United Capital Financial Advisors LLC Boosts Stake in Kinsale Capital Group, Inc. (NYSE:KNSL)

United Capital Financial Advisors LLC boosted its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 31.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,360 shares of the financial services provider's stock after purchasing an additional 7,969 shares during the quarter. United Capital Financial Advisors LLC owned 0.14% of Kinsale Capital Group worth $15,517,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Norges Bank bought a new stake in shares of Kinsale Capital Group in the fourth quarter valued at about $89,200,000. Alliancebernstein L.P. lifted its stake in Kinsale Capital Group by 486.3% in the 4th quarter. Alliancebernstein L.P. now owns 214,045 shares of the financial services provider's stock valued at $99,559,000 after acquiring an additional 177,540 shares in the last quarter. Premier Fund Managers Ltd boosted its position in Kinsale Capital Group by 20,286.0% during the 4th quarter. Premier Fund Managers Ltd now owns 104,784 shares of the financial services provider's stock worth $48,813,000 after acquiring an additional 104,270 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Kinsale Capital Group by 1,119.0% in the fourth quarter. Handelsbanken Fonder AB now owns 70,700 shares of the financial services provider's stock valued at $32,885,000 after purchasing an additional 64,900 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Kinsale Capital Group in the fourth quarter worth $22,933,000. Institutional investors own 85.36% of the company's stock.

Analyst Ratings Changes

KNSL has been the topic of several recent research reports. JPMorgan Chase & Co. lowered 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 research note on Friday, January 3rd. Royal Bank of Canada restated a "sector perform" rating and issued a $500.00 price target on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. JMP Securities reissued a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Morgan Stanley dropped 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 research report on Friday, February 14th. Finally, Truist Financial boosted their price target on Kinsale Capital Group from $480.00 to $525.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $468.56.

Kinsale Capital Group Trading Up 0.7 %

NYSE:KNSL traded up $3.36 during trading hours on Friday, hitting $487.01. 88,133 shares of the company were exchanged, compared to its average volume of 175,069. Kinsale Capital Group, Inc. has a one year low of $355.12 and a one year high of $531.79. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12. The company has a fifty day simple moving average of $459.06 and a 200 day simple moving average of $462.94. The stock has a market capitalization of $11.34 billion, a price-to-earnings ratio of 27.38, a price-to-earnings-growth ratio of 1.66 and a beta of 1.16.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.23 by $0.39. The business had revenue of $412.12 million during the quarter, compared to the consensus estimate of $418.32 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. Sell-side analysts expect that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal 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 dividend of $0.17 per share. This is a boost from Kinsale Capital Group's previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date of this dividend was Thursday, February 27th. Kinsale Capital Group's dividend payout ratio (DPR) is currently 3.82%.

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.