Dynamic Technology Lab Private Ltd Makes New $428,000 Investment in Kinsale Capital Group, Inc. (NYSE:KNSL)

Dynamic Technology Lab Private Ltd bought a new stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 920 shares of the financial services provider's stock, valued at approximately $428,000.

A number of other institutional investors also recently made changes to their positions in KNSL. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Kinsale Capital Group in the fourth quarter valued at $25,000. Bank of Jackson Hole Trust acquired a new position in shares of Kinsale Capital Group in the 4th quarter worth approximately $31,000. Larson Financial Group LLC raised its holdings 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 in the last quarter. Allworth Financial LP lifted its stake in 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 purchasing an additional 72 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in Kinsale Capital Group during the fourth quarter worth approximately $46,000. 85.36% of the stock is owned by institutional investors and hedge funds.

Kinsale Capital Group Stock Performance

Shares of NYSE KNSL traded up $4.84 during mid-day trading on Monday, hitting $487.18. The company had a trading volume of 10,651 shares, compared to its average volume of 175,052. The business's 50-day simple moving average is $459.17 and its 200-day simple moving average is $462.25. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a market cap of $11.34 billion, a P/E ratio of 27.39, a PEG ratio of 1.66 and a beta of 1.16. Kinsale Capital Group, Inc. has a 12 month low of $355.12 and a 12 month high of $531.79.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced 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. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. The company had revenue of $412.12 million during the quarter, compared to analysts' expectations of $418.32 million. As a group, analysts predict that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.68 dividend on an annualized basis 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 dividend payout ratio (DPR) is 3.82%.

Analyst Ratings Changes

KNSL has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their price objective on 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 decreased their target price 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 reaffirmed a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. 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. Finally, Truist Financial upped their price target on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average 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.