Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Sold by Royal Bank of Canada

Royal Bank of Canada lowered its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 41.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 76,500 shares of the financial services provider's stock after selling 53,967 shares during the quarter. Royal Bank of Canada owned about 0.33% of Kinsale Capital Group worth $35,583,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Kinsale Capital Group during the 4th quarter worth about $25,000. Bank of Jackson Hole Trust acquired a new position in shares of Kinsale Capital Group in the 4th quarter valued at about $31,000. Larson Financial Group LLC lifted its holdings in shares of Kinsale Capital Group by 7,400.0% in the 4th quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider's stock valued at $35,000 after buying an additional 74 shares during the period. Allworth Financial LP lifted its holdings in shares of Kinsale Capital Group by 450.0% in the 4th quarter. Allworth Financial LP now owns 88 shares of the financial services provider's stock valued at $39,000 after buying an additional 72 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Kinsale Capital Group in the 4th quarter valued at about $46,000. Institutional investors and hedge funds own 85.36% of the company's stock.

Kinsale Capital Group Price Performance

NYSE:KNSL traded up $11.44 during trading hours on Tuesday, hitting $475.05. 79,736 shares of the stock were exchanged, compared to its average volume of 170,776. Kinsale Capital Group, Inc. has a 52-week low of $366.92 and a 52-week high of $531.79. The firm's fifty day moving average price is $466.03 and its 200 day moving average price is $463.28. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12. The company has a market cap of $11.07 billion, a P/E ratio of 26.69, a P/E/G ratio of 1.66 and a beta of 1.29.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its quarterly earnings data 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. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The company had revenue of $423.40 million during the quarter, compared to analyst estimates of $425.73 million. During the same period in the previous year, the business earned $3.50 EPS. Kinsale Capital Group's quarterly revenue was up 7.9% on a year-over-year basis. As a group, equities research analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KNSL. Morgan Stanley boosted their price objective 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. decreased their price objective on Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Royal Bank of Canada reissued a "sector perform" rating and issued a $500.00 price objective on shares of Kinsale Capital Group in a report on Tuesday, February 18th. Truist Financial cut their price target on 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. Finally, JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus 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.