Kinsale Capital Group, Inc. (NYSE:KNSL) is Geneva Capital Management LLC's 4th Largest Position

Geneva Capital Management LLC lowered its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 402,914 shares of the financial services provider's stock after selling 4,917 shares during the quarter. Kinsale Capital Group accounts for 3.3% of Geneva Capital Management LLC's holdings, making the stock its 4th biggest position. Geneva Capital Management LLC owned approximately 1.73% of Kinsale Capital Group worth $187,408,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in KNSL. Ballentine Partners LLC increased its holdings in shares of Kinsale Capital Group by 4.6% during the 4th quarter. Ballentine Partners LLC now owns 573 shares of the financial services provider's stock valued at $267,000 after purchasing an additional 25 shares in the last quarter. Caprock Group LLC grew its position in Kinsale Capital Group by 1.7% during 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 during the period. Fielder Capital Group LLC increased its holdings in Kinsale Capital Group by 5.5% in the fourth quarter. Fielder Capital Group LLC now owns 595 shares of the financial services provider's stock valued at $277,000 after buying an additional 31 shares in the last quarter. CIBC Asset Management Inc increased its holdings in Kinsale Capital Group by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 716 shares of the financial services provider's stock valued at $333,000 after buying an additional 36 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its position in shares of Kinsale Capital Group by 5.1% in the third quarter. Fifth Third Wealth Advisors LLC now owns 763 shares of the financial services provider's stock worth $355,000 after acquiring an additional 37 shares during the period. Hedge funds and other institutional investors own 85.36% of the company's stock.

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Kinsale Capital Group Price Performance

KNSL stock traded up $2.78 during midday trading on Monday, reaching $449.05. The stock had a trading volume of 204,892 shares, compared to its average volume of 171,763. Kinsale Capital Group, Inc. has a 52-week low of $355.12 and a 52-week high of $536.84. 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's fifty day simple moving average is $443.99 and its 200 day simple moving average is $462.37. The company has a market cap of $10.45 billion, a price-to-earnings ratio of 25.24, a price-to-earnings-growth ratio of 1.66 and a beta of 1.25.

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 for the quarter, topping 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 the consensus estimate 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 fiscal year.

Kinsale Capital Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be given a $0.17 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This is a positive change 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 0.15%. Kinsale Capital Group's dividend payout ratio is 3.82%.

Analyst Upgrades and Downgrades

KNSL has been the subject of several recent analyst reports. Morgan Stanley cut their price target on Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Truist Financial raised their price objective on Kinsale Capital Group from $480.00 to $525.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $500.00 target price on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. BMO Capital Markets lifted their price target on shares of Kinsale Capital Group from $445.00 to $461.00 and gave the company a "market perform" rating in a research note on Thursday, November 21st. Finally, JPMorgan Chase & Co. cut their price target on shares of Kinsale Capital Group from $415.00 to $412.00 and set a "neutral" rating for the company in a report on Friday, January 3rd. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $468.56.

Insider Activity

In related news, EVP Diane D. Schnupp sold 500 shares of the company's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $510.00, for a total value of $255,000.00. Following the completion of the sale, the executive vice president now owns 6,994 shares of the company's stock, valued at approximately $3,566,940. This represents a 6.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 5.60% of the company's stock.

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.