Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Purchased by Premier Fund Managers Ltd

Premier Fund Managers Ltd grew its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 20,286.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 104,784 shares of the financial services provider's stock after acquiring an additional 104,270 shares during the quarter. Kinsale Capital Group comprises about 1.7% of Premier Fund Managers Ltd's investment portfolio, making the stock its 27th biggest holding. Premier Fund Managers Ltd owned 0.45% of Kinsale Capital Group worth $48,813,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Pictet Asset Management Holding SA raised its stake in Kinsale Capital Group by 4.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 3,017 shares of the financial services provider's stock worth $1,403,000 after acquiring an additional 132 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in shares of Kinsale Capital Group by 169.9% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,563 shares of the financial services provider's stock valued at $727,000 after acquiring an additional 984 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Kinsale Capital Group in the fourth quarter worth about $2,270,000. Norges Bank purchased a new position in shares of Kinsale Capital Group in the fourth quarter valued at $89,200,000. Finally, Blair William & Co. IL lifted its position in Kinsale Capital Group by 5.7% during the fourth quarter. Blair William & Co. IL now owns 80,629 shares of the financial services provider's stock valued at $37,503,000 after purchasing an additional 4,363 shares during the last quarter. 85.36% of the stock is currently owned by institutional investors.

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Kinsale Capital Group Stock Performance

Shares of NYSE:KNSL traded up $0.40 during trading on Tuesday, hitting $487.11. The stock had a trading volume of 33,188 shares, compared to its average volume of 196,590. The stock has a market capitalization of $11.34 billion, a price-to-earnings ratio of 27.38, a price-to-earnings-growth ratio of 1.66 and a beta of 1.25. The stock has a 50-day simple moving average of $453.37 and a two-hundred day simple moving average of $461.21. Kinsale Capital Group, Inc. has a 12-month low of $355.12 and a 12-month high of $531.79. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its 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 analysts' expectations of $418.32 million. On average, equities research analysts expect 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 was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.14%. 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. Kinsale Capital Group's payout ratio is presently 3.82%.

Analysts Set New Price Targets

KNSL has been the topic of several recent research reports. 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 report on Tuesday, February 18th. Royal Bank of Canada reaffirmed 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. JPMorgan Chase & Co. lowered their price target on Kinsale Capital Group from $415.00 to $412.00 and set a "neutral" rating for the company in a research report on Friday, January 3rd. Morgan Stanley cut 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. Finally, JMP Securities reissued a "market perform" rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Eight equities research analysts have rated the stock with a hold rating and three have assigned 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 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.