Dearborn Partners LLC Cuts Stake in Kinsale Capital Group, Inc. (NYSE:KNSL)

Dearborn Partners LLC decreased its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,863 shares of the financial services provider’s stock after selling 67 shares during the period. Dearborn Partners LLC’s holdings in Kinsale Capital Group were worth $1,332,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Kinsale Capital Group in the fourth quarter worth about $25,000. Bank of Jackson Hole Trust purchased a new stake in Kinsale Capital Group during the 4th quarter worth approximately $31,000. Larson Financial Group LLC raised its position in shares of Kinsale Capital Group by 7,400.0% in the 4th quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 74 shares in the last quarter. Allworth Financial LP raised its position in shares of Kinsale Capital Group by 450.0% in the 4th quarter. Allworth Financial LP now owns 88 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 72 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Kinsale Capital Group during the fourth quarter worth approximately $46,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

Analyst Upgrades and Downgrades

KNSL has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $500.00 target price on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. JMP Securities restated a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Morgan Stanley dropped their price objective on shares of Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Finally, BMO Capital Markets lifted their target price on Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a research note on Thursday, November 21st. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $468.56.

Kinsale Capital Group Stock Performance

Shares of KNSL stock opened at $449.05 on Tuesday. Kinsale Capital Group, Inc. has a 12-month low of $355.12 and a 12-month high of $536.84. The firm has a market capitalization of $10.45 billion, a price-to-earnings ratio of 25.24, a price-to-earnings-growth ratio of 1.66 and a beta of 1.25. The business has a 50 day simple moving average of $443.66 and a 200 day simple moving average of $462.13. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09.

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

Kinsale Capital Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be paid a dividend of $0.17 per share. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 0.15%. The ex-dividend date is Thursday, February 27th. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 3.82%.

Insider Transactions at Kinsale Capital Group

In related news, EVP Diane D. Schnupp sold 500 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 6,994 shares of the company’s stock, valued at $3,566,940. This represents a 6.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.60% of the company’s stock.

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.