New Age Alpha Advisors LLC Makes New $2.27 Million Investment in Kinsale Capital Group, Inc. (NYSE:KNSL)

New Age Alpha Advisors LLC acquired a new stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,881 shares of the financial services provider's stock, valued at approximately $2,270,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Kinsale Capital Group in the 4th quarter valued at about $89,200,000. Handelsbanken Fonder AB raised its stake in Kinsale Capital Group by 1,119.0% in the fourth quarter. Handelsbanken Fonder AB now owns 70,700 shares of the financial services provider's stock valued at $32,885,000 after purchasing an additional 64,900 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Kinsale Capital Group during the fourth quarter valued at approximately $22,933,000. DAVENPORT & Co LLC lifted its position in Kinsale Capital Group by 9.6% during the fourth quarter. DAVENPORT & Co LLC now owns 511,869 shares of the financial services provider's stock valued at $238,193,000 after purchasing an additional 44,931 shares during the last quarter. Finally, Erste Asset Management GmbH bought a new position in shares of Kinsale Capital Group in the 3rd quarter worth $18,599,000. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Kinsale Capital Group Trading Up 0.3 %

Kinsale Capital Group stock traded up $1.30 during trading hours on Tuesday, reaching $488.01. The stock had a trading volume of 159,194 shares, compared to its average volume of 175,052. The company has a fifty day simple moving average of $453.37 and a 200-day simple moving average of $461.21. Kinsale Capital Group, Inc. has a 52 week low of $355.12 and a 52 week high of $531.79. The stock has a market cap of $11.36 billion, a PE ratio of 27.43, a PEG ratio of 1.66 and a beta of 1.25. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09.

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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 company had revenue of $412.12 million for the quarter, compared to analysts' expectations of $418.32 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. Analysts forecast that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

The firm 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. This is a positive change from Kinsale Capital Group's previous quarterly dividend of $0.15. The ex-dividend date was Thursday, February 27th. 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 presently 3.82%.

Analyst Ratings Changes

Several research analysts recently issued reports on KNSL shares. Truist Financial upped their target price 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. JPMorgan Chase & Co. reduced their price objective 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. JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Morgan Stanley reduced their price target on shares of Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $500.00 price target on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $468.56.

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.