Congress Asset Management Co. Has $23.65 Million Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Congress Asset Management Co. lifted its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 8.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,849 shares of the financial services provider's stock after purchasing an additional 3,783 shares during the period. Congress Asset Management Co. owned 0.22% of Kinsale Capital Group worth $23,652,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Nations Financial Group Inc. IA ADV boosted its holdings in Kinsale Capital Group by 2.5% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 1,595 shares of the financial services provider's stock valued at $742,000 after purchasing an additional 39 shares during the period. Rhumbline Advisers raised its position in shares of Kinsale Capital Group by 0.4% in the fourth quarter. Rhumbline Advisers now owns 67,092 shares of the financial services provider's stock valued at $31,206,000 after buying an additional 293 shares in the last quarter. Arcus Capital Partners LLC raised its position in shares of Kinsale Capital Group by 18.0% in the fourth quarter. Arcus Capital Partners LLC now owns 3,898 shares of the financial services provider's stock valued at $1,813,000 after buying an additional 596 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Kinsale Capital Group by 36.2% in the fourth quarter. Van ECK Associates Corp now owns 21,983 shares of the financial services provider's stock valued at $10,225,000 after buying an additional 5,839 shares during the period. Finally, Davidson Capital Management Inc. grew its position in Kinsale Capital Group by 4.4% during the fourth quarter. Davidson Capital Management Inc. now owns 7,519 shares of the financial services provider's stock worth $3,497,000 after buying an additional 318 shares in the last quarter. 85.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on KNSL. BMO Capital Markets lifted their price objective on Kinsale Capital Group from $445.00 to $461.00 and gave the company a "market perform" rating in a report on Thursday, November 21st. Truist Financial boosted their price target on Kinsale Capital Group from $480.00 to $525.00 and gave the company a "buy" rating in a research note on Tuesday. 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 report on Tuesday. Morgan Stanley decreased their target price on shares of Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. 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's stock. Based on data from MarketBeat, Kinsale Capital Group currently has a consensus rating of "Hold" and a consensus target price of $468.56.

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 shares were sold at an average price of $510.00, for a total transaction of $255,000.00. Following the sale, the executive vice president now directly owns 6,994 shares of the company's stock, valued at $3,566,940. The trade was a 6.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frederick L. Jr. Russell sold 4,440 shares of the firm's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $499.31, for a total transaction of $2,216,936.40. Following the transaction, the director now directly owns 447 shares of the company's stock, valued at $223,191.57. The trade was a 90.85 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,235 shares of company stock worth $3,618,954. Insiders own 5.60% of the company's stock.

Kinsale Capital Group Price Performance

NYSE KNSL traded up $1.73 during trading on Thursday, hitting $442.05. 200,576 shares of the company's stock were exchanged, compared to its average volume of 224,663. The company has a market cap of $10.29 billion, a PE ratio of 24.85, a P/E/G ratio of 1.63 and a beta of 1.15. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12. Kinsale Capital Group, Inc. has a fifty-two week low of $355.12 and a fifty-two week high of $548.47. The stock's 50 day moving average price is $455.49 and its two-hundred day moving average price is $465.68.

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 (EPS) for the quarter, topping analysts' consensus estimates of $4.23 by $0.39. The business had revenue of $412.12 million during 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%. Research analysts expect that Kinsale Capital Group, Inc. will post 18.06 EPS for the current year.

Kinsale Capital Group Increases Dividend

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

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.