Cumberland Partners Ltd Has $1.16 Million Stock Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Cumberland Partners Ltd lowered its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 50.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 2,500 shares of the financial services provider’s stock after selling 2,500 shares during the period. Cumberland Partners Ltd’s holdings in Kinsale Capital Group were worth $1,164,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in shares of Kinsale Capital Group in the first quarter valued at approximately $25,000. ORG Wealth Partners LLC acquired a new stake in shares of Kinsale Capital Group during the third quarter worth $26,000. UMB Bank n.a. boosted its position in shares of Kinsale Capital Group by 408.3% in the third quarter. UMB Bank n.a. now owns 61 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 49 shares during the period. Trust Co. of Vermont grew its stake in shares of Kinsale Capital Group by 113.6% in the second quarter. Trust Co. of Vermont now owns 94 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 50 shares in the last quarter. Finally, Signaturefd LLC increased its position in Kinsale Capital Group by 68.9% during the third quarter. Signaturefd LLC now owns 103 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 42 shares during the period. Institutional investors and hedge funds own 85.36% of the company’s stock.

Kinsale Capital Group Trading Down 0.9 %

KNSL opened at $471.83 on Wednesday. The company has a market cap of $10.99 billion, a P/E ratio of 26.90, a PEG ratio of 2.05 and a beta of 1.09. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average is $458.10 and its 200-day moving average is $426.54. Kinsale Capital Group, Inc. has a 1-year low of $325.01 and a 1-year high of $548.47.

Kinsale Capital Group (NYSE:KNSL) last issued its earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share for the quarter, beating analysts’ consensus estimates of $3.60 by $0.60. The firm had revenue of $418.06 million for the quarter, compared to analyst estimates of $359.43 million. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. The company’s quarterly revenue was up 33.0% on a year-over-year basis. During the same quarter last year, the business posted $3.31 earnings per share. Equities research analysts predict that Kinsale Capital Group, Inc. will post 15.52 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were issued a $0.15 dividend. The ex-dividend date was Thursday, August 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.13%. Kinsale Capital Group’s payout ratio is presently 3.42%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Royal Bank of Canada decreased their target price on shares of Kinsale Capital Group from $480.00 to $475.00 and set a “sector perform” rating on the stock in a research report on Monday, October 28th. Jefferies Financial Group raised their price objective on Kinsale Capital Group from $444.00 to $471.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Truist Financial reduced their target price on Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating on the stock in a report on Monday, October 28th. JPMorgan Chase & Co. dropped their price target on Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. 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 two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $455.88.

Kinsale Capital Group 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.