Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Acquired by Donaldson Capital Management LLC

Donaldson Capital Management LLC raised its position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 5.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,213 shares of the financial services provider's stock after acquiring an additional 625 shares during the period. Donaldson Capital Management LLC's holdings in Kinsale Capital Group were worth $5,216,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Geode Capital Management LLC boosted its position in shares of Kinsale Capital Group by 5.9% in the 3rd quarter. Geode Capital Management LLC now owns 528,708 shares of the financial services provider's stock worth $246,810,000 after purchasing an additional 29,686 shares during the last quarter. Avior Wealth Management LLC grew its holdings in Kinsale Capital Group by 7,392.9% during the third quarter. Avior Wealth Management LLC now owns 1,049 shares of the financial services provider's stock worth $488,000 after purchasing an additional 1,035 shares during the period. Geneva Capital Management LLC boosted its holdings in shares of Kinsale Capital Group by 1.3% during the third quarter. Geneva Capital Management LLC now owns 407,831 shares of the financial services provider's stock worth $189,874,000 after acquiring an additional 5,207 shares during the period. Swedbank AB raised its position in shares of Kinsale Capital Group by 5.0% in the third quarter. Swedbank AB now owns 42,060 shares of the financial services provider's stock valued at $19,582,000 after buying an additional 2,010 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Kinsale Capital Group by 2.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 148,475 shares of the financial services provider's stock valued at $69,126,000 after buying an additional 3,469 shares in the last quarter. 85.36% of the stock is owned by institutional investors and hedge funds.

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Kinsale Capital Group Price Performance

Shares of Kinsale Capital Group stock traded up $16.04 on Friday, reaching $455.32. The company's stock had a trading volume of 103,743 shares, compared to its average volume of 170,897. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12. 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 capitalization of $10.60 billion, a P/E ratio of 25.59, a PEG ratio of 1.66 and a beta of 1.25. The stock has a 50-day moving average price of $442.89 and a 200-day moving average price of $461.67.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, beating the consensus estimate of $4.23 by $0.39. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The business had revenue of $412.12 million for the quarter, compared to analyst estimates of $418.32 million. Analysts expect that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.15%. This is a boost from Kinsale Capital Group's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, February 27th. Kinsale Capital Group's dividend payout ratio (DPR) is presently 3.82%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on KNSL shares. Royal Bank of Canada reissued a "sector perform" rating and issued a $500.00 price objective on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. JMP Securities reiterated a "market perform" rating on shares of Kinsale Capital Group in a research note 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 for the company in a research report on Friday, January 3rd. Morgan Stanley cut 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. Finally, BMO Capital Markets raised their price objective on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the company a "market perform" rating in a research report on Thursday, November 21st. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $468.56.

About Kinsale Capital Group

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.