MetLife Investment Management LLC Buys 1,006 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

MetLife Investment Management LLC boosted its stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 8.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 13,441 shares of the financial services provider's stock after buying an additional 1,006 shares during the period. MetLife Investment Management LLC owned approximately 0.06% of Kinsale Capital Group worth $6,252,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of KNSL. Norges Bank acquired a new position in shares of Kinsale Capital Group in the fourth quarter valued at approximately $89,200,000. Alliancebernstein L.P. grew its holdings in Kinsale Capital Group by 486.3% in the 4th quarter. Alliancebernstein L.P. now owns 214,045 shares of the financial services provider's stock valued at $99,559,000 after buying an additional 177,540 shares in the last quarter. Premier Fund Managers Ltd increased its position in Kinsale Capital Group by 20,286.0% during the 4th quarter. Premier Fund Managers Ltd now owns 104,784 shares of the financial services provider's stock worth $48,813,000 after buying an additional 104,270 shares during the period. Handelsbanken Fonder AB lifted its holdings in shares of Kinsale Capital Group by 1,119.0% during the fourth quarter. Handelsbanken Fonder AB now owns 70,700 shares of the financial services provider's stock worth $32,885,000 after buying an additional 64,900 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Kinsale Capital Group during the fourth quarter worth $22,933,000. 85.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on KNSL shares. Truist Financial raised their price target on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the stock a "buy" rating in a research 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 report on Tuesday, February 18th. JPMorgan Chase & Co. reduced their price target 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. Morgan Stanley dropped their price objective on Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Finally, JMP Securities reissued a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $468.56.

Kinsale Capital Group Stock Performance

NYSE:KNSL opened at $489.10 on Wednesday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $11.38 billion, a PE ratio of 27.49, a price-to-earnings-growth ratio of 1.66 and a beta of 1.16. Kinsale Capital Group, Inc. has a twelve month low of $355.12 and a twelve month high of $531.79. The stock's 50-day simple moving average is $459.00 and its 200 day simple moving average is $462.82.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.23 by $0.39. The company 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, analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS 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. Stockholders of record on Thursday, February 27th were issued a dividend of $0.17 per share. The ex-dividend date was Thursday, February 27th. This is an increase from Kinsale Capital Group's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 0.14%. Kinsale Capital Group's dividend payout ratio is 3.82%.

About Kinsale Capital Group

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.

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