National Bank of Canada FI Has $4.60 Million Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

National Bank of Canada FI lifted its stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 7.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,899 shares of the financial services provider's stock after purchasing an additional 649 shares during the period. National Bank of Canada FI's holdings in Kinsale Capital Group were worth $4,604,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of KNSL. Franklin Resources Inc. lifted its position in Kinsale Capital Group by 16.3% during the 4th quarter. Franklin Resources Inc. now owns 112,985 shares of the financial services provider's stock valued at $52,553,000 after purchasing an additional 15,865 shares during the period. Alliancebernstein L.P. raised its stake in shares of Kinsale Capital Group by 486.3% during the fourth quarter. Alliancebernstein L.P. now owns 214,045 shares of the financial services provider's stock worth $99,559,000 after buying an additional 177,540 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in Kinsale Capital Group by 29.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,026 shares of the financial services provider's stock valued at $477,000 after buying an additional 236 shares during the period. Physician Wealth Advisors Inc. bought a new position in Kinsale Capital Group in the fourth quarter valued at approximately $49,000. Finally, California Public Employees Retirement System grew its holdings in Kinsale Capital Group by 11.8% during the 4th quarter. California Public Employees Retirement System now owns 39,341 shares of the financial services provider's stock worth $18,299,000 after acquiring an additional 4,146 shares during the period. Institutional investors own 85.36% of the company's stock.

Kinsale Capital Group Stock Up 0.7 %

KNSL stock traded up $3.56 during mid-day trading on Friday, hitting $481.79. 107,412 shares of the company were exchanged, compared to its average volume of 175,457. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. Kinsale Capital Group, Inc. has a 1-year low of $355.12 and a 1-year high of $531.79. The firm's 50 day simple moving average is $459.17 and its 200 day simple moving average is $462.17. The firm has a market cap of $11.21 billion, a P/E ratio of 27.08, a P/E/G ratio of 1.66 and a beta of 1.16.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $412.12 million during the quarter, compared to the consensus estimate of $418.32 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. On average, sell-side analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

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

Analyst Ratings Changes

Several research analysts have recently issued reports on KNSL shares. JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Royal Bank of Canada restated a "sector perform" rating and set a $500.00 target price on shares of Kinsale Capital Group in a report 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 note on Friday, January 3rd. Truist Financial lifted 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. Finally, Morgan Stanley decreased their price objective on shares of Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating for the company in a 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 presently has an average rating of "Hold" and an average target price 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.