Cerity Partners LLC Sells 386 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Cerity Partners LLC cut its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSLGet Rating) by 20.8% during the second quarter, HoldingsChannel.com reports. The firm owned 1,466 shares of the financial services provider’s stock after selling 386 shares during the period. Cerity Partners LLC’s holdings in Kinsale Capital Group were worth $336,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of KNSL. Inspire Investing LLC bought a new stake in Kinsale Capital Group in the second quarter valued at $713,000. WINTON GROUP Ltd grew its position in Kinsale Capital Group by 21.8% in the second quarter. WINTON GROUP Ltd now owns 5,429 shares of the financial services provider’s stock valued at $1,247,000 after acquiring an additional 972 shares during the period. Lazard Asset Management LLC grew its position in Kinsale Capital Group by 793.5% in the second quarter. Lazard Asset Management LLC now owns 1,242 shares of the financial services provider’s stock valued at $285,000 after acquiring an additional 1,103 shares during the period. Shell Asset Management Co. grew its position in Kinsale Capital Group by 11.5% in the second quarter. Shell Asset Management Co. now owns 2,702 shares of the financial services provider’s stock valued at $620,000 after acquiring an additional 279 shares during the period. Finally, Duality Advisers LP bought a new stake in Kinsale Capital Group in the second quarter valued at $1,518,000. 84.37% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director James Joseph Ritchie sold 738 shares of the company’s stock in a transaction on Monday, October 31st. The stock was sold at an average price of $314.35, for a total transaction of $231,990.30. Following the transaction, the director now owns 11,567 shares of the company’s stock, valued at $3,636,086.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Michael P. Kehoe sold 3,500 shares of the company’s stock in a transaction on Friday, November 4th. The stock was sold at an average price of $317.16, for a total transaction of $1,110,060.00. Following the transaction, the chief executive officer now owns 313,441 shares of the company’s stock, valued at $99,410,947.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Joseph Ritchie sold 738 shares of the stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $314.35, for a total value of $231,990.30. Following the completion of the transaction, the director now directly owns 11,567 shares in the company, valued at approximately $3,636,086.45. The disclosure for this sale can be found here. 6.20% of the stock is currently owned by insiders.

Kinsale Capital Group Price Performance

Kinsale Capital Group stock opened at $308.01 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.18 and a current ratio of 0.18. The firm has a market cap of $7.06 billion, a P/E ratio of 50.74 and a beta of 0.86. The business’s fifty day moving average is $286.71 and its two-hundred day moving average is $256.81. Kinsale Capital Group, Inc. has a 52 week low of $180.05 and a 52 week high of $334.99.

Kinsale Capital Group (NYSE:KNSLGet Rating) last posted its quarterly earnings data on Thursday, October 27th. The financial services provider reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.22. The company had revenue of $216.96 million for the quarter, compared to analyst estimates of $214.02 million. Kinsale Capital Group had a return on equity of 24.56% and a net margin of 18.45%. Equities research analysts forecast that Kinsale Capital Group, Inc. will post 7.32 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 13th. Stockholders of record on Wednesday, November 30th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.17%. The ex-dividend date of this dividend is Tuesday, November 29th. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 8.57%.

Analyst Upgrades and Downgrades

KNSL has been the topic of a number of analyst reports. Truist Financial upped their price target on Kinsale Capital Group from $285.00 to $335.00 in a research report on Monday, October 31st. StockNews.com initiated coverage on Kinsale Capital Group in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Compass Point upped their price target on Kinsale Capital Group to $335.00 in a research report on Friday, November 4th. Finally, Royal Bank of Canada boosted their price objective on Kinsale Capital Group from $275.00 to $350.00 and gave the stock an “outperform” rating in a research note on Monday, October 31st.

Kinsale Capital Group Profile

(Get Rating)

Kinsale Capital Group, Inc, a specialty insurance company, provides property and casualty insurance products in the United States. The company's commercial lines offerings include construction, small business, excess and general casualty, commercial property, allied health, life sciences, energy, environmental, health care, inland marine, public entity, and commercial insurance, as well as product, professional, and management liability insurance.

See Also

Want to see what other hedge funds are holding KNSL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kinsale Capital Group, Inc. (NYSE:KNSLGet Rating).

Institutional Ownership by Quarter for Kinsale Capital Group (NYSE:KNSL)

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