Amundi Sells 23 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Amundi reduced its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 3.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 605 shares of the financial services provider’s stock after selling 23 shares during the quarter. Amundi’s holdings in Kinsale Capital Group were worth $281,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. State Street Corp lifted its holdings in shares of Kinsale Capital Group by 1.3% during the 3rd quarter. State Street Corp now owns 689,386 shares of the financial services provider’s stock worth $320,957,000 after acquiring an additional 8,954 shares during the last quarter. Geode Capital Management LLC lifted its stake in Kinsale Capital Group by 5.9% in the third quarter. Geode Capital Management LLC now owns 528,708 shares of the financial services provider’s stock worth $246,810,000 after purchasing an additional 29,686 shares during the last quarter. DAVENPORT & Co LLC increased its position in shares of Kinsale Capital Group by 9.6% in the fourth quarter. DAVENPORT & Co LLC now owns 511,869 shares of the financial services provider’s stock valued at $238,193,000 after acquiring an additional 44,931 shares during the period. DF Dent & Co. Inc. increased its position in shares of Kinsale Capital Group by 3.0% in the third quarter. DF Dent & Co. Inc. now owns 226,614 shares of the financial services provider’s stock valued at $105,505,000 after acquiring an additional 6,679 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Kinsale Capital Group by 2.9% in the fourth quarter. Bank of New York Mellon Corp now owns 183,345 shares of the financial services provider’s stock valued at $85,279,000 after acquiring an additional 5,213 shares during the period. 85.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on KNSL shares. JPMorgan Chase & Co. reduced 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 reduced their price target on shares of Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. JMP Securities restated a “market perform” rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Royal Bank of Canada restated a “sector perform” rating and issued a $500.00 price objective on shares of Kinsale Capital Group in a report on Tuesday, February 18th. Finally, Truist Financial upped their price objective on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $468.56.

Kinsale Capital Group Trading Up 2.7 %

Shares of NYSE KNSL opened at $471.37 on Friday. The firm’s 50 day moving average price is $447.17 and its 200-day moving average price is $460.46. The company has a market cap of $10.97 billion, a PE ratio of 26.50, a P/E/G ratio of 1.66 and a beta of 1.25. Kinsale Capital Group, Inc. has a 52-week low of $355.12 and a 52-week high of $536.84. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09.

Kinsale Capital Group (NYSE:KNSL) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $4.62 earnings per share for the quarter, beating analysts’ consensus estimates of $4.23 by $0.39. The company had revenue of $412.12 million for the quarter, compared to the consensus estimate of $418.32 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. On average, equities research analysts expect that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were given a dividend of $0.17 per share. This is an increase from Kinsale Capital Group’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, February 27th. This represents a $0.68 dividend on an annualized basis and a yield of 0.14%. Kinsale Capital Group’s dividend payout ratio is 3.82%.

About Kinsale Capital Group

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.