Russell Investments Group Ltd. Has $9.13 Million Stake in Kinsale Capital Group, Inc. (NYSE:KNSL)

Russell Investments Group Ltd. trimmed its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 15.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,633 shares of the financial services provider's stock after selling 3,492 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.08% of Kinsale Capital Group worth $9,133,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Kinsale Capital Group in the fourth quarter worth $25,000. Bank of Jackson Hole Trust purchased a new stake in shares of Kinsale Capital Group in the fourth quarter worth $31,000. Larson Financial Group LLC grew its stake in shares of Kinsale Capital Group by 7,400.0% during the fourth quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider's stock valued at $35,000 after buying an additional 74 shares during the last quarter. Allworth Financial LP grew its holdings in Kinsale Capital Group by 450.0% in the 4th quarter. Allworth Financial LP now owns 88 shares of the financial services provider's stock worth $39,000 after acquiring an additional 72 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Kinsale Capital Group during the 4th quarter valued at $46,000. Institutional investors own 85.36% of the company's stock.

Kinsale Capital Group Trading Down 0.3 %

Shares of KNSL stock traded down $1.29 on Thursday, reaching $482.36. 17,319 shares of the stock were exchanged, compared to its average volume of 174,720. The stock has a market cap of $11.23 billion, a P/E ratio of 27.17, a price-to-earnings-growth ratio of 1.66 and a beta of 1.16. Kinsale Capital Group, Inc. has a 1-year low of $355.12 and a 1-year high of $531.79. 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 firm has a 50 day moving average of $458.85 and a two-hundred day moving average of $462.72.

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 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 during the quarter, compared to analyst estimates of $418.32 million. On average, research analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders 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%. This is an increase from Kinsale Capital Group's previous quarterly dividend of $0.15. The ex-dividend date was Thursday, February 27th. Kinsale Capital Group's payout ratio is 3.82%.

Analyst Ratings Changes

KNSL has been the subject of several research reports. JMP Securities reaffirmed a "market perform" rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Royal Bank of Canada restated a "sector perform" rating and set a $500.00 target price on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. Morgan Stanley dropped their target price 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. dropped their target price on shares of Kinsale Capital Group from $415.00 to $412.00 and set a "neutral" rating on the stock in a research note on Friday, January 3rd. Finally, Truist Financial upped their price target 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. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Kinsale Capital Group presently has a consensus rating of "Hold" and a consensus price target 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.