Howland Capital Management LLC Sells 26,653 Shares of Kinsale Capital Group, Inc. $KNSL

Howland Capital Management LLC decreased its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL) by 45.3% during the third quarter, HoldingsChannel.com reports. The firm owned 32,223 shares of the financial services provider’s stock after selling 26,653 shares during the period. Howland Capital Management LLC’s holdings in Kinsale Capital Group were worth $10,400,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Bamco Inc. NY purchased a new position in Kinsale Capital Group during the 2nd quarter valued at about $878,600,000. BlackRock Inc. bought a new stake in shares of Kinsale Capital Group during the second quarter valued at about $671,457,000. Bank of America Corp DE bought a new stake in shares of Kinsale Capital Group during the second quarter valued at about $69,470,000. Bank of New York Mellon Corp purchased a new stake in shares of Kinsale Capital Group in the second quarter worth about $45,595,000. Finally, Turtle Creek Asset Management Inc. lifted its holdings in shares of Kinsale Capital Group by 47.6% in the first quarter. Turtle Creek Asset Management Inc. now owns 411,246 shares of the financial services provider’s stock worth $140,506,000 after buying an additional 132,576 shares in the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on KNSL. Cantor Fitzgerald boosted their price objective on shares of Kinsale Capital Group from $259.00 to $264.00 and gave the company a “neutral” rating in a research note on Wednesday, October 7th. Morgan Stanley lowered their target price on shares of 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. Weiss Ratings raised shares of Kinsale Capital Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, October 6th. JPMorgan Chase & Co. reduced their price target on shares of Kinsale Capital Group from $390.00 to $375.00 and set a “neutral” rating for the company in a research report on Friday, October 9th. Finally, Wells Fargo & Company reduced their price target on shares of Kinsale Capital Group from $377.00 to $348.00 and set an “equal weight” rating for the company in a research report on Monday, October 12th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $357.67.

Kinsale Capital Group Price Performance

KNSL opened at $390.85 on Friday. The stock has a 50-day moving average price of $360.05 and a 200-day moving average price of $342.13. Kinsale Capital Group, Inc. has a 12-month low of $287.20 and a 12-month high of $462.82. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $8.90 billion, a P/E ratio of 17.38, a PEG ratio of 1.19 and a beta of 0.88.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $5.70 earnings per share for the quarter, beating analysts’ consensus estimates of $5.11 by $0.59. The company had revenue of $454.80 million for the quarter, compared to analysts’ expectations of $401.43 million. Kinsale Capital Group had a return on equity of 25.54% and a net margin of 28.49%. During the same period last year, the firm posted $5.21 EPS. Equities analysts predict that Kinsale Capital Group, Inc. will post 21.17 earnings per share for the current fiscal year.

Kinsale Capital Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Friday, August 28th were given 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 was Friday, August 28th. Kinsale Capital Group’s dividend payout ratio (DPR) is presently 4.05%.

About Kinsale Capital Group

Kinsale Capital Group, Inc is a specialty insurance company headquartered in Richmond, Virginia. Through its insurance subsidiaries, the company focuses primarily on the excess and surplus lines market, providing coverage for risks that may be difficult to insure through standard commercial insurance channels.

Kinsale offers a range of commercial property and casualty products, including coverage for commercial property, general liability, professional liability, inland marine, commercial auto, workers’ compensation and other specialty risks.