Quantbot Technologies LP Takes $1.85 Million Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Quantbot Technologies LP bought a new position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 3,971 shares of the financial services provider's stock, valued at approximately $1,847,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. State Street Corp increased its stake in Kinsale Capital Group by 1.3% in the 3rd quarter. State Street Corp now owns 689,386 shares of the financial services provider's stock worth $320,957,000 after purchasing an additional 8,954 shares during the period. Geode Capital Management LLC increased its stake in shares of Kinsale Capital Group by 5.9% in the third quarter. Geode Capital Management LLC now owns 528,708 shares of the financial services provider's stock worth $246,810,000 after buying an additional 29,686 shares during the period. DAVENPORT & Co LLC raised its stake in shares of Kinsale Capital Group by 9.6% during the fourth quarter. DAVENPORT & Co LLC now owns 511,869 shares of the financial services provider's stock valued at $238,193,000 after acquiring an additional 44,931 shares during the last quarter. DF Dent & Co. Inc. raised its position in Kinsale Capital Group by 3.0% during the 3rd quarter. DF Dent & Co. Inc. now owns 226,614 shares of the financial services provider's stock valued at $105,505,000 after purchasing an additional 6,679 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Kinsale Capital Group by 2.9% in the 4th quarter. Bank of New York Mellon Corp now owns 183,345 shares of the financial services provider's stock worth $85,279,000 after buying an additional 5,213 shares during the period. Institutional investors own 85.36% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities analysts recently commented on KNSL shares. JPMorgan Chase & Co. decreased their target price on Kinsale Capital Group from $415.00 to $412.00 and set a "neutral" rating for the company in a report on Friday, January 3rd. JMP Securities reiterated a "market perform" rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Morgan Stanley decreased their price target on shares of Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Truist Financial lifted their price objective on Kinsale Capital Group from $480.00 to $525.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $500.00 target price on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Kinsale Capital Group currently has an average rating of "Hold" and an average target price of $468.56.

Kinsale Capital Group Stock Up 1.3 %

Shares of NYSE KNSL traded up $6.20 during trading on Thursday, reaching $486.61. The company had a trading volume of 118,237 shares, compared to its average volume of 171,698. The business's 50-day moving average is $450.50 and its 200 day moving average is $460.69. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12. The stock has a market cap of $11.33 billion, a PE ratio of 27.35, a P/E/G ratio of 1.66 and a beta of 1.25. Kinsale Capital Group, Inc. has a 12-month low of $355.12 and a 12-month high of $534.67.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.23 by $0.39. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. The business had revenue of $412.12 million during the quarter, compared to analysts' expectations of $418.32 million. As a group, equities analysts forecast that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were given a $0.17 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This is a boost from Kinsale Capital Group's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 0.14%. Kinsale Capital Group's dividend payout ratio is 3.82%.

Kinsale Capital Group Company 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.