DF Dent & Co. Inc. Raises Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

DF Dent & Co. Inc. lifted its position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 8.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 245,560 shares of the financial services provider's stock after purchasing an additional 18,946 shares during the quarter. Kinsale Capital Group comprises approximately 1.4% of DF Dent & Co. Inc.'s portfolio, making the stock its 26th largest holding. DF Dent & Co. Inc. owned approximately 1.05% of Kinsale Capital Group worth $114,218,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Kinsale Capital Group during the fourth quarter worth approximately $25,000. Bank of Jackson Hole Trust purchased a new position in Kinsale Capital Group in the 4th quarter worth approximately $31,000. Larson Financial Group LLC increased its stake in shares of Kinsale Capital Group by 7,400.0% in the fourth quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider's stock worth $35,000 after buying an additional 74 shares during the period. Allworth Financial LP increased its stake 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. purchased a new position in Kinsale Capital Group during the 4th quarter valued at $46,000. Hedge funds and other institutional investors own 85.36% of the company's stock.

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Kinsale Capital Group Stock Performance

Kinsale Capital Group stock traded up $18.22 during mid-day trading on Tuesday, reaching $458.67. 50,817 shares of the stock traded hands, compared to its average volume of 174,653. Kinsale Capital Group, Inc. has a 12-month low of $355.12 and a 12-month high of $531.79. The stock has a market capitalization of $10.68 billion, a PE ratio of 25.98, a price-to-earnings-growth ratio of 1.66 and a beta of 1.16. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09. The business's 50-day moving average is $457.20 and its 200-day moving average is $461.90.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $4.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.23 by $0.39. The firm had revenue of $412.12 million during the quarter, compared to the consensus estimate of $418.32 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. As a group, sell-side analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were paid a $0.17 dividend. This is an increase 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 yield of 0.15%. Kinsale Capital Group's payout ratio is presently 3.82%.

Wall Street Analyst Weigh In

Several research firms have weighed in on KNSL. Morgan Stanley cut their price objective on Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. 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. Truist Financial lifted their price target on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Finally, Royal Bank of Canada restated 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. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus 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.