Tower Research Capital LLC TRC Has $1.29 Million Stock Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Tower Research Capital LLC TRC raised its position in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 315.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,767 shares of the financial services provider's stock after acquiring an additional 2,101 shares during the period. Tower Research Capital LLC TRC's holdings in Kinsale Capital Group were worth $1,287,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Barclays PLC raised its position in Kinsale Capital Group by 34.4% in the third quarter. Barclays PLC now owns 11,772 shares of the financial services provider's stock worth $5,480,000 after purchasing an additional 3,014 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Kinsale Capital Group in the 3rd quarter worth approximately $398,000. Franklin Resources Inc. lifted its position in shares of Kinsale Capital Group by 14.3% during the 3rd quarter. Franklin Resources Inc. now owns 97,120 shares of the financial services provider's stock worth $45,869,000 after buying an additional 12,125 shares during the period. GAMMA Investing LLC boosted its stake in Kinsale Capital Group by 39.7% in the 4th quarter. GAMMA Investing LLC now owns 521 shares of the financial services provider's stock valued at $242,000 after buying an additional 148 shares in the last quarter. Finally, Everence Capital Management Inc. bought a new stake in Kinsale Capital Group in the fourth quarter valued at $265,000. Institutional investors own 85.36% of the company's stock.

Analyst Ratings Changes

KNSL has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced 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. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $500.00 price objective on shares of Kinsale Capital Group in a research note on Tuesday, February 18th. JMP Securities reiterated a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Truist Financial increased their price target 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, Morgan Stanley dropped their price target on Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $468.56.

Kinsale Capital Group Stock Up 0.9 %

Shares of KNSL opened at $492.05 on Thursday. The business's fifty day moving average price is $459.85 and its two-hundred day moving average price is $463.02. The firm has a market capitalization of $11.45 billion, a price-to-earnings ratio of 27.66, a PEG ratio of 1.66 and a beta of 1.16. Kinsale Capital Group, Inc. has a 52 week low of $355.12 and a 52 week 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.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share (EPS) 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 analysts' expectations of $418.32 million. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. On average, analysts predict that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Increases Dividend

The firm also recently declared 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 is a boost from Kinsale Capital Group's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.68 annualized dividend and a dividend yield of 0.14%. Kinsale Capital Group's 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.

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