Steward Partners Investment Advisory LLC Increases Stake in Kinsale Capital Group, Inc. (NYSE:KNSL)

Steward Partners Investment Advisory LLC lifted its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 27.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,093 shares of the financial services provider's stock after buying an additional 1,105 shares during the period. Steward Partners Investment Advisory LLC's holdings in Kinsale Capital Group were worth $2,369,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Ballentine Partners LLC boosted its stake in shares of Kinsale Capital Group by 4.6% in the 4th quarter. Ballentine Partners LLC now owns 573 shares of the financial services provider's stock valued at $267,000 after purchasing an additional 25 shares in the last quarter. Caprock Group LLC boosted its position in Kinsale Capital Group by 1.7% during the fourth quarter. Caprock Group LLC now owns 1,653 shares of the financial services provider's stock valued at $769,000 after buying an additional 28 shares during the period. Fielder Capital Group LLC grew its stake in shares of Kinsale Capital Group by 5.5% during the fourth quarter. Fielder Capital Group LLC now owns 595 shares of the financial services provider's stock valued at $277,000 after buying an additional 31 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Kinsale Capital Group by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 716 shares of the financial services provider's stock worth $333,000 after buying an additional 36 shares during the period. Finally, Fifth Third Wealth Advisors LLC lifted its stake in shares of Kinsale Capital Group by 5.1% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 763 shares of the financial services provider's stock valued at $355,000 after acquiring an additional 37 shares during the last quarter. Institutional investors own 85.36% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. BMO Capital Markets raised their price target 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. Royal Bank of Canada reissued a "sector perform" rating and issued a $500.00 target price on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. JPMorgan Chase & Co. lowered their price target 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. Truist Financial lifted their price objective 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. Finally, JMP Securities reiterated a "market perform" rating on shares of Kinsale Capital Group in a 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. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $468.56.

Insider Buying and Selling

In related news, EVP Diane D. Schnupp sold 500 shares of Kinsale Capital Group stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $510.00, for a total value of $255,000.00. Following the completion of the sale, the executive vice president now directly owns 6,994 shares in the company, valued at approximately $3,566,940. This trade represents a 6.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.60% of the stock is owned by company insiders.

Kinsale Capital Group Stock Up 1.6 %

KNSL stock traded up $7.09 on Tuesday, reaching $456.13. 164,611 shares of the company traded hands, compared to its average volume of 171,727. The firm has a fifty day simple moving average of $443.66 and a 200-day simple moving average of $462.13. The company has a market cap of $10.62 billion, a P/E ratio of 25.64, a price-to-earnings-growth ratio of 1.66 and a beta of 1.25. Kinsale Capital Group, Inc. has a one year low of $355.12 and a one year high of $536.84. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09.

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

Kinsale Capital Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.15%. The ex-dividend date is 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 currently 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.