Marshall Wace LLP Sells 1,299 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Marshall Wace LLP decreased its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,678 shares of the financial services provider's stock after selling 1,299 shares during the period. Marshall Wace LLP owned approximately 0.13% of Kinsale Capital Group worth $13,804,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in KNSL. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Kinsale Capital Group during the 4th quarter worth approximately $25,000. Bank of Jackson Hole Trust purchased a new stake in Kinsale Capital Group during the fourth quarter valued at $31,000. Larson Financial Group LLC lifted its position in Kinsale Capital Group by 7,400.0% during the fourth quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 74 shares during the last quarter. Allworth Financial LP grew its stake 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 buying an additional 72 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Kinsale Capital Group in the 4th quarter worth about $46,000. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on KNSL. JMP Securities reaffirmed a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. JPMorgan Chase & Co. dropped their target price on Kinsale Capital Group from $415.00 to $412.00 and set a "neutral" rating for the company in a report on Friday, January 3rd. Morgan Stanley decreased their price target 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. Royal Bank of Canada restated a "sector perform" rating and issued a $500.00 price target on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. Finally, Truist Financial boosted their price objective 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. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Kinsale Capital Group currently has a consensus rating of "Hold" and a consensus target price of $468.56.

Kinsale Capital Group Trading Down 16.3 %

KNSL stock traded down $81.84 during trading on Friday, hitting $420.13. The company had a trading volume of 945,712 shares, compared to its average volume of 177,801. Kinsale Capital Group, Inc. has a 52-week low of $355.12 and a 52-week high of $531.79. The company has a 50 day simple moving average of $460.89 and a 200-day simple moving average of $463.37. The firm has a market capitalization of $9.78 billion, a P/E ratio of 23.62, a PEG ratio of 1.66 and a beta of 1.16. 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 issued its earnings results on Thursday, April 24th. The financial services provider reported $3.71 EPS for the quarter, topping analysts' consensus estimates of $3.15 by $0.56. The business had revenue of $423.40 million for the quarter, compared to analyst estimates of $425.73 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. As a group, 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 announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.16%. This is a boost from Kinsale Capital Group's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, February 27th. Kinsale Capital Group's dividend payout ratio is presently 3.82%.

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.