Davidson Capital Management Inc. Reduces Stock Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Davidson Capital Management Inc. decreased its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 10.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,748 shares of the financial services provider's stock after selling 771 shares during the quarter. Kinsale Capital Group makes up about 0.9% of Davidson Capital Management Inc.'s portfolio, making the stock its 15th biggest holding. Davidson Capital Management Inc.'s holdings in Kinsale Capital Group were worth $3,284,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Kinsale Capital Group by 11.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 200 shares of the financial services provider's stock valued at $93,000 after acquiring an additional 21 shares during the last quarter. Coldstream Capital Management Inc. boosted its position in shares of Kinsale Capital Group by 1.7% during the 4th quarter. Coldstream Capital Management Inc. now owns 1,469 shares of the financial services provider's stock valued at $683,000 after acquiring an additional 25 shares during the last quarter. Strategic Advisors LLC boosted its position in shares of Kinsale Capital Group by 0.6% during the 1st quarter. Strategic Advisors LLC now owns 5,277 shares of the financial services provider's stock valued at $2,568,000 after acquiring an additional 30 shares during the last quarter. Fielder Capital Group LLC boosted its position in shares of Kinsale Capital Group by 5.5% during the 4th quarter. Fielder Capital Group LLC now owns 595 shares of the financial services provider's stock valued at $277,000 after acquiring an additional 31 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its position in Kinsale Capital Group by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 716 shares of the financial services provider's stock valued at $333,000 after buying an additional 36 shares during the last quarter. Institutional investors and hedge funds own 85.36% of the company's stock.

Analyst Ratings Changes

KNSL has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of Kinsale Capital Group from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Bank of America initiated coverage on shares of Kinsale Capital Group in a research report on Friday. They issued a "buy" rating and a $543.00 target price on the stock. JPMorgan Chase & Co. decreased their target price 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. Truist Financial decreased their target price on shares of 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. Finally, Morgan Stanley upped their target price on shares of Kinsale Capital Group from $490.00 to $525.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Kinsale Capital Group presently has an average rating of "Hold" and a consensus price target of $491.88.

Insider Buying and Selling

In related news, EVP Diane D. Schnupp sold 1,398 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president now directly owns 6,646 shares in the company, valued at approximately $3,136,912. This represents a 17.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.50% of the company's stock.

Kinsale Capital Group Stock Up 3.2%

Shares of KNSL traded up $14.81 during mid-day trading on Friday, hitting $475.68. 234,876 shares of the company's stock were exchanged, compared to its average volume of 176,174. The company has a market cap of $11.09 billion, a price-to-earnings ratio of 27.37, a P/E/G ratio of 1.74 and a beta of 1.20. 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 debt-to-equity ratio of 0.12, a quick ratio of 0.11 and a current ratio of 0.11. The stock's 50-day moving average is $464.62 and its 200-day moving average is $461.11.

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 the consensus estimate of $3.15 by $0.56. Kinsale Capital Group had a net margin of 24.73% and a return on equity of 26.36%. The business had revenue of $423.40 million for the quarter, compared to analysts' expectations of $425.73 million. During the same quarter in the prior year, the company earned $3.50 earnings per share. The business's quarterly revenue was up 7.9% on a year-over-year basis. On average, sell-side analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 30th were paid a dividend of $0.17 per share. The ex-dividend date 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.