Kinsale Capital Group, Inc. $KNSL Position Trimmed by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust trimmed its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 56.5% during the third quarter, Holdings Channel reports. The firm owned 1,084 shares of the financial services provider’s stock after selling 1,408 shares during the quarter. Emerald Mutual Fund Advisers Trust’s holdings in Kinsale Capital Group were worth $461,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in shares of Kinsale Capital Group during the 2nd quarter valued at about $31,000. Root Financial Partners LLC bought a new position in Kinsale Capital Group in the third quarter worth about $33,000. Darwin Wealth Management LLC acquired a new position in Kinsale Capital Group in the second quarter valued at approximately $38,000. VSM Wealth Advisory LLC acquired a new position in Kinsale Capital Group in the second quarter valued at approximately $39,000. Finally, Eastern Bank bought a new position in shares of Kinsale Capital Group during the third quarter valued at approximately $43,000. 85.36% of the stock is currently owned by institutional investors.

Kinsale Capital Group Stock Up 0.1%

KNSL opened at $407.91 on Friday. The stock’s 50 day moving average price is $389.08 and its 200 day moving average price is $425.10. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.09 and a quick ratio of 0.09. The stock has a market cap of $9.49 billion, a P/E ratio of 20.03, a P/E/G ratio of 1.43 and a beta of 1.00. Kinsale Capital Group, Inc. has a 12 month low of $349.00 and a 12 month high of $512.76.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $5.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.79 by $0.42. Kinsale Capital Group had a return on equity of 25.66% and a net margin of 26.30%.The company had revenue of $497.51 million during the quarter, compared to analyst estimates of $446.00 million. During the same quarter in the previous year, the firm posted $4.20 EPS. The firm’s quarterly revenue was up 19.0% on a year-over-year basis. As a group, research analysts predict that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Friday, November 28th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, November 28th. Kinsale Capital Group’s dividend payout ratio is currently 3.34%.

Kinsale Capital Group announced that its Board of Directors has authorized a share repurchase program on Thursday, December 11th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the financial services provider to repurchase up to 2.8% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on KNSL shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Kinsale Capital Group in a research report on Monday, December 29th. Morgan Stanley restated an “overweight” rating on shares of Kinsale Capital Group in a research note on Tuesday, December 16th. TD Cowen cut their target price on Kinsale Capital Group from $448.00 to $442.00 and set a “hold” rating on the stock in a research note on Tuesday, November 4th. Royal Bank Of Canada assumed coverage on shares of Kinsale Capital Group in a report on Tuesday, November 25th. They set a “sector perform” rating and a $415.00 price target for the company. Finally, Wall Street Zen upgraded shares of Kinsale Capital Group from a “sell” rating to a “hold” rating in a research report on Sunday, December 14th. Four analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $476.60.

Kinsale Capital Group Company Profile

Kinsale Capital Group, Inc (NYSE:KNSL) is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Established in 2009, the company focuses on underwriting complex and underserved risks across the United States. Kinsale operates through a network of wholesale brokers and independent agencies, offering tailored coverage solutions for a range of niche industries.

The company’s product portfolio includes general liability, business auto, professional liability, environmental liability, inland marine, cyber liability, and other specialty lines.