American Century Companies Inc. Acquires 12,490 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

American Century Companies Inc. grew its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 8.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 154,168 shares of the financial services provider's stock after purchasing an additional 12,490 shares during the period. American Century Companies Inc. owned approximately 0.66% of Kinsale Capital Group worth $71,709,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Geode Capital Management LLC grew its position in shares of Kinsale Capital Group by 5.9% in the 3rd 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. Swedbank AB grew its holdings in Kinsale Capital Group by 5.0% in the third quarter. Swedbank AB now owns 42,060 shares of the financial services provider's stock worth $19,582,000 after purchasing an additional 2,010 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Kinsale Capital Group by 2.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 148,475 shares of the financial services provider's stock valued at $69,126,000 after purchasing an additional 3,469 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Kinsale Capital Group during the fourth quarter valued at approximately $1,071,000. Finally, Argent Capital Management LLC purchased a new position in shares of Kinsale Capital Group during the fourth quarter valued at approximately $1,736,000. Hedge funds and other institutional investors own 85.36% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages have recently weighed in on KNSL. Morgan Stanley reduced their price target on Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Truist Financial raised their price objective on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. decreased their target price on shares of Kinsale Capital Group from $415.00 to $412.00 and set a "neutral" rating for the company in a report on Friday, January 3rd. Royal Bank of Canada reiterated a "sector perform" rating and set a $500.00 price target on shares of Kinsale Capital Group in a report on Tuesday, February 18th. Finally, JMP Securities reissued a "market perform" rating on shares of Kinsale Capital Group in a research report 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $468.56.

Kinsale Capital Group Price Performance

Shares of KNSL traded down $4.58 during mid-day trading on Friday, hitting $482.17. 106,207 shares of the stock were exchanged, compared to its average volume of 175,001. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. The company has a market cap of $11.22 billion, a PE ratio of 27.10, a price-to-earnings-growth 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 $531.79. The firm has a 50-day moving average of $452.38 and a two-hundred day moving average of $460.96.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its 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. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. The firm had revenue of $412.12 million for the quarter, compared to the consensus estimate of $418.32 million. On average, equities analysts predict 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 declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.14%. This is an increase from Kinsale Capital Group's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, February 27th. Kinsale Capital Group's dividend payout ratio is presently 3.82%.

Kinsale Capital Group 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.