Bessemer Group Inc. Acquires 2,254 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Bessemer Group Inc. grew its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 4.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,383 shares of the financial services provider's stock after buying an additional 2,254 shares during the quarter. Bessemer Group Inc. owned 0.25% of Kinsale Capital Group worth $27,157,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Kinsale Capital Group during the 4th quarter worth $25,000. Bank of Jackson Hole Trust bought a new stake in shares of Kinsale Capital Group in the fourth quarter valued at approximately $31,000. Larson Financial Group LLC boosted its holdings in Kinsale Capital Group by 7,400.0% in the 4th quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider's stock worth $35,000 after buying an additional 74 shares during the period. Allworth Financial LP grew its stake in Kinsale Capital Group by 450.0% in the 4th quarter. Allworth Financial LP now owns 88 shares of the financial services provider's stock valued at $39,000 after buying an additional 72 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in Kinsale Capital Group during the 4th quarter valued at $46,000. 85.36% of the stock is owned by institutional investors.

Kinsale Capital Group Price Performance

Shares of NYSE:KNSL traded up $3.09 during mid-day trading on Wednesday, reaching $487.30. The stock had a trading volume of 22,100 shares, compared to its average volume of 174,854. The company has a market cap of $11.34 billion, a P/E ratio of 27.39, a price-to-earnings-growth ratio of 1.66 and a beta of 1.16. The business's 50 day moving average price is $458.93 and its 200 day moving average price is $462.57. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12. Kinsale Capital Group, Inc. has a 1 year low of $355.12 and a 1 year high of $531.79.

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 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $412.12 million for the quarter, compared to analyst estimates of $418.32 million. Research 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 declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were paid 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 an increase from Kinsale Capital Group's previous quarterly dividend of $0.15. Kinsale Capital Group's payout ratio is currently 3.82%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. 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 research report on Friday, January 3rd. Morgan Stanley decreased their price objective 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. Royal Bank of Canada reiterated a "sector perform" rating and issued a $500.00 price objective on shares of Kinsale Capital Group in a report on Tuesday, February 18th. JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Finally, Truist Financial lifted their price objective on Kinsale Capital Group from $480.00 to $525.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Kinsale Capital Group has an average rating of "Hold" and a consensus price target of $468.56.

About Kinsale Capital Group

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.