Barclays PLC Boosts Stock Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Barclays PLC increased its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 58.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,629 shares of the financial services provider's stock after purchasing an additional 6,857 shares during the period. Barclays PLC owned 0.08% of Kinsale Capital Group worth $8,666,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LPL Financial LLC boosted its position in Kinsale Capital Group by 29.4% during the 4th quarter. LPL Financial LLC now owns 20,415 shares of the financial services provider's stock valued at $9,310,000 after acquiring an additional 4,644 shares in the last quarter. California Public Employees Retirement System lifted its stake in shares of Kinsale Capital Group by 11.8% during the 4th quarter. California Public Employees Retirement System now owns 39,341 shares of the financial services provider's stock worth $18,299,000 after purchasing an additional 4,146 shares during the last quarter. Empowered Funds LLC bought a new stake in Kinsale Capital Group during the fourth quarter valued at about $1,071,000. Charles Schwab Investment Management Inc. grew its stake in Kinsale Capital Group by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 152,445 shares of the financial services provider's stock valued at $70,907,000 after purchasing an additional 3,970 shares during the last quarter. Finally, Argent Capital Management LLC bought a new position in Kinsale Capital Group in the fourth quarter worth about $1,736,000. 85.36% of the stock is currently owned by institutional investors.

Kinsale Capital Group Stock Up 0.9 %

Kinsale Capital Group stock opened at $492.05 on Thursday. The business's 50-day simple moving average is $459.85 and its two-hundred day simple moving average is $463.02. 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 $11.45 billion, a PE ratio of 27.66, a PEG ratio of 1.66 and a beta of 1.16. Kinsale Capital Group, Inc. has a fifty-two week low of $355.12 and a fifty-two week high of $531.79.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its earnings results on Thursday, February 13th. The financial services provider reported $4.62 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. Equities analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on KNSL shares. Morgan Stanley cut their price objective on shares of Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Truist Financial upped their price target 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 reissued a "market perform" rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. JPMorgan Chase & Co. dropped their target price on 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. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $500.00 price target on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Kinsale Capital Group has a consensus rating of "Hold" and an average price target of $468.56.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.