Natixis Advisors LLC Has $7.57 Million Stake in Kinsale Capital Group, Inc. (NYSE:KNSL)

Natixis Advisors LLC cut its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 82.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,284 shares of the financial services provider's stock after selling 74,481 shares during the period. Natixis Advisors LLC owned about 0.07% of Kinsale Capital Group worth $7,574,000 at the end of the most recent quarter.

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

Kinsale Capital Group Trading Up 0.5 %

Shares of Kinsale Capital Group stock traded up $2.65 during trading on Tuesday, hitting $485.35. The company's stock had a trading volume of 168,913 shares, compared to its average volume of 171,424. The stock has a market cap of $11.30 billion, a price-to-earnings ratio of 27.28, a price-to-earnings-growth ratio of 1.66 and a beta of 1.25. Kinsale Capital Group, Inc. has a 52 week low of $355.12 and a 52 week high of $536.84. The stock has a 50-day moving average price of $448.46 and a two-hundred day moving average price of $460.38. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09.

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Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $412.12 million for the quarter, compared to analyst estimates of $418.32 million. Equities research analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date was Thursday, February 27th. This is an increase from Kinsale Capital Group's previous quarterly dividend of $0.15. Kinsale Capital Group's dividend payout ratio is currently 3.82%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley reduced 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 note on Friday, February 14th. JPMorgan Chase & Co. cut their target price 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. Truist Financial upped their price target on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Royal Bank of Canada reiterated 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. Finally, JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $468.56.

Kinsale Capital Group Company 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.