Cerity Partners LLC Purchases 4,340 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Cerity Partners LLC raised its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 68.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,641 shares of the financial services provider's stock after purchasing an additional 4,340 shares during the quarter. Cerity Partners LLC's holdings in Kinsale Capital Group were worth $4,952,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KNSL. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Kinsale Capital Group in the fourth quarter valued at $25,000. Bank of Jackson Hole Trust bought a new position in Kinsale Capital Group in the 4th quarter worth about $31,000. Larson Financial Group LLC grew its holdings in Kinsale Capital Group by 7,400.0% during the 4th quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider's stock valued at $35,000 after buying an additional 74 shares in the last quarter. Allworth Financial LP increased its position in shares of Kinsale Capital Group by 450.0% during the fourth 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 during the period. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Kinsale Capital Group during the fourth quarter valued at about $46,000. Institutional investors own 85.36% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on KNSL. Royal Bank of Canada reaffirmed 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. Morgan Stanley reduced their price target on shares of Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. Truist Financial increased their price objective 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. JPMorgan Chase & Co. dropped their price objective on Kinsale Capital Group from $415.00 to $412.00 and set a "neutral" rating for the company in a research note on Friday, January 3rd. Finally, JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Eight research 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, the stock currently has a consensus rating of "Hold" and an average price target of $468.56.

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Kinsale Capital Group Trading Up 0.7 %

NYSE KNSL opened at $481.79 on Friday. 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 stock's 50-day simple moving average is $459.17 and its two-hundred day simple moving average is $462.17. Kinsale Capital Group, Inc. has a twelve month low of $355.12 and a twelve month high of $531.79. The company has a market capitalization of $11.21 billion, a price-to-earnings ratio of 27.08, a PEG ratio of 1.66 and a beta of 1.16.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported $4.62 earnings per share for the quarter, beating analysts' consensus estimates 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 return on equity of 28.04% and a net margin of 26.13%. Research analysts forecast that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

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

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.

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