CIBC Private Wealth Group LLC Sells 5,889 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

CIBC Private Wealth Group LLC reduced its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 3.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 192,303 shares of the financial services provider's stock after selling 5,889 shares during the quarter. CIBC Private Wealth Group LLC owned approximately 0.83% of Kinsale Capital Group worth $89,446,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in KNSL. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Kinsale Capital Group in the fourth quarter worth $25,000. Bank of Jackson Hole Trust purchased a new stake in shares of Kinsale Capital Group in the 4th quarter worth about $31,000. Larson Financial Group LLC lifted its position in shares of 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 purchasing an additional 74 shares during the period. Allworth Financial LP boosted its stake in shares of Kinsale Capital Group by 450.0% during the 4th quarter. Allworth Financial LP now owns 88 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 72 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Kinsale Capital Group during the fourth quarter valued at about $46,000. Hedge funds and other institutional investors own 85.36% of the company's stock.

Kinsale Capital Group Stock Up 0.3 %

Kinsale Capital Group stock traded up $1.30 during mid-day trading on Tuesday, reaching $488.01. The stock had a trading volume of 159,194 shares, compared to its average volume of 175,221. Kinsale Capital Group, Inc. has a one year low of $355.12 and a one year high of $531.79. The company has a 50-day moving average price of $454.36 and a two-hundred day moving average price of $461.38. The company has a market capitalization of $11.36 billion, a price-to-earnings ratio of 27.43, a PEG 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.

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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. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. The firm had revenue of $412.12 million for the quarter, compared to the consensus estimate of $418.32 million. On average, analysts expect that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

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

Wall Street Analysts Forecast Growth

KNSL has been the subject of several research analyst reports. Morgan Stanley lowered their price objective on shares of Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating for the company in a report on Friday, February 14th. JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $500.00 price target on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. Truist Financial boosted their target price on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. reduced 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. 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.com, Kinsale Capital Group currently has a consensus rating of "Hold" and an average 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.