Geode Capital Management LLC Has $254.44 Million Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Geode Capital Management LLC lifted its position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 3.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 544,954 shares of the financial services provider's stock after acquiring an additional 16,246 shares during the period. Geode Capital Management LLC owned approximately 2.34% of Kinsale Capital Group worth $254,441,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KNSL. Captrust Financial Advisors grew its stake in shares of Kinsale Capital Group by 2.3% during the 3rd quarter. Captrust Financial Advisors now owns 2,643 shares of the financial services provider's stock worth $1,231,000 after acquiring an additional 59 shares in the last quarter. Benjamin Edwards Inc. lifted its position in Kinsale Capital Group by 236.3% during the 3rd quarter. Benjamin Edwards Inc. now owns 898 shares of the financial services provider's stock worth $418,000 after buying an additional 631 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of Kinsale Capital Group by 68.9% during the 3rd quarter. HighTower Advisors LLC now owns 9,999 shares of the financial services provider's stock worth $4,619,000 after buying an additional 4,078 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of Kinsale Capital Group by 42.7% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 1,274 shares of the financial services provider's stock valued at $593,000 after acquiring an additional 381 shares in the last quarter. Finally, IHT Wealth Management LLC increased its position in shares of Kinsale Capital Group by 59.7% in the third quarter. IHT Wealth Management LLC now owns 1,290 shares of the financial services provider's stock valued at $602,000 after acquiring an additional 482 shares during the last quarter. 85.36% of the stock is owned by institutional investors.

Kinsale Capital Group Price Performance

Shares of NYSE:KNSL traded down $6.72 during trading on Thursday, reaching $464.62. 41,493 shares of the company traded hands, compared to its average volume of 202,498. The firm has a market capitalization of $10.81 billion, a PE ratio of 26.12, a PEG ratio of 1.66 and a beta of 1.16. Kinsale Capital Group, Inc. has a 52 week low of $355.12 and a 52 week high of $531.79. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12. The company's 50 day moving average is $458.13 and its two-hundred day moving average is $461.75.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its 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 net margin of 26.13% and a return on equity of 28.04%. The firm had revenue of $412.12 million for the quarter, compared to analyst estimates of $418.32 million. As a group, sell-side analysts predict 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 declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were paid a $0.17 dividend. This is a positive change from Kinsale Capital Group's previous quarterly dividend of $0.15. The ex-dividend date was Thursday, February 27th. This represents a $0.68 annualized dividend and a dividend yield of 0.15%. Kinsale Capital Group's dividend payout ratio (DPR) is presently 3.82%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Morgan Stanley reduced 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 research report on Friday, February 14th. JPMorgan Chase & Co. dropped their price objective 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. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $500.00 target price on shares of Kinsale Capital Group in a report on Tuesday, February 18th. Finally, Truist Financial boosted their price objective on Kinsale Capital Group from $480.00 to $525.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $468.56.

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.