Federated Hermes Inc. Purchases 2,633 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Federated Hermes Inc. grew its stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 31.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 11,008 shares of the financial services provider's stock after buying an additional 2,633 shares during the quarter. Federated Hermes Inc.'s holdings in Kinsale Capital Group were worth $5,120,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in KNSL. Quantinno Capital Management LP grew its holdings in shares of Kinsale Capital Group by 13.9% during the third quarter. Quantinno Capital Management LP now owns 943 shares of the financial services provider's stock worth $439,000 after buying an additional 115 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Kinsale Capital Group by 5.1% in the third quarter. Stifel Financial Corp now owns 16,760 shares of the financial services provider's stock worth $7,803,000 after buying an additional 806 shares during the period. National Bank of Canada FI raised its stake in shares of Kinsale Capital Group by 13.1% during the third quarter. National Bank of Canada FI now owns 9,250 shares of the financial services provider's stock valued at $4,307,000 after purchasing an additional 1,068 shares during the period. Nomura Asset Management Co. Ltd. purchased a new position in Kinsale Capital Group in the 3rd quarter valued at about $270,000. Finally, Barclays PLC boosted its stake in shares of Kinsale Capital Group by 34.4% during the 3rd quarter. Barclays PLC now owns 11,772 shares of the financial services provider's stock valued at $5,480,000 after buying an additional 3,014 shares during the last quarter. Institutional investors and hedge funds own 85.36% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Royal Bank of Canada restated a "sector perform" rating and issued a $500.00 target price on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. Morgan Stanley cut their target price 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 Kinsale Capital Group from $415.00 to $412.00 and set a "neutral" rating for the company in a report on Friday, January 3rd. Truist Financial upped their price objective on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $468.56.

Kinsale Capital Group Stock Down 0.4 %

Shares of Kinsale Capital Group stock traded down $1.89 during trading hours on Thursday, reaching $481.77. The company's stock had a trading volume of 17,319 shares, compared to its average volume of 174,720. Kinsale Capital Group, Inc. has a one year low of $355.12 and a one year high of $531.79. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. The stock's fifty day simple moving average is $458.85 and its two-hundred day simple moving average is $462.72. The company has a market capitalization of $11.21 billion, a P/E ratio of 27.17, a P/E/G ratio of 1.66 and a beta of 1.16.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its earnings results 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. 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 during the quarter, compared to the consensus estimate of $418.32 million. On average, research analysts forecast that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.14%. This is a positive change from Kinsale Capital Group's previous quarterly dividend of $0.15. The ex-dividend date was Thursday, February 27th. Kinsale Capital Group's payout ratio is presently 3.82%.

Kinsale Capital Group Company 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.