Kinsale Capital Group, Inc. (NYSE:KNSL) is Maren Capital LLC's 9th Largest Position

Maren Capital LLC increased its position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 6.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 150,900 shares of the financial services provider's stock after purchasing an additional 9,669 shares during the quarter. Kinsale Capital Group makes up about 5.4% of Maren Capital LLC's portfolio, making the stock its 9th biggest position. Maren Capital LLC owned approximately 0.65% of Kinsale Capital Group worth $70,188,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of KNSL. Cerity Partners LLC raised its holdings in shares of Kinsale Capital Group by 68.9% in the 4th quarter. Cerity Partners LLC now owns 10,641 shares of the financial services provider's stock valued at $4,952,000 after purchasing an additional 4,340 shares in the last quarter. 2Xideas AG raised its stake in Kinsale Capital Group by 16.1% in the fourth quarter. 2Xideas AG now owns 39,998 shares of the financial services provider's stock worth $18,604,000 after buying an additional 5,554 shares in the last quarter. Federated Hermes Inc. lifted its holdings in Kinsale Capital Group by 31.4% during the fourth quarter. Federated Hermes Inc. now owns 11,008 shares of the financial services provider's stock worth $5,120,000 after buying an additional 2,633 shares during the period. Envestnet Asset Management Inc. boosted its position in Kinsale Capital Group by 6.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 165,406 shares of the financial services provider's stock valued at $76,935,000 after acquiring an additional 9,681 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Kinsale Capital Group during the 4th quarter worth $428,000. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Kinsale Capital Group Stock Performance

Shares of NYSE:KNSL traded up $3.56 during trading on Friday, hitting $481.79. The stock had a trading volume of 107,412 shares, compared to its average volume of 175,457. 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, Inc. has a 12-month low of $355.12 and a 12-month high of $531.79. The stock has a market capitalization of $11.21 billion, a price-to-earnings ratio of 27.08, a price-to-earnings-growth ratio of 1.66 and a beta of 1.16. The stock has a 50-day simple moving average of $459.17 and a two-hundred day simple moving average of $462.17.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.23 by $0.39. The business had revenue of $412.12 million for the quarter, compared to analyst estimates of $418.32 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. 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 paid a $0.17 dividend. The ex-dividend date was 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 yield of 0.14%. Kinsale Capital Group's dividend payout ratio (DPR) is currently 3.82%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on KNSL shares. Royal Bank of Canada reiterated a "sector perform" rating and issued a $500.00 target price on shares of Kinsale Capital Group in a report on Tuesday, February 18th. Truist Financial boosted their price objective on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. cut 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 report on Friday, January 3rd. JMP Securities reiterated a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Finally, Morgan Stanley lowered their price objective on Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target 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.