Champlain Investment Partners LLC Has $150.28 Million Stock Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Champlain Investment Partners LLC lowered its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 8.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 323,100 shares of the financial services provider's stock after selling 29,975 shares during the period. Champlain Investment Partners LLC owned 1.39% of Kinsale Capital Group worth $150,284,000 as of its most recent filing with the SEC.

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

Kinsale Capital Group Price Performance

Shares of NYSE:KNSL opened at $485.15 on Thursday. The firm has a 50 day simple moving average of $458.85 and a 200 day simple moving average of $462.72. The company has a market cap of $11.29 billion, a price-to-earnings ratio of 27.27, a PEG ratio of 1.66 and a beta of 1.16. Kinsale Capital Group, Inc. has a one year low of $355.12 and a one year high of $531.79. 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 (NYSE:KNSL - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $412.12 million for the quarter, compared to the consensus estimate of $418.32 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. Research 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 was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date of this dividend was Thursday, February 27th. This is a positive change from Kinsale Capital Group's previous quarterly dividend of $0.15. Kinsale Capital Group's dividend payout ratio (DPR) is 3.82%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. lowered their price target 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. JMP Securities reaffirmed a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Morgan Stanley cut their price target on Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Truist Financial raised their price objective on Kinsale Capital Group from $480.00 to $525.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $500.00 target price on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. Eight research 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, the stock has an average rating of "Hold" and a consensus price target of $468.56.

Kinsale Capital Group 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.

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