Blair William & Co. IL Increases Stock Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Blair William & Co. IL lifted its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 5.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 80,629 shares of the financial services provider's stock after acquiring an additional 4,363 shares during the quarter. Blair William & Co. IL owned approximately 0.35% of Kinsale Capital Group worth $37,503,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Geode Capital Management LLC grew its stake in Kinsale Capital Group by 5.9% in the third quarter. Geode Capital Management LLC now owns 528,708 shares of the financial services provider's stock valued at $246,810,000 after purchasing an additional 29,686 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Kinsale Capital Group by 2.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 148,475 shares of the financial services provider's stock worth $69,126,000 after acquiring an additional 3,469 shares during the period. Empowered Funds LLC purchased a new position in shares of Kinsale Capital Group during the fourth quarter worth $1,071,000. Argent Capital Management LLC purchased a new stake in Kinsale Capital Group in the fourth quarter valued at $1,736,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Kinsale Capital Group during the 4th quarter worth about $46,000. Hedge funds and other institutional investors own 85.36% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on KNSL shares. JPMorgan Chase & Co. reduced their price objective on shares of 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. Morgan Stanley decreased their price target on shares of Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating on the stock in a research note on Friday, February 14th. Truist Financial raised their target price 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. JMP Securities reiterated a "market perform" rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $500.00 target price on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Kinsale Capital Group has an average rating of "Hold" and an average price target of $468.56.

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Kinsale Capital Group Stock Up 0.8 %

Kinsale Capital Group stock traded up $3.96 during mid-day trading on Tuesday, reaching $490.67. 27,582 shares of the company's stock were exchanged, compared to its average volume of 196,479. Kinsale Capital Group, Inc. has a twelve month low of $355.12 and a twelve month high of $531.79. The company has a fifty day moving average of $453.37 and a 200-day moving average of $461.21. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12. The company has a market cap of $11.42 billion, a P/E ratio of 27.58, a P/E/G ratio of 1.66 and a beta of 1.25.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its quarterly earnings data 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 return on equity of 28.04% and a net margin of 26.13%. The company had revenue of $412.12 million during the quarter, compared to analysts' expectations of $418.32 million. Sell-side analysts expect that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a 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 payout ratio 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.