Next Century Growth Investors LLC Sells 21,941 Shares of Kinsale Capital Group, Inc. $KNSL

Next Century Growth Investors LLC decreased its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 55.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,833 shares of the financial services provider’s stock after selling 21,941 shares during the period. Next Century Growth Investors LLC’s holdings in Kinsale Capital Group were worth $6,975,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vident Advisory LLC raised its stake in Kinsale Capital Group by 2.9% during the 2nd quarter. Vident Advisory LLC now owns 825 shares of the financial services provider’s stock worth $399,000 after acquiring an additional 23 shares during the period. Kingswood Wealth Advisors LLC raised its stake in Kinsale Capital Group by 3.3% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 867 shares of the financial services provider’s stock worth $339,000 after acquiring an additional 28 shares during the period. Smartleaf Asset Management LLC raised its stake in Kinsale Capital Group by 20.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 162 shares of the financial services provider’s stock worth $77,000 after acquiring an additional 28 shares during the period. Signaturefd LLC raised its stake in Kinsale Capital Group by 39.0% during the 4th quarter. Signaturefd LLC now owns 107 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 30 shares during the period. Finally, CWM LLC raised its stake in Kinsale Capital Group by 5.3% during the 4th quarter. CWM LLC now owns 592 shares of the financial services provider’s stock worth $232,000 after acquiring an additional 30 shares during the period. Institutional investors own 85.36% of the company’s stock.

Insider Buying and Selling at Kinsale Capital Group

In other Kinsale Capital Group news, insider Salmaan K. Allibhai sold 250 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $311.17, for a total transaction of $77,792.50. Following the completion of the sale, the insider directly owned 3,645 shares of the company’s stock, valued at $1,134,214.65. This trade represents a 6.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Christopher R. Tangard acquired 330 shares of the business’s stock in a transaction on Monday, June 8th. The shares were bought at an average cost of $304.00 per share, with a total value of $100,320.00. Following the completion of the acquisition, the chief accounting officer owned 380 shares in the company, valued at approximately $115,520. This represents a 660.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 5.60% of the company’s stock.

Kinsale Capital Group Trading Down 0.0%

Shares of KNSL opened at $311.29 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.10 and a quick ratio of 0.10. Kinsale Capital Group, Inc. has a 1 year low of $287.20 and a 1 year high of $512.76. The company has a 50 day simple moving average of $323.98 and a two-hundred day simple moving average of $360.60. The firm has a market cap of $7.18 billion, a P/E ratio of 13.70, a price-to-earnings-growth ratio of 1.01 and a beta of 0.91.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $5.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.70 by $0.41. Kinsale Capital Group had a net margin of 27.48% and a return on equity of 25.82%. The business had revenue of $466.71 million during the quarter, compared to analyst estimates of $410.25 million. During the same period last year, the firm posted $3.71 EPS. The company’s revenue was down .5% on a year-over-year basis. On average, equities analysts expect that Kinsale Capital Group, Inc. will post 20.54 earnings per share for the current fiscal year.

Kinsale Capital Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Thursday, May 28th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Thursday, May 28th. Kinsale Capital Group’s dividend payout ratio (DPR) is 4.40%.

Analysts Set New Price Targets

KNSL has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of Kinsale Capital Group from a “hold” rating to a “sell” rating in a research note on Saturday, June 6th. Weiss Ratings cut shares of Kinsale Capital Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, April 27th. JPMorgan Chase & Co. decreased their target price on shares of Kinsale Capital Group from $450.00 to $410.00 and set a “neutral” rating on the stock in a research note on Monday, February 23rd. Truist Financial cut their price objective on shares of Kinsale Capital Group from $450.00 to $405.00 and set a “buy” rating for the company in a report on Monday, April 27th. Finally, Royal Bank Of Canada cut their price objective on shares of Kinsale Capital Group from $385.00 to $375.00 and set a “sector perform” rating for the company in a report on Monday, April 27th. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $390.18.

About Kinsale Capital Group

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.