Victory Capital Management Inc. Has $4.40 Million Stock Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Victory Capital Management Inc. decreased its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 55.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,440 shares of the financial services provider’s stock after selling 11,723 shares during the period. Victory Capital Management Inc.’s holdings in Kinsale Capital Group were worth $4,395,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in KNSL. Benjamin Edwards Inc. boosted its holdings in shares of Kinsale Capital Group by 9.9% during the 2nd quarter. Benjamin Edwards Inc. now owns 267 shares of the financial services provider’s stock worth $103,000 after buying an additional 24 shares in the last quarter. Leibman Financial Services Inc. lifted its position in shares of Kinsale Capital Group by 0.5% during the 3rd quarter. Leibman Financial Services Inc. now owns 4,562 shares of the financial services provider’s stock valued at $2,124,000 after acquiring an additional 24 shares during the period. Parkside Financial Bank & Trust boosted its stake in Kinsale Capital Group by 9.2% during the second quarter. Parkside Financial Bank & Trust now owns 331 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 28 shares in the last quarter. CWM LLC grew its holdings in Kinsale Capital Group by 8.8% in the third quarter. CWM LLC now owns 406 shares of the financial services provider’s stock worth $189,000 after purchasing an additional 33 shares during the period. Finally, Hancock Whitney Corp grew its holdings in Kinsale Capital Group by 3.1% in the first quarter. Hancock Whitney Corp now owns 1,245 shares of the financial services provider’s stock worth $653,000 after purchasing an additional 38 shares during the period. Institutional investors and hedge funds own 85.36% of the company’s stock.

Kinsale Capital Group Price Performance

Shares of NYSE:KNSL opened at $498.96 on Friday. 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 stock has a market cap of $11.62 billion, a PE ratio of 28.49, a price-to-earnings-growth ratio of 2.02 and a beta of 1.09. The stock’s fifty day simple moving average is $459.56 and its two-hundred day simple moving average is $431.44. 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 released its quarterly 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. Kinsale Capital Group had a net margin of 26.80% and a return on equity of 28.87%. The company had revenue of $418.06 million for the quarter, compared to analyst estimates of $359.43 million. During the same period last year, the firm earned $3.31 earnings per share. The firm’s revenue was up 33.0% on a year-over-year basis. As a group, analysts forecast that Kinsale Capital Group, Inc. will post 15.52 EPS for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.12%. Kinsale Capital Group’s payout ratio is presently 3.42%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group upped their price objective on shares of Kinsale Capital Group from $444.00 to $471.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Wolfe Research upgraded Kinsale Capital Group from a “peer perform” rating to an “outperform” rating and set a $535.00 price target on the stock in a report on Monday, October 28th. Truist Financial reduced their price objective on Kinsale Capital Group from $530.00 to $500.00 and set a “buy” rating for the company in a research note on Monday, October 28th. JPMorgan Chase & Co. lowered their target price on Kinsale Capital Group from $426.00 to $420.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Finally, BMO Capital Markets lifted their price target on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the company a “market perform” rating in a research report on Thursday. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Kinsale Capital Group has an average rating of “Hold” and a consensus price target of $456.88.

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.