JPMorgan Chase & Co. Boosts Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

JPMorgan Chase & Co. raised its position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 6.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 329,595 shares of the financial services provider's stock after buying an additional 18,661 shares during the quarter. JPMorgan Chase & Co. owned about 1.42% of Kinsale Capital Group worth $153,305,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Kinsale Capital Group by 11.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 200 shares of the financial services provider's stock valued at $93,000 after purchasing an additional 21 shares in the last quarter. Ballentine Partners LLC increased its holdings in Kinsale Capital Group by 4.6% in the fourth quarter. Ballentine Partners LLC now owns 573 shares of the financial services provider's stock valued at $267,000 after buying an additional 25 shares in the last quarter. Caprock Group LLC increased its holdings in Kinsale Capital Group by 1.7% in the fourth quarter. Caprock Group LLC now owns 1,653 shares of the financial services provider's stock valued at $769,000 after buying an additional 28 shares in the last quarter. Fielder Capital Group LLC boosted its stake in shares of Kinsale Capital Group by 5.5% during the 4th quarter. Fielder Capital Group LLC now owns 595 shares of the financial services provider's stock worth $277,000 after acquiring an additional 31 shares in the last quarter. Finally, CIBC Asset Management Inc grew its holdings in shares of Kinsale Capital Group by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 716 shares of the financial services provider's stock worth $333,000 after acquiring an additional 36 shares during the period. Institutional investors and hedge funds own 85.36% of the company's stock.

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Kinsale Capital Group Trading Down 7.8 %

KNSL traded down $38.71 during trading on Friday, hitting $459.89. The company's stock had a trading volume of 428,577 shares, compared to its average volume of 174,411. Kinsale Capital Group, Inc. has a twelve month low of $355.12 and a twelve month high of $531.79. The stock has a market cap of $10.70 billion, a PE ratio of 25.85, a PEG ratio of 1.66 and a beta of 1.16. The firm's 50 day moving average price is $457.25 and its 200-day moving average price is $461.99. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09.

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. The firm had revenue of $412.12 million during the quarter, compared to analyst estimates of $418.32 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. On average, analysts expect that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.15%. This is an increase 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 payout ratio is presently 3.82%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on KNSL shares. Morgan Stanley reduced their price objective on Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Truist Financial boosted their price objective on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Royal Bank of Canada restated a "sector perform" rating and set a $500.00 target price on shares of Kinsale Capital Group in a report on Tuesday, February 18th. JMP Securities reaffirmed a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Kinsale Capital Group from $415.00 to $412.00 and set a "neutral" rating for the company in a research note on Friday, January 3rd. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price 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.