Proficio Capital Partners LLC Makes New Investment in Kinsale Capital Group, Inc. (NYSE:KNSL)

Proficio Capital Partners LLC bought a new stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 49,304 shares of the financial services provider's stock, valued at approximately $22,933,000. Proficio Capital Partners LLC owned 0.21% of Kinsale Capital Group at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Kinsale Capital Group in the 4th quarter valued at approximately $25,000. Bank of Jackson Hole Trust bought a new stake in Kinsale Capital Group during the fourth quarter worth approximately $31,000. Allworth Financial LP boosted its position in Kinsale Capital Group by 450.0% during the fourth quarter. Allworth Financial LP now owns 88 shares of the financial services provider's stock worth $39,000 after purchasing an additional 72 shares during the period. SBI Securities Co. Ltd. bought a new stake in Kinsale Capital Group during the fourth quarter worth approximately $46,000. Finally, UMB Bank n.a. boosted its position in Kinsale Capital Group by 67.2% during the fourth quarter. UMB Bank n.a. now owns 102 shares of the financial services provider's stock worth $47,000 after purchasing an additional 41 shares during the period. Institutional investors and hedge funds own 85.36% of the company's stock.

Kinsale Capital Group Stock Performance

Shares of NYSE KNSL traded down $5.27 during trading hours on Tuesday, reaching $451.43. The stock had a trading volume of 92,470 shares, compared to its average volume of 169,897. The business's fifty day moving average is $444.13 and its two-hundred day moving average is $460.94. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09. The company has a market cap of $10.51 billion, a price-to-earnings ratio of 25.38, a PEG ratio of 1.66 and a beta of 1.25. Kinsale Capital Group, Inc. has a twelve month low of $355.12 and a twelve month high of $536.84.

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Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its earnings results on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, beating analysts' consensus estimates of $4.23 by $0.39. The business had revenue of $412.12 million during the quarter, compared to analyst estimates of $418.32 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. As a group, research analysts expect that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were paid a dividend of $0.17 per share. This is a positive change from Kinsale Capital Group's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 0.15%. The ex-dividend date was Thursday, February 27th. Kinsale Capital Group's dividend payout ratio is currently 3.82%.

Analyst Upgrades and Downgrades

KNSL has been the subject of a number of recent analyst reports. Truist Financial upped their target price on Kinsale Capital Group from $480.00 to $525.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. BMO Capital Markets upped their target price on Kinsale Capital Group from $445.00 to $461.00 and gave the stock a "market perform" rating in a research report on Thursday, November 21st. Morgan Stanley reduced their price objective 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. JPMorgan Chase & Co. reduced their price objective on Kinsale Capital Group from $415.00 to $412.00 and set a "neutral" rating for the company in a research report on Friday, January 3rd. Finally, JMP Securities reissued a "market perform" rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $468.56.

Kinsale Capital Group 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.