Canal Capital Management LLC Has $3.64 Million Stock Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Canal Capital Management LLC lifted its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 10.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,818 shares of the financial services provider's stock after purchasing an additional 745 shares during the quarter. Canal Capital Management LLC's holdings in Kinsale Capital Group were worth $3,637,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Kinsale Capital Group by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 2,113,683 shares of the financial services provider's stock valued at $983,137,000 after buying an additional 29,553 shares in the last quarter. Geode Capital Management LLC raised its position in Kinsale Capital Group by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 544,954 shares of the financial services provider's stock valued at $254,441,000 after purchasing an additional 16,246 shares in the last quarter. DAVENPORT & Co LLC lifted its stake in Kinsale Capital Group by 9.6% during the fourth quarter. DAVENPORT & Co LLC now owns 511,869 shares of the financial services provider's stock worth $238,193,000 after purchasing an additional 44,931 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Kinsale Capital Group by 6.0% in the 4th quarter. JPMorgan Chase & Co. now owns 329,595 shares of the financial services provider's stock valued at $153,305,000 after purchasing an additional 18,661 shares in the last quarter. Finally, DF Dent & Co. Inc. increased its stake in shares of Kinsale Capital Group by 8.4% in the 4th quarter. DF Dent & Co. Inc. now owns 245,560 shares of the financial services provider's stock valued at $114,218,000 after purchasing an additional 18,946 shares during the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on KNSL. JMP Securities reaffirmed a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Morgan Stanley decreased 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 objective on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. Truist Financial boosted their target price on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. dropped their price target on 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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $468.56.

Kinsale Capital Group Trading Down 16.3 %

Shares of NYSE:KNSL traded down $81.84 during trading on Friday, reaching $420.13. The stock had a trading volume of 950,784 shares, compared to its average volume of 177,854. Kinsale Capital Group, Inc. has a 52 week low of $355.12 and a 52 week 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 firm's fifty day moving average is $460.47 and its 200 day moving average is $463.07. The stock has a market cap of $9.78 billion, a price-to-earnings ratio of 23.62, a P/E/G ratio of 1.66 and a beta of 1.16.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $3.71 EPS for the quarter, beating analysts' consensus estimates of $3.15 by $0.56. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. The business had revenue of $423.40 million for the quarter, compared to analysts' expectations of $425.73 million. As a group, equities analysts forecast that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were paid a $0.17 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This is a positive change from Kinsale Capital Group's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 0.16%. Kinsale Capital Group's payout ratio is 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.