Evolution Advisers Inc. Sells 68 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Evolution Advisers Inc. lessened its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 50.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 67 shares of the financial services provider’s stock after selling 68 shares during the quarter. Evolution Advisers Inc.’s holdings in Kinsale Capital Group were worth $36,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Cim LLC bought a new position in shares of Kinsale Capital Group during the 4th quarter worth about $1,934,000. Axiom Investors LLC DE raised its holdings in Kinsale Capital Group by 116.3% in the 4th quarter. Axiom Investors LLC DE now owns 44,135 shares of the financial services provider’s stock valued at $14,781,000 after acquiring an additional 23,728 shares in the last quarter. Carnegie Capital Asset Management LLC bought a new stake in shares of Kinsale Capital Group in the 4th quarter worth approximately $8,002,000. The Manufacturers Life Insurance Company grew its holdings in shares of Kinsale Capital Group by 129.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 44,232 shares of the financial services provider’s stock worth $14,814,000 after purchasing an additional 24,992 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in shares of Kinsale Capital Group during the first quarter valued at approximately $196,358,000. Institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Trading Up 1.4 %

Shares of NYSE:KNSL traded up $5.26 during mid-day trading on Thursday, reaching $381.13. The stock had a trading volume of 168,000 shares, compared to its average volume of 185,460. The firm has a market cap of $8.87 billion, a PE ratio of 25.31 and a beta of 1.06. The firm has a 50 day simple moving average of $385.22 and a two-hundred day simple moving average of $422.35. 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, Inc. has a twelve month low of $325.01 and a twelve month high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $3.50 earnings per share for the quarter, topping analysts’ consensus estimates of $3.33 by $0.17. The company had revenue of $372.79 million for the quarter, compared to analysts’ expectations of $366.45 million. Kinsale Capital Group had a net margin of 26.33% and a return on equity of 31.21%. The business’s quarterly revenue was up 41.7% compared to the same quarter last year. During the same period last year, the firm posted $2.44 earnings per share. On average, research analysts predict that Kinsale Capital Group, Inc. will post 14.94 EPS for the current fiscal year.

Kinsale Capital Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Friday, May 31st were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.16%. The ex-dividend date was Friday, May 31st. Kinsale Capital Group’s payout ratio is 3.99%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on KNSL. Compass Point lowered their price target 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, April 29th. Truist Financial dropped their price target on shares of Kinsale Capital Group from $600.00 to $440.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $425.00 price objective (down from $555.00) on shares of Kinsale Capital Group in a report on Monday, April 29th. BMO Capital Markets dropped their target price on Kinsale Capital Group from $544.00 to $453.00 and set a “market perform” rating for the company in a report on Tuesday, April 30th. Finally, TD Cowen began coverage on Kinsale Capital Group in a research report on Monday, May 20th. They set a “hold” rating and a $403.00 target price for the company. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $434.00.

Insider Activity at Kinsale Capital Group

In other Kinsale Capital Group news, COO Brian D. Haney sold 3,778 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $367.74, for a total transaction of $1,389,321.72. Following the transaction, the chief operating officer now owns 95,850 shares of the company’s stock, valued at approximately $35,247,879. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.60% of the stock is owned by insiders.

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.