Hughes Financial Services LLC Buys New Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Hughes Financial Services LLC 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 disclosure with the Securities and Exchange Commission. The firm bought 3,098 shares of the financial services provider's stock, valued at approximately $1,441,000.

Several other institutional investors and hedge funds also recently made changes to their positions in KNSL. Axxcess Wealth Management LLC bought a new position in shares of Kinsale Capital Group during the 3rd quarter valued at $224,000. Crossmark Global Holdings Inc. grew its holdings in Kinsale Capital Group by 18.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 1,722 shares of the financial services provider's stock worth $802,000 after acquiring an additional 271 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in Kinsale Capital Group by 3.7% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 1,556 shares of the financial services provider's stock worth $724,000 after acquiring an additional 56 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Kinsale Capital Group in the 3rd quarter worth $1,136,000. Finally, Aigen Investment Management LP bought a new stake in Kinsale Capital Group in the 3rd quarter worth $260,000. Institutional investors own 85.36% of the company's stock.

Kinsale Capital Group Stock Down 1.2 %

NYSE KNSL traded down $5.27 during trading hours on Tuesday, reaching $451.43. 92,471 shares of the company's stock traded hands, compared to its average volume of 169,897. Kinsale Capital Group, Inc. has a 52-week low of $355.12 and a 52-week high of $536.84. The firm has a market cap of $10.51 billion, a PE ratio of 25.38, a PEG ratio of 1.66 and a beta of 1.25. The firm has a 50-day simple moving average of $444.13 and a 200 day simple moving average of $460.94. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09.

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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, topping 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 firm had revenue of $412.12 million during the quarter, compared to analyst estimates of $418.32 million. Sell-side analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

The firm 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. This represents a $0.68 annualized dividend and a yield of 0.15%. 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 3.82%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on KNSL shares. Morgan Stanley cut their price target on shares of Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. Royal Bank of Canada reissued a "sector perform" rating and issued a $500.00 price target on shares of Kinsale Capital Group in a report on Tuesday, February 18th. JPMorgan Chase & Co. cut their price target on shares of Kinsale Capital Group from $415.00 to $412.00 and set a "neutral" rating on the stock in a report on Friday, January 3rd. BMO Capital Markets raised their target price on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the stock a "market perform" rating in a research report on Thursday, November 21st. 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 company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average 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.