Atria Wealth Solutions Inc. Trims Stock Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Atria Wealth Solutions Inc. cut its position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 41.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,850 shares of the financial services provider's stock after selling 5,658 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Kinsale Capital Group were worth $2,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Anchor Investment Management LLC bought a new position in Kinsale Capital Group in the fourth quarter valued at about $25,000. Emerald Advisers LLC purchased a new position in shares of Kinsale Capital Group in the third quarter worth approximately $33,000. Beacon Capital Management LLC bought a new stake in Kinsale Capital Group during the fourth quarter valued at approximately $33,000. Arlington Trust Co LLC purchased a new position in shares of Kinsale Capital Group during the 4th quarter worth $54,000. Finally, Milestone Investment Advisors LLC bought a new position in Kinsale Capital Group in the 3rd quarter worth $58,000. 85.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Compass Point lowered their target price on shares of Kinsale Capital Group from $490.00 to $390.00 and set a "neutral" rating on the stock in a report on Monday. Truist Financial reduced their target price on Kinsale Capital Group from $600.00 to $440.00 and set a "buy" rating on the stock in a report on Monday. JPMorgan Chase & Co. increased their price target on Kinsale Capital Group from $375.00 to $420.00 and gave the company a "neutral" rating in a research note on Monday, February 26th. Royal Bank of Canada restated a "sector perform" rating and set a $425.00 price target (down previously from $555.00) on shares of Kinsale Capital Group in a report on Monday. Finally, BMO Capital Markets cut shares of Kinsale Capital Group from an "outperform" rating to a "market perform" rating and boosted their price objective for the company from $434.00 to $544.00 in a research report on Wednesday, February 28th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $451.43.

Kinsale Capital Group Stock Down 4.4 %

Shares of NYSE:KNSL traded down $16.64 on Monday, reaching $358.00. The company had a trading volume of 823,956 shares, compared to its average volume of 197,702. Kinsale Capital Group, Inc. has a 52-week low of $297.33 and a 52-week high of $548.47. The firm's 50 day simple moving average is $488.67 and its 200-day simple moving average is $414.99. The firm has a market capitalization of $8.30 billion, a PE ratio of 23.79 and a beta of 0.89. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.16.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The financial services provider reported $3.50 EPS for the quarter, beating the consensus estimate of $3.33 by $0.17. The business had revenue of $372.79 million during the quarter, compared to analyst estimates of $366.45 million. Kinsale Capital Group had a net margin of 26.33% and a return on equity of 31.21%. The company's quarterly revenue was up 41.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.44 earnings per share. As a group, analysts expect that Kinsale Capital Group, Inc. will post 15.31 earnings per share for the current fiscal year.

Kinsale Capital Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Tuesday, February 27th were given a $0.15 dividend. This is a boost from Kinsale Capital Group's previous quarterly dividend of $0.14. The ex-dividend date was Monday, February 26th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.17%. Kinsale Capital Group's dividend payout ratio (DPR) is presently 3.99%.

Insider Buying and Selling

In related news, CEO Michael P. Kehoe sold 4,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $523.73, for a total value of $2,094,920.00. Following the completion of the transaction, the chief executive officer now directly owns 303,972 shares of the company's stock, valued at approximately $159,199,255.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Kinsale Capital Group news, CEO Michael P. Kehoe sold 4,000 shares of Kinsale Capital Group stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $523.73, for a total transaction of $2,094,920.00. Following the completion of the sale, the chief executive officer now owns 303,972 shares of the company's stock, valued at approximately $159,199,255.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Frederick L. Jr. Russell sold 2,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $524.09, for a total transaction of $1,048,180.00. Following the completion of the transaction, the director now owns 887 shares in the company, valued at approximately $464,867.83. The disclosure for this sale can be found here. 5.60% of the stock is owned by company insiders.

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.