Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Acquired by Sei Investments Co.

Sei Investments Co. lifted its stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 4.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 91,042 shares of the financial services provider's stock after buying an additional 3,620 shares during the quarter. Sei Investments Co. owned approximately 0.39% of Kinsale Capital Group worth $42,351,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. American Century Companies Inc. grew its position in Kinsale Capital Group by 8.8% during the fourth quarter. American Century Companies Inc. now owns 154,168 shares of the financial services provider's stock valued at $71,709,000 after buying an additional 12,490 shares during the period. Virtu Financial LLC acquired a new stake in shares of Kinsale Capital Group during the 4th quarter valued at about $1,221,000. Quantbot Technologies LP purchased a new position in shares of Kinsale Capital Group in the 4th quarter valued at about $1,847,000. Whittier Trust Co. of Nevada Inc. raised its holdings in Kinsale Capital Group by 11.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 200 shares of the financial services provider's stock worth $93,000 after purchasing an additional 21 shares during the period. Finally, Whittier Trust Co. raised its stake in shares of Kinsale Capital Group by 6.8% during the 4th quarter. Whittier Trust Co. now owns 782 shares of the financial services provider's stock worth $364,000 after buying an additional 50 shares during the period. 85.36% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Morgan Stanley decreased their price target 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. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $500.00 price target on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. Truist Financial lifted their target price on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. cut their price objective 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, JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a 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. According to MarketBeat, Kinsale Capital Group presently has a consensus rating of "Hold" and a consensus price target of $468.56.

Kinsale Capital Group Stock Performance

Shares of KNSL stock traded down $4.58 during mid-day trading on Friday, hitting $482.17. 106,207 shares of the stock were exchanged, compared to its average volume of 175,001. Kinsale Capital Group, Inc. has a 12-month low of $355.12 and a 12-month high of $531.79. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a market capitalization of $11.22 billion, a price-to-earnings ratio of 27.10, a P/E/G ratio of 1.66 and a beta of 1.25. The stock's fifty day simple moving average is $452.38 and its two-hundred day simple moving average is $460.98.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its quarterly earnings data 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 company 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, analysts forecast that Kinsale Capital Group, Inc. will post 17.72 EPS for the current year.

Kinsale Capital Group Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.68 dividend on an annualized basis and a yield of 0.14%. This is an increase from Kinsale Capital Group's previous quarterly dividend of $0.15. Kinsale Capital Group's dividend payout ratio is presently 3.82%.

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.