Loomis Sayles & Co. L P Decreases Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Loomis Sayles & Co. L P lessened its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 10.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 99,088 shares of the financial services provider's stock after selling 10,987 shares during the period. Loomis Sayles & Co. L P owned approximately 0.43% of Kinsale Capital Group worth $46,089,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Kinsale Capital Group by 1.4% during 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. State Street Corp grew its position in Kinsale Capital Group by 1.3% during the third quarter. State Street Corp now owns 689,386 shares of the financial services provider's stock valued at $320,957,000 after acquiring an additional 8,954 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Kinsale Capital Group by 5.9% in the 3rd quarter. Geode Capital Management LLC now owns 528,708 shares of the financial services provider's stock valued at $246,810,000 after acquiring an additional 29,686 shares during the last quarter. DAVENPORT & Co LLC increased its stake in shares of Kinsale Capital Group by 9.6% in the fourth quarter. DAVENPORT & Co LLC now owns 511,869 shares of the financial services provider's stock worth $238,193,000 after buying an additional 44,931 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Kinsale Capital Group by 6.0% during the fourth quarter. JPMorgan Chase & Co. now owns 329,595 shares of the financial services provider's stock valued at $153,305,000 after acquiring an additional 18,661 shares during the last quarter. 85.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KNSL. Morgan Stanley reduced their price objective 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. JPMorgan Chase & Co. lowered their price objective on 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. Royal Bank of Canada reiterated a "sector perform" rating and set a $500.00 price objective on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. JMP Securities reaffirmed a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Finally, Truist Financial lifted their target price 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $468.56.

Kinsale Capital Group Stock Up 0.9 %

Shares of KNSL traded up $4.42 during midday trading on Tuesday, reaching $491.13. The stock had a trading volume of 23,654 shares, compared to its average volume of 174,529. The company's fifty day simple moving average is $453.37 and its two-hundred day simple moving average is $461.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09. The company has a market cap of $11.43 billion, a price-to-earnings ratio of 27.59, a PEG ratio of 1.66 and a beta of 1.25. 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 released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, topping the consensus estimate of $4.23 by $0.39. The business had revenue of $412.12 million during the quarter, compared to analysts' expectations of $418.32 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. Equities research analysts expect that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.14%. This is a boost from Kinsale Capital Group's previous quarterly dividend of $0.15. The ex-dividend date was Thursday, February 27th. Kinsale Capital Group's dividend payout ratio is presently 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.