Renaissance Group LLC Purchases 1,196 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Renaissance Group LLC grew its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 13.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,347 shares of the financial services provider's stock after purchasing an additional 1,196 shares during the quarter. Renaissance Group LLC's holdings in Kinsale Capital Group were worth $4,813,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in Kinsale Capital Group during the fourth quarter valued at approximately $89,200,000. Alliancebernstein L.P. boosted its holdings in shares of Kinsale Capital Group by 486.3% during the 4th 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 period. Premier Fund Managers Ltd grew its stake in Kinsale Capital Group by 20,286.0% in the 4th quarter. Premier Fund Managers Ltd now owns 104,784 shares of the financial services provider's stock valued at $48,813,000 after buying an additional 104,270 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in Kinsale Capital Group by 1,119.0% in the 4th quarter. Handelsbanken Fonder AB now owns 70,700 shares of the financial services provider's stock worth $32,885,000 after acquiring an additional 64,900 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in Kinsale Capital Group during the 4th quarter worth $22,933,000. Institutional investors and hedge funds own 85.36% of the company's stock.

Kinsale Capital Group Stock Performance

Kinsale Capital Group stock traded up $3.56 on Friday, hitting $481.79. The company's stock had a trading volume of 107,412 shares, compared to its average volume of 175,702. Kinsale Capital Group, Inc. has a one year low of $355.12 and a one year high of $531.79. The firm has a market cap of $11.21 billion, a P/E ratio of 27.08, a price-to-earnings-growth ratio of 1.66 and a beta of 1.16. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12. The company has a fifty day moving average price of $459.17 and a 200-day moving average price of $462.25.

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

Kinsale Capital Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders 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. This represents a $0.68 annualized dividend and a dividend yield of 0.14%. The ex-dividend date was Thursday, February 27th. Kinsale Capital Group's dividend payout ratio is currently 3.82%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. 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 research report on Friday, January 3rd. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $500.00 target price on shares of Kinsale Capital Group in a report on Tuesday, February 18th. JMP Securities reiterated a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Morgan Stanley lowered their price objective on shares of Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating on the stock in a research note on Friday, February 14th. Finally, Truist Financial upped their target price on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target 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.