Principal Financial Group Inc. Has $42.72 Million Stock Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Principal Financial Group Inc. decreased its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 11.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 91,763 shares of the financial services provider's stock after selling 12,282 shares during the quarter. Principal Financial Group Inc. owned about 0.39% of Kinsale Capital Group worth $42,721,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in KNSL. Janney Montgomery Scott LLC increased its holdings in shares of Kinsale Capital Group by 113.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 4,094 shares of the financial services provider's stock worth $2,148,000 after acquiring an additional 2,172 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Kinsale Capital Group by 249.2% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 5,350 shares of the financial services provider's stock worth $2,061,000 after acquiring an additional 3,818 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Kinsale Capital Group by 44.3% during the 1st quarter. Russell Investments Group Ltd. now owns 37,328 shares of the financial services provider's stock worth $19,588,000 after acquiring an additional 11,451 shares during the last quarter. Swedbank AB acquired a new position in shares of Kinsale Capital Group during the 2nd quarter worth approximately $15,430,000. Finally, QRG Capital Management Inc. acquired a new position in shares of Kinsale Capital Group during the 2nd quarter worth approximately $503,000. Institutional investors and hedge funds own 85.36% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on KNSL shares. Truist Financial decreased their target price on Kinsale Capital Group from $530.00 to $500.00 and set a "buy" rating on the stock in a report on Monday, October 28th. Wolfe Research raised Kinsale Capital Group from a "peer perform" rating to an "outperform" rating and set a $535.00 target price on the stock in a report on Monday, October 28th. Jefferies Financial Group upped their price objective on Kinsale Capital Group from $444.00 to $471.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Royal Bank of Canada decreased their price objective on Kinsale Capital Group from $480.00 to $475.00 and set a "sector perform" rating on the stock in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. decreased their price objective on Kinsale Capital Group from $426.00 to $420.00 and set a "neutral" rating on the stock in a report on Thursday, October 10th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Kinsale Capital Group has an average rating of "Hold" and an average target price of $455.88.

Kinsale Capital Group Price Performance

Shares of NYSE:KNSL traded up $20.83 during trading on Monday, reaching $477.19. 159,746 shares of the company traded hands, compared to its average volume of 175,295. The company's 50 day moving average is $458.38 and its two-hundred day moving average is $426.37. The firm has a market capitalization of $11.11 billion, a PE ratio of 26.86, a PEG ratio of 1.97 and a beta of 1.09. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.13. Kinsale Capital Group, Inc. has a 52 week low of $325.01 and a 52 week high of $548.47.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its earnings results on Thursday, October 24th. The financial services provider reported $4.20 earnings per share for the quarter, beating analysts' consensus estimates of $3.60 by $0.60. The firm had revenue of $418.06 million during the quarter, compared to the consensus estimate of $359.43 million. Kinsale Capital Group had a return on equity of 28.87% and a net margin of 26.80%. The company's revenue was up 33.0% compared to the same quarter last year. During the same period in the prior year, the company posted $3.31 EPS. As a group, sell-side analysts predict that Kinsale Capital Group, Inc. will post 15.52 earnings per share for the current year.

Kinsale Capital Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a $0.15 dividend. The ex-dividend date was Thursday, August 29th. This represents a $0.60 annualized dividend and a yield of 0.13%. Kinsale Capital Group's dividend payout ratio is presently 3.42%.

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.