Next Century Growth Investors LLC Sells 18,038 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Next Century Growth Investors LLC reduced its holdings in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 35.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,974 shares of the financial services provider's stock after selling 18,038 shares during the quarter. Next Century Growth Investors LLC owned 0.14% of Kinsale Capital Group worth $15,337,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in KNSL. Geode Capital Management LLC increased its position in shares of Kinsale Capital Group by 5.9% during the 3rd quarter. Geode Capital Management LLC now owns 528,708 shares of the financial services provider's stock valued at $246,810,000 after purchasing an additional 29,686 shares during the period. LPL Financial LLC boosted its holdings in Kinsale Capital Group by 29.4% during the fourth quarter. LPL Financial LLC now owns 20,415 shares of the financial services provider's stock worth $9,310,000 after buying an additional 4,644 shares in the last quarter. California Public Employees Retirement System grew its position in Kinsale Capital Group by 11.8% in the fourth quarter. California Public Employees Retirement System now owns 39,341 shares of the financial services provider's stock worth $18,299,000 after buying an additional 4,146 shares during the last quarter. Empowered Funds LLC bought a new position in shares of Kinsale Capital Group in the fourth quarter valued at $1,071,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Kinsale Capital Group by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 152,445 shares of the financial services provider's stock valued at $70,907,000 after acquiring an additional 3,970 shares during the last quarter. Institutional investors and hedge funds own 85.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KNSL. Morgan Stanley decreased their price target on Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. 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 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 on the stock in a report on Friday, January 3rd. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $500.00 price target on shares of Kinsale Capital Group in a report on Tuesday, February 18th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $468.56.

Kinsale Capital Group Stock Performance

Shares of NYSE KNSL traded up $3.76 during trading hours on Thursday, hitting $487.41. 37,008 shares of the company's stock were exchanged, compared to its average volume of 174,791. Kinsale Capital Group, Inc. has a 1-year low of $355.12 and a 1-year high of $531.79. The stock has a market capitalization of $11.35 billion, a price-to-earnings ratio of 27.41, a PEG ratio of 1.66 and a beta of 1.16. The company's 50-day moving average price is $458.85 and its 200-day moving average price is $462.72. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09.

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 EPS for the quarter, beating the consensus estimate of $4.23 by $0.39. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The business had revenue of $412.12 million for the quarter, compared to analyst estimates of $418.32 million. On average, sell-side analysts expect that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal year.

Kinsale Capital Group Increases Dividend

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