Bridges Investment Management Inc. Raises Stake in Kinsale Capital Group, Inc. (NYSE:KNSL)

Bridges Investment Management Inc. boosted its stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 42.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,376 shares of the financial services provider's stock after purchasing an additional 709 shares during the quarter. Bridges Investment Management Inc.'s holdings in Kinsale Capital Group were worth $1,105,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Kinsale Capital Group in the 4th quarter valued at about $25,000. Bank of Jackson Hole Trust bought a new stake in Kinsale Capital Group during the fourth quarter worth about $31,000. Allworth Financial LP boosted its stake in Kinsale Capital Group by 450.0% in the fourth quarter. Allworth Financial LP now owns 88 shares of the financial services provider's stock worth $39,000 after buying an additional 72 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Kinsale Capital Group by 67.2% during the fourth quarter. UMB Bank n.a. now owns 102 shares of the financial services provider's stock worth $47,000 after acquiring an additional 41 shares in the last quarter. Finally, Mather Group LLC. lifted its holdings in shares of Kinsale Capital Group by 43.6% in the 4th quarter. Mather Group LLC. now owns 168 shares of the financial services provider's stock worth $78,000 after acquiring an additional 51 shares during the last quarter. Institutional investors own 85.36% of the company's stock.

Kinsale Capital Group Stock Down 1.1 %

Shares of KNSL stock traded down $4.85 during mid-day trading on Thursday, hitting $432.86. The stock had a trading volume of 70,432 shares, compared to its average volume of 171,762. The firm has a market capitalization of $10.08 billion, a P/E ratio of 24.28, a price-to-earnings-growth ratio of 1.66 and a beta of 1.25. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09. Kinsale Capital Group, Inc. has a 12-month low of $355.12 and a 12-month high of $548.47. The firm's 50-day moving average is $445.21 and its two-hundred day moving average is $463.06.

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Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.23 by $0.39. The company had revenue of $412.12 million for the quarter, compared to analysts' expectations of $418.32 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. On average, analysts predict that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be issued 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 is Thursday, February 27th. This represents a $0.68 dividend on an annualized basis and a yield of 0.16%. Kinsale Capital Group's dividend payout ratio is presently 3.82%.

Insider Activity

In other Kinsale Capital Group news, EVP Diane D. Schnupp sold 500 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $510.00, for a total value of $255,000.00. Following the sale, the executive vice president now owns 6,994 shares of the company's stock, valued at $3,566,940. The trade was a 6.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 5.60% of the company's stock.

Wall Street Analyst Weigh In

KNSL has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their target price on shares of 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. Truist Financial lifted their price objective on Kinsale Capital Group from $480.00 to $525.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. BMO Capital Markets raised their price target on Kinsale Capital Group from $445.00 to $461.00 and gave the stock a "market perform" rating in a research report on Thursday, November 21st. Royal Bank of Canada reissued a "sector perform" rating and set a $500.00 price objective on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. Finally, JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. 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 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.