Arrowstreet Capital Limited Partnership Invests $3.75 Million in Kinsale Capital Group, Inc. (NYSE:KNSL)

Arrowstreet Capital Limited Partnership bought a new position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,054 shares of the financial services provider's stock, valued at approximately $3,746,000.

Several other large investors have also modified their holdings of the business. HighTower Advisors LLC boosted its holdings in Kinsale Capital Group by 68.9% in the third quarter. HighTower Advisors LLC now owns 9,999 shares of the financial services provider's stock valued at $4,619,000 after purchasing an additional 4,078 shares during the period. Integrated Wealth Concepts LLC raised its holdings in shares of Kinsale Capital Group by 42.7% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 1,274 shares of the financial services provider's stock valued at $593,000 after purchasing an additional 381 shares in the last quarter. Quantinno Capital Management LP lifted its position in shares of Kinsale Capital Group by 13.9% during the 3rd quarter. Quantinno Capital Management LP now owns 943 shares of the financial services provider's stock worth $439,000 after purchasing an additional 115 shares during the last quarter. Stifel Financial Corp increased its holdings in Kinsale Capital Group by 5.1% in the third quarter. Stifel Financial Corp now owns 16,760 shares of the financial services provider's stock valued at $7,803,000 after buying an additional 806 shares during the last quarter. Finally, State Street Corp raised its stake in Kinsale Capital Group by 1.3% in the third quarter. State Street Corp now owns 689,386 shares of the financial services provider's stock valued at $320,957,000 after buying an additional 8,954 shares in the last quarter. Institutional investors and hedge funds own 85.36% of the company's stock.

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Kinsale Capital Group Price Performance

KNSL traded up $8.10 during midday trading on Monday, reaching $490.44. 6,023 shares of the company's stock were exchanged, compared to its average volume of 175,032. Kinsale Capital Group, Inc. has a 1-year low of $355.12 and a 1-year high of $531.79. The stock has a market capitalization of $11.42 billion, a PE ratio of 27.35, a P/E/G ratio of 1.66 and a beta of 1.16. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09. The business's 50-day moving average price is $459.17 and its 200 day moving average price is $462.25.

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 (EPS) for the quarter, beating analysts' consensus estimates of $4.23 by $0.39. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The firm had revenue of $412.12 million for the quarter, compared to analyst estimates of $418.32 million. As a group, equities analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were paid a $0.17 dividend. 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. This represents a $0.68 annualized dividend and a yield of 0.14%. Kinsale Capital Group's payout ratio is presently 3.82%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Truist Financial raised their target price on Kinsale Capital Group from $480.00 to $525.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. JPMorgan Chase & Co. cut their price target on shares of Kinsale Capital Group from $415.00 to $412.00 and set a "neutral" rating on the stock in a research note on Friday, January 3rd. 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. Finally, Morgan Stanley reduced their price objective 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, Kinsale Capital Group has an average rating of "Hold" and an average price target of $468.56.

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.