Atria Wealth Solutions Inc. Sells 235 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Atria Wealth Solutions Inc. cut its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL) by 7.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,752 shares of the financial services provider’s stock after selling 235 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Kinsale Capital Group were worth $1,280,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. CIBC Asset Management Inc boosted its stake in Kinsale Capital Group by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 716 shares of the financial services provider’s stock worth $333,000 after acquiring an additional 36 shares in the last quarter. Pittenger & Anderson Inc. boosted its position in shares of Kinsale Capital Group by 29.6% in the 4th quarter. Pittenger & Anderson Inc. now owns 1,971 shares of the financial services provider’s stock worth $917,000 after purchasing an additional 450 shares in the last quarter. Americana Partners LLC grew its stake in shares of Kinsale Capital Group by 6.3% in the 4th quarter. Americana Partners LLC now owns 850 shares of the financial services provider’s stock worth $395,000 after buying an additional 50 shares during the last quarter. Strategic Advisors LLC increased its position in Kinsale Capital Group by 0.8% during the 4th quarter. Strategic Advisors LLC now owns 5,247 shares of the financial services provider’s stock valued at $2,441,000 after buying an additional 40 shares in the last quarter. Finally, Allworth Financial LP raised its stake in Kinsale Capital Group by 450.0% during the fourth quarter. Allworth Financial LP now owns 88 shares of the financial services provider’s stock valued at $39,000 after buying an additional 72 shares during the last quarter. 85.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on KNSL. Morgan Stanley cut their target price on 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. Truist Financial increased their price objective on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. JMP Securities reaffirmed a “market perform” rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Wolfe Research upgraded shares of 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. Finally, BMO Capital Markets boosted their price objective on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the stock a “market perform” rating in a report on Thursday, November 21st. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $468.56.

Insider Transactions at Kinsale Capital Group

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 500 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $510.00, for a total value of $255,000.00. Following the completion of the sale, the executive vice president now owns 6,994 shares in the company, valued at $3,566,940. This represents a 6.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director James Joseph Ritchie sold 2,295 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $499.79, for a total value of $1,147,018.05. Following the completion of the transaction, the director now directly owns 7,348 shares in the company, valued at $3,672,456.92. This trade represents a 23.80 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

Kinsale Capital Group Trading Down 2.9 %

Shares of KNSL stock opened at $428.74 on Monday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12. Kinsale Capital Group, Inc. has a 12-month low of $355.12 and a 12-month high of $548.47. The stock has a market capitalization of $9.99 billion, a P/E ratio of 24.10, a P/E/G ratio of 1.66 and a beta of 1.15. The firm’s 50 day moving average is $452.64 and its 200 day moving average is $465.46.

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

Kinsale Capital Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $0.68 annualized dividend and a dividend yield of 0.16%. This is a positive change from Kinsale Capital Group’s previous quarterly dividend of $0.15. Kinsale Capital Group’s dividend payout ratio is presently 3.37%.

About Kinsale Capital Group

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.