Townsquare Capital LLC Buys 1,459 Shares of Kinsale Capital Group, Inc. (NYSE:KNSL)

Townsquare Capital LLC raised its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 23.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,776 shares of the financial services provider's stock after purchasing an additional 1,459 shares during the period. Townsquare Capital LLC's holdings in Kinsale Capital Group were worth $3,617,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Treasurer of the State of North Carolina grew its holdings in Kinsale Capital Group by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 9,680 shares of the financial services provider's stock valued at $4,502,000 after buying an additional 55 shares during the last quarter. Bessemer Group Inc. increased its position in Kinsale Capital Group by 4.0% during the fourth quarter. Bessemer Group Inc. now owns 58,383 shares of the financial services provider's stock worth $27,157,000 after acquiring an additional 2,254 shares during the period. Raymond James Financial Inc. acquired a new position in Kinsale Capital Group during the 4th quarter valued at $18,323,000. Advisory Services Network LLC boosted its holdings in Kinsale Capital Group by 21.4% in the 4th quarter. Advisory Services Network LLC now owns 12,679 shares of the financial services provider's stock valued at $5,897,000 after purchasing an additional 2,233 shares during the period. Finally, Renaissance Group LLC grew its position in Kinsale Capital Group by 13.1% in the 4th quarter. Renaissance Group LLC now owns 10,347 shares of the financial services provider's stock worth $4,813,000 after purchasing an additional 1,196 shares during the last quarter. Institutional investors own 85.36% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on KNSL. Truist Financial lifted 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 note on Tuesday, February 18th. Morgan Stanley dropped their price target 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. JPMorgan Chase & Co. lowered their price objective on 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 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. Finally, JMP Securities reissued 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 given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $468.56.

Kinsale Capital Group Trading Up 0.7 %

KNSL traded up $3.36 during midday trading on Friday, reaching $487.01. 88,133 shares of the company were exchanged, compared to its average volume of 175,063. The stock's 50-day simple moving average is $458.88 and its 200 day simple moving average is $462.87. The stock has a market capitalization of $11.34 billion, a P/E ratio of 27.38, a PEG ratio of 1.66 and a beta of 1.16. Kinsale Capital Group, Inc. has a one year low of $355.12 and a one year 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 issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, topping the consensus estimate of $4.23 by $0.39. Kinsale Capital Group had a return on equity of 28.04% and a net margin of 26.13%. The business had revenue of $412.12 million for the quarter, compared to the consensus estimate of $418.32 million. As a group, analysts forecast 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 announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were paid a $0.17 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This is a positive change from Kinsale Capital Group's previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 0.14%. 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.