Rhumbline Advisers Sells 848 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Rhumbline Advisers decreased its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 1.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 66,244 shares of the financial services provider's stock after selling 848 shares during the period. Rhumbline Advisers owned about 0.28% of Kinsale Capital Group worth $32,242,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. LPL Financial LLC increased its stake in shares of Kinsale Capital Group by 29.4% in the 4th quarter. LPL Financial LLC now owns 20,415 shares of the financial services provider's stock worth $9,310,000 after acquiring an additional 4,644 shares in the last quarter. California Public Employees Retirement System boosted its holdings in Kinsale Capital Group by 11.8% in the fourth quarter. California Public Employees Retirement System now owns 39,341 shares of the financial services provider's stock worth $18,299,000 after purchasing an additional 4,146 shares during the last quarter. Empowered Funds LLC purchased a new stake in Kinsale Capital Group during the 4th quarter valued at $1,071,000. Charles Schwab Investment Management Inc. increased its position in shares of Kinsale Capital Group by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 152,445 shares of the financial services provider's stock valued at $70,907,000 after purchasing an additional 3,970 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of Kinsale Capital Group in the 4th quarter worth approximately $46,000. 85.36% of the stock is currently owned by institutional investors.

Kinsale Capital Group Price Performance

KNSL traded up $5.71 during trading hours on Friday, hitting $476.62. The company's stock had a trading volume of 235,237 shares, compared to its average volume of 171,633. The stock has a market cap of $11.11 billion, a price-to-earnings ratio of 26.79, a P/E/G ratio of 1.66 and a beta of 1.29. The business's 50-day moving average price is $464.69 and its 200-day moving average price is $463.37. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12. Kinsale Capital Group, Inc. has a 12 month low of $366.92 and a 12 month high of $531.79.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $3.71 EPS for the quarter, topping analysts' consensus estimates of $3.15 by $0.56. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. The business had revenue of $423.40 million during the quarter, compared to analysts' expectations of $425.73 million. During the same period last year, the company posted $3.50 EPS. The business's revenue was up 7.9% on a year-over-year basis. Sell-side analysts expect that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $500.00 price objective on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. Truist Financial dropped 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 report on Monday, April 28th. Morgan Stanley raised their price target on Kinsale Capital Group from $490.00 to $525.00 and gave the company an "overweight" rating in a report on Monday, May 19th. JPMorgan Chase & Co. dropped their price objective on 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. Finally, JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Kinsale Capital Group currently has an average rating of "Hold" and an average target price of $484.57.

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.