Royal London Asset Management Ltd. Has $149.98 Million Stock Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Royal London Asset Management Ltd. lowered its stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 5.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 322,438 shares of the financial services provider's stock after selling 19,671 shares during the period. Royal London Asset Management Ltd. owned 1.38% of Kinsale Capital Group worth $149,976,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Handelsbanken Fonder AB lifted its position in shares of 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 buying an additional 64,900 shares during the last quarter. Westfield Capital Management Co. LP lifted its stake in Kinsale Capital Group by 65.3% in the third quarter. Westfield Capital Management Co. LP now owns 149,217 shares of the financial services provider's stock valued at $69,471,000 after buying an additional 58,971 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Kinsale Capital Group during the fourth quarter valued at $22,933,000. DAVENPORT & Co LLC grew its position in shares of 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 worth $238,193,000 after acquiring an additional 44,931 shares during the last quarter. Finally, Erste Asset Management GmbH acquired a new stake in shares of Kinsale Capital Group in the 3rd quarter worth about $18,599,000. Institutional investors and hedge funds own 85.36% of the company's stock.

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Kinsale Capital Group Price Performance

Kinsale Capital Group stock traded up $11.94 during midday trading on Monday, hitting $481.98. The company's stock had a trading volume of 164,570 shares, compared to its average volume of 171,428. Kinsale Capital Group, Inc. has a 12 month low of $355.12 and a 12 month high of $536.84. 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 market capitalization of $11.22 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 1.66 and a beta of 1.25. The stock's 50-day moving average price is $447.17 and its 200-day moving average price is $460.26.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced its quarterly earnings data 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. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. The company had revenue of $412.12 million for the quarter, compared to analysts' expectations of $418.32 million. Analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current fiscal 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 given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date was Thursday, February 27th. This is an increase from Kinsale Capital Group's previous quarterly dividend of $0.15. Kinsale Capital Group's dividend payout ratio is 3.82%.

Analyst Upgrades and Downgrades

KNSL has been the subject of several recent analyst reports. 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. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $500.00 target price on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. JMP Securities reissued a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. 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, Morgan Stanley decreased their target price on shares of 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. Eight 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.com, the company currently has a consensus rating of "Hold" and a consensus price target of $468.56.

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.