Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Sold by Riverbridge Partners LLC

Riverbridge Partners LLC lessened its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 5.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 290,816 shares of the financial services provider's stock after selling 15,569 shares during the quarter. Kinsale Capital Group makes up about 2.3% of Riverbridge Partners LLC's holdings, making the stock its 9th largest position. Riverbridge Partners LLC owned 1.25% of Kinsale Capital Group worth $141,543,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Institute for Wealth Management LLC. acquired a new position in Kinsale Capital Group in the first quarter valued at $413,000. State of Alaska Department of Revenue boosted its stake 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 acquiring an additional 65 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its stake 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 acquiring an additional 53 shares in the last quarter. Strategic Advisors LLC boosted its stake 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 acquiring an additional 30 shares in the last quarter. Finally, Precision Wealth Strategies LLC acquired a new position in Kinsale Capital Group in the first quarter valued at $338,000. Hedge funds and other institutional investors own 85.36% of the company's stock.

Analysts Set New Price Targets

KNSL has been the subject of several recent research reports. Bank of America initiated coverage on shares of Kinsale Capital Group in a research note on Friday. They set a "buy" rating and a $543.00 target price for the company. Wall Street Zen upgraded shares of Kinsale Capital Group from a "sell" rating to a "hold" rating in a research report on Sunday. JPMorgan Chase & Co. reduced their price objective on shares of Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Morgan Stanley raised 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 reduced their price objective on shares of Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating for the company in a research report 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. Based on data from MarketBeat, Kinsale Capital Group currently has an average rating of "Hold" and an average target price of $491.88.

Insider Buying and Selling at Kinsale Capital Group

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 1,398 shares of the business's stock in a transaction dated 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 transaction, the executive vice president now directly owns 6,646 shares of the company's stock, valued at $3,136,912. The trade was a 17.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.50% of the stock is currently owned by company insiders.

Kinsale Capital Group Stock Up 0.7%

Shares of KNSL traded up $3.39 during midday trading on Monday, hitting $479.46. The company had a trading volume of 188,319 shares, compared to its average volume of 175,903. The company's 50 day moving average price is $464.38 and its 200 day moving average price is $460.11. The stock has a market cap of $11.18 billion, a price-to-earnings ratio of 27.59, a PEG ratio of 1.80 and a beta of 1.20. Kinsale Capital Group, Inc. has a 52 week low of $366.92 and a 52 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.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released 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 net margin of 24.73% and a return on equity of 26.36%. The company had revenue of $423.40 million during the quarter, compared to the consensus estimate of $425.73 million. During the same quarter in the previous year, the firm earned $3.50 EPS. The company's revenue was up 7.9% on a year-over-year basis. On average, equities research analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, June 12th. Shareholders 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 payout ratio is 3.91%.

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.