AlphaQuest LLC Reduces Stock Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

AlphaQuest LLC trimmed its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 94.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 85 shares of the financial services provider's stock after selling 1,551 shares during the period. AlphaQuest LLC's holdings in Kinsale Capital Group were worth $40,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Ballentine Partners LLC raised its holdings in Kinsale Capital Group by 4.6% in the 4th quarter. Ballentine Partners LLC now owns 573 shares of the financial services provider's stock worth $267,000 after purchasing an additional 25 shares in the last quarter. Caprock Group LLC increased its position in Kinsale Capital Group by 1.7% during the 4th quarter. Caprock Group LLC now owns 1,653 shares of the financial services provider's stock valued at $769,000 after buying an additional 28 shares in the last quarter. Fielder Capital Group LLC raised its stake in Kinsale Capital Group by 5.5% during the fourth quarter. Fielder Capital Group LLC now owns 595 shares of the financial services provider's stock valued at $277,000 after buying an additional 31 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of Kinsale Capital Group by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 716 shares of the financial services provider's stock worth $333,000 after purchasing an additional 36 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its holdings in Kinsale Capital Group by 5.1% in the third quarter. Fifth Third Wealth Advisors LLC now owns 763 shares of the financial services provider's stock worth $355,000 after buying an additional 37 shares during the last quarter. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

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

Kinsale Capital Group Stock Performance

Shares of NYSE:KNSL traded up $11.94 during mid-day trading on Monday, reaching $481.98. 164,556 shares of the company traded hands, compared to its average volume of 171,428. The company's 50 day moving average price is $447.17 and its 200-day moving average price is $460.26. The firm has a market cap of $11.22 billion, a PE ratio of 27.09, a PEG ratio of 1.66 and a beta of 1.25. Kinsale Capital Group, Inc. has a 52 week low of $355.12 and a 52 week high of $536.84. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09.

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

Kinsale Capital Group Increases Dividend

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