Sava Infond d.o.o. Sells 570 Shares of Kinsale Capital Group, Inc. $KNSL

Key Points

• Sava Infond d.o.o. has reduced its stake in Kinsale Capital Group, Inc. by 27.1%, selling 570 shares and holding a total of 1,530 shares valued at approximately $740,000.
• Several large investors, including QRG Capital Management and Ascent Group LLC, have increased their positions in Kinsale Capital Group during the second quarter, indicating strong institutional interest.
• Kinsale Capital Group recently posted quarterly earnings of $4.78 EPS, exceeding expectations, along with a 22.2% increase in revenue year-over-year.

Sava Infond d.o.o. trimmed its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 27.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,530 shares of the financial services provider's stock after selling 570 shares during the period. Sava Infond d.o.o.'s holdings in Kinsale Capital Group were worth $740,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. QRG Capital Management Inc. lifted its stake in shares of Kinsale Capital Group by 2.6% in the second quarter. QRG Capital Management Inc. now owns 1,190 shares of the financial services provider's stock valued at $576,000 after buying an additional 30 shares in the last quarter. Ascent Group LLC lifted its stake in shares of Kinsale Capital Group by 22.0% in the second quarter. Ascent Group LLC now owns 12,773 shares of the financial services provider's stock valued at $6,181,000 after buying an additional 2,303 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Kinsale Capital Group in the second quarter valued at $218,000. Abacus Planning Group Inc. bought a new position in shares of Kinsale Capital Group during the second quarter valued at about $389,000. Finally, J2 Capital Management Inc lifted its position in shares of Kinsale Capital Group by 44.2% during the second quarter. J2 Capital Management Inc now owns 1,412 shares of the financial services provider's stock valued at $683,000 after purchasing an additional 433 shares in the last quarter. 85.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on KNSL shares. BMO Capital Markets raised their price target on shares of Kinsale Capital Group from $429.00 to $474.00 and gave the company a "market perform" rating in a research report on Tuesday, July 29th. Bank of America started coverage on shares of Kinsale Capital Group in a research report on Friday, June 20th. They set a "buy" rating and a $543.00 price target on the stock. Weiss Ratings reissued a "buy (b-)" rating on shares of Kinsale Capital Group in a research report on Saturday, September 27th. Truist Financial raised their price target on shares of Kinsale Capital Group from $500.00 to $560.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Finally, Cantor Fitzgerald raised shares of Kinsale Capital Group to a "hold" rating in a research report on Wednesday, August 13th. Five investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $505.80.

Kinsale Capital Group Stock Performance

NYSE KNSL opened at $465.89 on Friday. Kinsale Capital Group, Inc. has a 52-week low of $405.00 and a 52-week high of $531.79. The company has a 50-day simple moving average of $442.80 and a 200 day simple moving average of $460.72. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.10 and a current ratio of 0.10. The company has a market capitalization of $10.86 billion, a PE ratio of 24.30, a price-to-earnings-growth ratio of 1.63 and a beta of 1.09.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The financial services provider reported $4.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.41 by $0.37. Kinsale Capital Group had a net margin of 25.92% and a return on equity of 25.93%. The business had revenue of $458.70 million during the quarter, compared to the consensus estimate of $436.25 million. During the same quarter last year, the company posted $3.75 earnings per share. The firm's quarterly revenue was up 22.2% compared to the same quarter last year. On average, research analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 11th. Stockholders of record on Friday, August 29th were paid a $0.17 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.68 annualized dividend and a dividend yield of 0.1%. Kinsale Capital Group's dividend payout ratio (DPR) is presently 3.55%.

About Kinsale Capital Group

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.

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