Connor Clark & Lunn Investment Management Ltd. acquired a new position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,886 shares of the financial services provider's stock, valued at approximately $877,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in KNSL. Migdal Insurance & Financial Holdings Ltd. bought a new position in Kinsale Capital Group during the fourth quarter worth $25,000. Bank of Jackson Hole Trust bought a new position in shares of Kinsale Capital Group during the 4th quarter worth about $31,000. Larson Financial Group LLC boosted its position in shares of 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 worth $35,000 after purchasing an additional 74 shares in the last quarter. Allworth Financial LP grew its stake in shares of Kinsale Capital Group by 450.0% in the 4th 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 Kinsale Capital Group in the 4th quarter valued at about $46,000. 85.36% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts have issued reports on KNSL shares. Morgan Stanley cut their price target on Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. JPMorgan Chase & Co. reduced their price target on shares of Kinsale Capital Group from $415.00 to $412.00 and set a "neutral" rating for the company in a research report on Friday, January 3rd. Royal Bank of Canada restated a "sector perform" rating and set a $500.00 price objective on shares of Kinsale Capital Group in a report on Tuesday, February 18th. JMP Securities reiterated a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Finally, Truist Financial boosted their target price on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $468.56.
Get Our Latest Analysis on KNSL
Kinsale Capital Group Stock Up 0.5 %
Shares of KNSL traded up $2.65 during trading hours on Tuesday, reaching $485.35. 168,913 shares of the stock traded hands, compared to its average volume of 171,424. Kinsale Capital Group, Inc. has a 52 week low of $355.12 and a 52 week high of $536.84. The company has a market cap of $11.30 billion, a price-to-earnings ratio of 27.28, a PEG ratio of 1.66 and a beta of 1.25. The stock has a fifty day simple moving average of $448.46 and a 200 day simple moving average of $460.38. 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 (NYSE:KNSL - Get Free Report) last posted its earnings results on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, topping the consensus estimate of $4.23 by $0.39. The firm 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, equities analysts forecast that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.
Kinsale Capital Group Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were given a $0.17 dividend. The ex-dividend date was Thursday, February 27th. This represents a $0.68 annualized dividend and a 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%.
Kinsale Capital Group Company Profile
(
Free Report)
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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