Crossmark Global Holdings Inc. Sells 139 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Crossmark Global Holdings Inc. cut its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 8.1% during the 4th quarter, Holdings Channel reports. The firm owned 1,583 shares of the financial services provider’s stock after selling 139 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Kinsale Capital Group were worth $737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Leibman Financial Services Inc. raised its position in shares of Kinsale Capital Group by 0.5% in the third quarter. Leibman Financial Services Inc. now owns 4,562 shares of the financial services provider’s stock valued at $2,124,000 after purchasing an additional 24 shares during the period. Ballentine Partners LLC raised its holdings in Kinsale Capital Group by 4.6% in the 4th quarter. Ballentine Partners LLC now owns 573 shares of the financial services provider’s stock valued at $267,000 after acquiring an additional 25 shares during the period. CWM LLC lifted its position in Kinsale Capital Group by 8.8% during the third quarter. CWM LLC now owns 406 shares of the financial services provider’s stock worth $189,000 after acquiring an additional 33 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in shares of Kinsale Capital Group by 5.1% during the third quarter. Fifth Third Wealth Advisors LLC now owns 763 shares of the financial services provider’s stock worth $355,000 after acquiring an additional 37 shares during the period. Finally, RiverPark Advisors LLC grew its position in shares of Kinsale Capital Group by 3.6% in the third quarter. RiverPark Advisors LLC now owns 1,180 shares of the financial services provider’s stock valued at $549,000 after purchasing an additional 41 shares during the last quarter. 85.36% of the stock is owned by institutional investors.

Insider Transactions at Kinsale Capital Group

In other news, EVP Diane D. Schnupp sold 500 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $510.00, for a total transaction of $255,000.00. Following the completion of the transaction, the executive vice president now directly owns 6,994 shares in the company, valued at approximately $3,566,940. This represents a 6.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James Joseph Ritchie sold 2,295 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $499.79, for a total value of $1,147,018.05. Following the sale, the director now directly owns 7,348 shares in the company, valued at approximately $3,672,456.92. This trade represents a 23.80 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,235 shares of company stock valued at $3,618,954. 5.60% of the stock is currently owned by insiders.

Kinsale Capital Group Stock Down 0.2 %

Shares of KNSL opened at $432.09 on Friday. The firm has a 50 day simple moving average of $469.84 and a two-hundred day simple moving average of $458.09. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.09 and a quick ratio of 0.09. Kinsale Capital Group, Inc. has a one year low of $355.12 and a one year high of $548.47. The company has a market cap of $10.06 billion, a P/E ratio of 24.63, a P/E/G ratio of 1.61 and a beta of 1.16.

Kinsale Capital Group (NYSE:KNSL) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.20 EPS for the quarter, topping analysts’ consensus estimates of $3.60 by $0.60. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. The company had revenue of $418.06 million during the quarter, compared to analysts’ expectations of $359.43 million. During the same quarter in the previous year, the firm earned $3.31 EPS. Kinsale Capital Group’s revenue was up 33.0% on a year-over-year basis. Research analysts forecast that Kinsale Capital Group, Inc. will post 15.67 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.14%. The ex-dividend date of this dividend was Friday, November 29th. Kinsale Capital Group’s payout ratio is 3.42%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on KNSL. Jefferies Financial Group lifted their price target on Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Truist Financial reduced their target price on shares of Kinsale Capital Group from $500.00 to $480.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. lowered their price target on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Morgan Stanley assumed coverage on shares of Kinsale Capital Group in a report on Thursday, December 5th. They issued an “overweight” rating and a $593.00 price objective for the company. Finally, Wolfe Research raised shares of Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 target price on the stock in a report on Monday, October 28th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $468.89.

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.