 shares of the financial services provider's stock valued at $1,261,000 after buying an additional 65 shares during the period. Kingswood Wealth Advisors LLC raised its holdings in Kinsale Capital Group by 9.8% in the first quarter. Kingswood Wealth Advisors LLC now owns 596 shares of the financial services provider's stock valued at $290,000 after buying an additional 53 shares during the period. Strategic Advisors LLC raised its holdings in Kinsale Capital Group by 0.6% in the first quarter. Strategic Advisors LLC now owns 5,277 shares of the financial services provider's stock valued at $2,568,000 after buying an additional 30 shares during the period. Precision Wealth Strategies LLC purchased a new position in Kinsale Capital Group in the first quarter valued at approximately $338,000. Finally, Janney Montgomery Scott LLC raised its stake in shares of Kinsale Capital Group by 3.9% during the first quarter. Janney Montgomery Scott LLC now owns 36,736 shares of the financial services provider's stock valued at $17,880,000 after purchasing an additional 1,374 shares during the period. Hedge funds and other institutional investors own 85.36% of the company's stock.

Kinsale Capital Group Stock Up 3.2%

Shares of NYSE:KNSL traded up $14.81 during midday trading on Friday, reaching $475.68. The company had a trading volume of 234,876 shares, compared to its average volume of 175,853. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.11 and a quick ratio of 0.11. The stock's fifty day moving average price is $464.49 and its 200-day moving average price is $460.69. The stock has a market capitalization of $11.09 billion, a P/E ratio of 27.37, a PEG ratio of 1.80 and a beta of 1.20. Kinsale Capital Group, Inc. has a one year low of $366.92 and a one year high of $531.79.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $3.71 earnings per share (EPS) for the quarter, topping 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 business's revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.50 earnings per share. Equities research analysts expect that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

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. The ex-dividend date of this dividend was Thursday, May 29th. This represents a dividend yield of 0.15%. Kinsale Capital Group's dividend payout ratio (DPR) is presently 3.91%.

Insider Buying and Selling

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 1,398 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $472.00, for a total transaction of $659,856.00. Following the completion of the sale, the executive vice president now owns 6,646 shares in the company, valued at $3,136,912. The trade was a 17.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 5.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on KNSL shares. Bank of America started coverage on shares of Kinsale Capital Group in a research note on Friday. They set a "buy" rating and a $543.00 price objective on the stock. Wall Street Zen upgraded shares of Kinsale Capital Group from a "sell" rating to a "hold" rating in a research note on Sunday. 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 note on Monday, April 28th. Morgan Stanley lifted their price objective on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. Finally, Truist Financial dropped their price objective on shares of 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. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $491.88.

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.