Riverbridge Partners LLC Sells 7,507 Shares of Kinsale Capital Group, Inc. $KNSL

by · The Markets Daily

Riverbridge Partners LLC cut its stake in Kinsale Capital Group, Inc. (NYSE:KNSL – Free Report) by 4.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,023 shares of the financial services provider’s stock after selling 7,507 shares during the period. Kinsale Capital Group accounts for 1.7% of Riverbridge Partners LLC’s portfolio, making the stock its 17th largest position. Riverbridge Partners LLC owned approximately 0.79% of Kinsale Capital Group worth $57,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in KNSL. MGO One Seven LLC grew its holdings in Kinsale Capital Group by 2.7% during the 3rd quarter. MGO One Seven LLC now owns 1,113 shares of the financial services provider’s stock worth $359,000 after acquiring an additional 29 shares in the last quarter. Inspire Investing LLC raised its stake in shares of Kinsale Capital Group by 2.7% in the 3rd quarter. Inspire Investing LLC now owns 1,315 shares of the financial services provider’s stock valued at $424,000 after purchasing an additional 35 shares in the last quarter. Signaturefd LLC raised its stake in shares of Kinsale Capital Group by 56.5% in the 3rd quarter. Signaturefd LLC now owns 108 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 39 shares in the last quarter. Kingswood Wealth Advisors LLC raised its stake in shares of Kinsale Capital Group by 4.6% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 950 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 42 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its stake in shares of Kinsale Capital Group by 3.6% in the 1st quarter. Sanctuary Advisors LLC now owns 1,361 shares of the financial services provider’s stock valued at $465,000 after purchasing an additional 47 shares in the last quarter. 85.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Citigroup reaffirmed a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, October 23rd. Weiss Ratings raised Kinsale Capital Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, October 6th. JPMorgan Chase & Co. lowered their price objective on Kinsale Capital Group from $390.00 to $375.00 and set a “neutral” rating for the company in a report on Friday, October 9th. Morgan Stanley cut their price objective on Kinsale Capital Group from $390.00 to $350.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 6th. Finally, Cantor Fitzgerald increased their target price on Kinsale Capital Group from $264.00 to $285.00 and gave the stock a “neutral” rating in a report on Monday, October 26th. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $352.88.

Check Out Our Latest Stock Analysis on Kinsale Capital Group

Kinsale Capital Group Stock Performance

Kinsale Capital Group stock opened at $397.83 on Wednesday. The company has a market cap of $8.96 billion, a PE ratio of 17.42, a P/E/G ratio of 1.17 and a beta of 0.81. The company has a fifty day moving average price of $359.17 and a two-hundred day moving average price of $351.85. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.07 and a quick ratio of 0.07. Kinsale Capital Group, Inc. has a 12 month low of $287.20 and a 12 month high of $421.90.

Kinsale Capital Group (NYSE:KNSL – Get Free Report) last posted its earnings results on Thursday, October 22nd. The financial services provider reported $5.70 EPS for the quarter, beating the consensus estimate of $5.11 by $0.59. The company had revenue of $454.80 million during the quarter, compared to analyst estimates of $401.43 million. Kinsale Capital Group had a return on equity of 25.73% and a net margin of 26.89%. During the same period in the prior year, the company earned $5.21 earnings per share. Research analysts expect that Kinsale Capital Group, Inc. will post 21.98 earnings per share for the current year.

Kinsale Capital Group Company Profile

(Free Report)

Kinsale Capital Group, Inc. is a specialty insurance company focused on the excess and surplus lines market. Through its insurance subsidiaries, the company provides coverage for commercial risks that may be difficult to place in the standard insurance market. Its products include commercial property and casualty insurance, along with specialty coverages such as professional liability, excess liability, inland marine, and environmental insurance. Kinsale serves businesses and insurance brokers across the United States.

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