Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 30.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 57,341 shares of the financial services provider's stock after selling 24,871 shares during the quarter. Principal Financial Group Inc. owned approximately 0.25% of Kinsale Capital Group worth $27,909,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. increased its stake in Kinsale Capital Group by 11.7% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 200 shares of the financial services provider's stock worth $93,000 after purchasing an additional 21 shares during the period. Coldstream Capital Management Inc. grew its holdings in shares of Kinsale Capital Group by 1.7% in the fourth quarter. Coldstream Capital Management Inc. now owns 1,469 shares of the financial services provider's stock valued at $683,000 after purchasing an additional 25 shares in the last quarter. Private Trust Co. NA increased its stake in Kinsale Capital Group by 2.1% during the 1st quarter. Private Trust Co. NA now owns 1,288 shares of the financial services provider's stock worth $627,000 after buying an additional 27 shares during the period. Strategic Advisors LLC lifted its holdings in 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 worth $2,568,000 after buying an additional 30 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in Kinsale Capital Group by 1.2% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,250 shares of the financial services provider's stock worth $1,512,000 after buying an additional 38 shares in the last quarter. Institutional investors and hedge funds own 85.36% of the company's stock.

Kinsale Capital Group Stock Performance

Shares of KNSL stock traded down $7.48 during mid-day trading on Friday, hitting $481.67. 245,295 shares of the stock were exchanged, compared to its average volume of 181,507. The stock's fifty day simple moving average is $468.84 and its two-hundred day simple moving average is $459.47. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.11 and a current ratio of 0.11. Kinsale Capital Group, Inc. has a 12-month low of $366.92 and a 12-month high of $531.79. The stock has a market capitalization of $11.23 billion, a price-to-earnings ratio of 27.71, a P/E/G ratio of 1.78 and a beta of 1.19.

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

Kinsale Capital Group Dividend Announcement

The firm also recently declared 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. This represents a yield of 0.15%. The ex-dividend date was Thursday, May 29th. Kinsale Capital Group's dividend payout ratio is currently 3.91%.

Analyst Ratings Changes

A number of research firms have recently weighed in on KNSL. Wall Street Zen raised Kinsale Capital Group from a "sell" rating to a "hold" rating in a research report on Sunday, June 22nd. Bank of America initiated coverage on Kinsale Capital Group in a research report on Friday, June 20th. They issued a "buy" rating and a $543.00 price target on the stock. JPMorgan Chase & Co. decreased their price target on shares of Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Morgan Stanley increased 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 report on Monday, May 19th. Finally, Truist Financial lowered their target price on shares of Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Seven 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 an average rating of "Hold" and an average target price of $491.88.

Insider Buying and Selling

In other news, EVP Diane D. Schnupp sold 1,398 shares of the company's 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 completion of the sale, the executive vice president directly owned 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.50% of the company's stock.

Kinsale Capital Group 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.