Segall Bryant & Hamill LLC Has $6.95 Million Stock Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Segall Bryant & Hamill LLC decreased its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 37.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,938 shares of the financial services provider's stock after selling 8,797 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.06% of Kinsale Capital Group worth $6,948,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. bought a new position in Kinsale Capital Group in the fourth quarter valued at approximately $25,000. Bank of Jackson Hole Trust acquired a new position in shares of Kinsale Capital Group in the 4th quarter valued at $31,000. Larson Financial Group LLC boosted its position in shares of Kinsale Capital Group by 7,400.0% in the 4th quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider's stock worth $35,000 after purchasing an additional 74 shares during the last quarter. Allworth Financial LP boosted its position in shares of Kinsale Capital Group by 450.0% in the 4th quarter. Allworth Financial LP now owns 88 shares of the financial services provider's stock worth $39,000 after purchasing an additional 72 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Kinsale Capital Group during the fourth quarter worth $46,000. Institutional investors and hedge funds own 85.36% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Morgan Stanley reduced their target price on Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating on the stock in a report on Friday, February 14th. JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Truist Financial upped their target price on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. reduced 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 report on Friday, January 3rd. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $500.00 price objective on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $468.56.

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Kinsale Capital Group Stock Up 0.9 %

NYSE KNSL traded up $4.58 on Monday, reaching $486.72. The company had a trading volume of 203,842 shares, compared to its average volume of 175,116. The company's fifty day moving average is $453.37 and its 200-day moving average is $461.21. The firm has a market capitalization of $11.33 billion, a price-to-earnings ratio of 27.36, a price-to-earnings-growth ratio of 1.66 and a beta of 1.25. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. Kinsale Capital Group, Inc. has a 1-year low of $355.12 and a 1-year high of $531.79.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its quarterly earnings data 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 return on equity of 28.04% and a net margin of 26.13%. The company had revenue of $412.12 million during the quarter, compared to analysts' expectations of $418.32 million. On average, research analysts forecast that Kinsale Capital Group, Inc. will post 17.72 earnings per share 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 $0.17 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This is an increase 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%. Kinsale Capital Group's dividend payout ratio (DPR) 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.