Mirabella Financial Services LLP Purchases Shares of 16,447 Kinsale Capital Group, Inc. (NYSE:KNSL)

Mirabella Financial Services LLP purchased a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,447 shares of the financial services provider's stock, valued at approximately $7,642,000. Mirabella Financial Services LLP owned approximately 0.07% of Kinsale Capital Group at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. increased its position in Kinsale Capital Group by 11.7% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 200 shares of the financial services provider's stock worth $93,000 after purchasing an additional 21 shares during the last quarter. Ballentine Partners LLC grew its stake in Kinsale Capital Group by 4.6% during the fourth quarter. Ballentine Partners LLC now owns 573 shares of the financial services provider's stock worth $267,000 after buying an additional 25 shares during the period. Caprock Group LLC boosted its position in Kinsale Capital Group by 1.7% during the 4th quarter. Caprock Group LLC now owns 1,653 shares of the financial services provider's stock worth $769,000 after purchasing an additional 28 shares during the period. Fielder Capital Group LLC grew its stake in shares of Kinsale Capital Group by 5.5% in the fourth quarter. Fielder Capital Group LLC now owns 595 shares of the financial services provider's stock valued at $277,000 after buying an additional 31 shares in the last quarter. Finally, CIBC Asset Management Inc raised its holdings in shares of Kinsale Capital Group by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 716 shares of the financial services provider's stock valued at $333,000 after buying an additional 36 shares during the period. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Kinsale Capital Group Stock Performance

KNSL traded up $4.32 during trading hours on Wednesday, hitting $492.05. The company's stock had a trading volume of 145,793 shares, compared to its average volume of 174,553. The company has a 50-day simple moving average of $459.00 and a 200 day simple moving average of $462.82. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $11.45 billion, a PE ratio of 27.66, a PEG ratio of 1.66 and a beta of 1.16. Kinsale Capital Group, Inc. has a fifty-two week low of $355.12 and a fifty-two week high of $531.79.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced its earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.23 by $0.39. The firm had revenue of $412.12 million during 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%. As a group, sell-side analysts expect that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date of this dividend was Thursday, February 27th. This is an increase from Kinsale Capital Group's previous quarterly dividend of $0.15. Kinsale Capital Group's payout ratio is currently 3.82%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on KNSL shares. Truist Financial upped 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. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $500.00 price target on shares of Kinsale Capital Group in a report on Tuesday, February 18th. JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Morgan Stanley cut their price objective on Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating on the stock in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Kinsale Capital Group from $415.00 to $412.00 and set a "neutral" rating for the company in a research note on Friday, January 3rd. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Kinsale Capital Group has an average 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.