Trust Point Inc. Decreases Stock Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Trust Point Inc. trimmed its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 34.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,786 shares of the financial services provider's stock after selling 952 shares during the period. Trust Point Inc.'s holdings in Kinsale Capital Group were worth $869,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC raised its position in shares of Kinsale Capital Group by 26.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,828 shares of the financial services provider's stock valued at $1,377,000 after purchasing an additional 584 shares in the last quarter. West Branch Capital LLC acquired a new position in shares of Kinsale Capital Group in the 1st quarter valued at approximately $122,000. Marshall Financial Group LLC raised its position in shares of Kinsale Capital Group by 12.4% in the 1st quarter. Marshall Financial Group LLC now owns 2,222 shares of the financial services provider's stock valued at $1,081,000 after purchasing an additional 246 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new position in shares of Kinsale Capital Group in the 1st quarter valued at approximately $110,000. Finally, Fifth Third Bancorp raised its position in shares of Kinsale Capital Group by 19.6% in the 1st quarter. Fifth Third Bancorp now owns 592 shares of the financial services provider's stock valued at $288,000 after purchasing an additional 97 shares in the last quarter. 85.36% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Diane D. Schnupp sold 1,398 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $472.00, for a total value of $659,856.00. Following the completion of the transaction, the executive vice president now owns 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 5.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. dropped their price target on Kinsale Capital Group from $402.00 to $400.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Truist Financial dropped their price target on Kinsale Capital Group from $525.00 to $500.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Morgan Stanley upped their price target on Kinsale Capital Group from $490.00 to $525.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. Royal Bank of Canada reissued a "sector perform" rating and set a $500.00 price target on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. Finally, Wall Street Zen lowered Kinsale Capital Group from a "hold" rating to a "sell" rating in a research report on Saturday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $484.57.

Kinsale Capital Group Price Performance

Shares of NYSE KNSL opened at $474.69 on Monday. Kinsale Capital Group, Inc. has a 1-year low of $366.92 and a 1-year high of $531.79. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09. The business's fifty day moving average price is $464.57 and its two-hundred day moving average price is $461.60. The firm has a market capitalization of $11.07 billion, a PE ratio of 26.68, a P/E/G ratio of 1.66 and a beta of 1.20.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued 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 return on equity of 28.04% and a net margin of 26.13%. The firm had revenue of $423.40 million for the quarter, compared to analyst estimates of $425.73 million. During the same period last year, the company earned $3.50 earnings per share. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. On average, research analysts expect that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 30th were given a $0.17 dividend. This represents a yield of 0.15%. The ex-dividend date of this dividend was Thursday, May 29th. Kinsale Capital Group's dividend payout ratio is presently 3.91%.

Kinsale Capital Group Company 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.

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