Vanguard Group Inc. Sells 13,137 Shares of Kinsale Capital Group, Inc. $KNSL

Key Points

• Vanguard Group trimmed its stake in Kinsale Capital by 0.6%, selling 13,137 shares and now holds 2,076,556 shares (about 8.93% of the company) valued at roughly $812.2 million.
• Kinsale beat analysts' estimates for the quarter, reporting $5.11 EPS vs. $4.70 expected and $466.7M in revenue vs. $410.3M, with strong profitability metrics (net margin ~27.5%, ROE ~25.8%).
• Analyst sentiment is mixed-to-cautious: the consensus rating is "Hold" with a $392 price target, and several firms have recently cut targets (e.g., Truist to $405, Morgan Stanley to $350, BMO to $348).

Vanguard Group Inc. decreased its stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,076,556 shares of the financial services provider's stock after selling 13,137 shares during the period. Vanguard Group Inc. owned about 8.93% of Kinsale Capital Group worth $812,183,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Vident Advisory LLC increased its holdings in shares of Kinsale Capital Group by 2.9% in the 2nd quarter. Vident Advisory LLC now owns 825 shares of the financial services provider's stock worth $399,000 after buying an additional 23 shares during the last quarter. Kingswood Wealth Advisors LLC increased its holdings in shares of Kinsale Capital Group by 3.3% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 867 shares of the financial services provider's stock worth $339,000 after buying an additional 28 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Kinsale Capital Group by 20.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 162 shares of the financial services provider's stock worth $77,000 after buying an additional 28 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Kinsale Capital Group by 39.0% in the 4th quarter. Signaturefd LLC now owns 107 shares of the financial services provider's stock worth $42,000 after buying an additional 30 shares during the last quarter. Finally, CWM LLC increased its holdings in shares of Kinsale Capital Group by 5.3% in the 4th quarter. CWM LLC now owns 592 shares of the financial services provider's stock worth $232,000 after buying an additional 30 shares during the last quarter. Institutional investors own 85.36% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on KNSL shares. Truist Financial decreased their price target on shares of Kinsale Capital Group from $450.00 to $405.00 and set a "buy" rating on the stock in a report on Monday, April 27th. Weiss Ratings lowered shares of Kinsale Capital Group from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday, April 27th. Wall Street Zen raised shares of Kinsale Capital Group from a "sell" rating to a "hold" rating in a report on Sunday. BMO Capital Markets lowered shares of Kinsale Capital Group from a "market perform" rating to an "underperform" rating and set a $348.00 price target on the stock. in a report on Wednesday, February 25th. Finally, Morgan Stanley reaffirmed an "equal weight" rating and set a $350.00 target price (down from $450.00) on shares of Kinsale Capital Group in a report on Monday, April 6th. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Kinsale Capital Group presently has a consensus rating of "Hold" and a consensus price target of $392.00.

Kinsale Capital Group Price Performance

KNSL stock opened at $311.61 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.10 and a current ratio of 0.10. Kinsale Capital Group, Inc. has a 52 week low of $308.61 and a 52 week high of $512.76. The firm's fifty day moving average is $354.05 and its 200 day moving average is $382.07. The firm has a market cap of $7.19 billion, a P/E ratio of 13.72, a P/E/G ratio of 1.01 and a beta of 0.95.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its earnings results on Thursday, April 23rd. The financial services provider reported $5.11 EPS for the quarter, beating the consensus estimate of $4.70 by $0.41. Kinsale Capital Group had a net margin of 27.48% and a return on equity of 25.82%. The company had revenue of $466.71 million for the quarter, compared to analyst estimates of $410.25 million. During the same quarter last year, the firm earned $3.71 EPS. The firm's quarterly revenue was down .5% compared to the same quarter last year. Research analysts predict that Kinsale Capital Group, Inc. will post 20.54 earnings per share for the current year.

Kinsale Capital Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Thursday, February 26th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, February 26th. This represents a $1.00 annualized dividend and a dividend yield of 0.3%. This is an increase from Kinsale Capital Group's previous quarterly dividend of $0.17. Kinsale Capital Group's payout ratio is 4.40%.

About Kinsale Capital Group

Kinsale Capital Group, Inc NYSE: KNSL is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company's product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.

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