Blair William & Co. IL lowered its stake in shares of Kinsale Capital Group Inc (NASDAQ:KNSL) by 11.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,124 shares of the financial services provider’s stock after selling 7,590 shares during the period. Blair William & Co. IL’s holdings in Kinsale Capital Group were worth $3,776,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of KNSL. Dimensional Fund Advisors LP boosted its stake in shares of Kinsale Capital Group by 10.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 259,519 shares of the financial services provider’s stock worth $16,572,000 after acquiring an additional 24,421 shares during the period. BlackRock Inc. boosted its stake in Kinsale Capital Group by 4.4% in the 3rd quarter. BlackRock Inc. now owns 1,355,466 shares of the financial services provider’s stock valued at $86,560,000 after purchasing an additional 57,538 shares during the period. Bank of New York Mellon Corp boosted its stake in Kinsale Capital Group by 9.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 119,280 shares of the financial services provider’s stock valued at $7,618,000 after purchasing an additional 10,063 shares during the period. Janus Henderson Group PLC boosted its stake in Kinsale Capital Group by 21.9% in the 3rd quarter. Janus Henderson Group PLC now owns 476,063 shares of the financial services provider’s stock valued at $30,401,000 after purchasing an additional 85,391 shares during the period. Finally, Eagle Asset Management Inc. boosted its stake in Kinsale Capital Group by 13.3% in the 3rd quarter. Eagle Asset Management Inc. now owns 188,072 shares of the financial services provider’s stock valued at $12,010,000 after purchasing an additional 22,034 shares during the period. Hedge funds and other institutional investors own 83.38% of the company’s stock.
Several analysts recently issued reports on KNSL shares. Zacks Investment Research downgraded Kinsale Capital Group from a “hold” rating to a “sell” rating in a research note on Tuesday, November 6th. BidaskClub downgraded Kinsale Capital Group from a “buy” rating to a “hold” rating in a research note on Wednesday, September 12th. SunTrust Banks restated a “buy” rating and issued a $65.00 price target on shares of Kinsale Capital Group in a research note on Wednesday, August 8th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $61.00 price target on shares of Kinsale Capital Group in a research note on Tuesday, August 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $61.33.
Kinsale Capital Group (NASDAQ:KNSL) last released its quarterly earnings results on Friday, November 2nd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.49. The business had revenue of $60.14 million during the quarter, compared to the consensus estimate of $57.62 million. Kinsale Capital Group had a return on equity of 14.84% and a net margin of 16.33%. On average, equities analysts predict that Kinsale Capital Group Inc will post 1.82 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.28 annualized dividend and a yield of 0.45%. Kinsale Capital Group’s dividend payout ratio is presently 22.40%.
In other Kinsale Capital Group news, Director Frederick L. Jr. Russell sold 1,000 shares of Kinsale Capital Group stock in a transaction on Monday, September 10th. The stock was sold at an average price of $60.75, for a total value of $60,750.00. Following the completion of the transaction, the director now directly owns 1,111 shares of the company’s stock, valued at approximately $67,493.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael P. Kehoe sold 10,000 shares of Kinsale Capital Group stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $59.24, for a total value of $592,400.00. Following the completion of the transaction, the chief executive officer now directly owns 352,339 shares of the company’s stock, valued at $20,872,562.36. The disclosure for this sale can be found here. Insiders sold a total of 31,750 shares of company stock valued at $1,921,690 over the last ninety days. Insiders own 8.20% of the company’s stock.
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About Kinsale Capital Group
Kinsale Capital Group, Inc provides as a casualty and property insurance products in the United States. Its commercial lines offerings include construction, small business, energy, excess casualty, general casualty, product liability, professional liability, life sciences, allied health, health care, commercial property, management liability, environmental, public entity, inland marine, and commercial insurance, as well as homeowners insurance.
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