Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Purchased by Alliancebernstein L.P.

Alliancebernstein L.P. lifted its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 486.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 214,045 shares of the financial services provider's stock after buying an additional 177,540 shares during the period. Alliancebernstein L.P. owned approximately 0.92% of Kinsale Capital Group worth $99,559,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in KNSL. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Kinsale Capital Group by 5.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,982 shares of the financial services provider's stock valued at $1,854,000 after purchasing an additional 223 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of Kinsale Capital Group by 2.3% during the third quarter. Captrust Financial Advisors now owns 2,643 shares of the financial services provider's stock worth $1,231,000 after purchasing an additional 59 shares during the period. Verition Fund Management LLC boosted its position in Kinsale Capital Group by 451.2% in the third quarter. Verition Fund Management LLC now owns 3,952 shares of the financial services provider's stock valued at $1,840,000 after buying an additional 3,235 shares during the last quarter. Benjamin Edwards Inc. raised its position in Kinsale Capital Group by 236.3% during the 3rd quarter. Benjamin Edwards Inc. now owns 898 shares of the financial services provider's stock worth $418,000 after buying an additional 631 shares during the last quarter. Finally, Centiva Capital LP acquired a new stake in shares of Kinsale Capital Group in the third quarter worth $1,074,000. 85.36% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of equities analysts have weighed in on KNSL shares. Royal Bank of Canada restated a "sector perform" rating and set a $500.00 price objective on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. Morgan Stanley reduced 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 report on Friday, February 14th. JPMorgan Chase & Co. lowered their price objective on Kinsale Capital Group from $415.00 to $412.00 and set a "neutral" rating on the stock in a report on Friday, January 3rd. Truist Financial increased their target price on Kinsale Capital Group from $480.00 to $525.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $468.56.

Kinsale Capital Group Trading Down 4.3 %

KNSL traded down $19.61 on Monday, hitting $439.50. The company had a trading volume of 116,042 shares, compared to its average volume of 174,204. The company's fifty day moving average price is $457.25 and its 200 day moving average price is $461.99. Kinsale Capital Group, Inc. has a 1 year low of $355.12 and a 1 year high of $531.79. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12. The firm has a market cap of $10.23 billion, a P/E ratio of 24.71, a PEG ratio of 1.66 and a beta of 1.16.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, topping analysts' consensus estimates of $4.23 by $0.39. The company had revenue of $412.12 million for the quarter, compared to analysts' expectations of $418.32 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. As a group, equities 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 announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, February 27th. This is a positive change from Kinsale Capital Group's previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 0.15%. 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.