Trexquant Investment LP Has $409,000 Stock Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Trexquant Investment LP trimmed its stake in Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 69.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 880 shares of the financial services provider's stock after selling 2,015 shares during the quarter. Trexquant Investment LP's holdings in Kinsale Capital Group were worth $409,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of KNSL. Quantinno Capital Management LP raised its position in shares of Kinsale Capital Group by 13.9% in the 3rd quarter. Quantinno Capital Management LP now owns 943 shares of the financial services provider's stock worth $439,000 after buying an additional 115 shares during the period. Nomura Asset Management Co. Ltd. purchased a new position in shares of Kinsale Capital Group in the 3rd quarter worth about $270,000. Barclays PLC raised its holdings in shares of Kinsale Capital Group by 34.4% in the 3rd 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 during the period. Geode Capital Management LLC lifted its stake in shares of Kinsale Capital Group by 5.9% in the 3rd quarter. Geode Capital Management LLC now owns 528,708 shares of the financial services provider's stock valued at $246,810,000 after purchasing an additional 29,686 shares in the last quarter. Finally, Coldstream Capital Management Inc. grew its holdings in shares of Kinsale Capital Group by 5.4% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,444 shares of the financial services provider's stock worth $672,000 after purchasing an additional 74 shares during the period. Institutional investors and hedge funds own 85.36% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Truist Financial lifted their price target on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. decreased their price target on shares of 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. Morgan Stanley lowered 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. JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a research note on Friday, February 14th. Finally, Royal Bank of Canada restated 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. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $468.56.

Kinsale Capital Group Stock Performance

Kinsale Capital Group stock traded up $3.36 during midday trading on Thursday, reaching $487.01. 88,111 shares of the stock traded hands, compared to its average volume of 174,984. Kinsale Capital Group, Inc. has a fifty-two week low of $355.12 and a fifty-two week high of $531.79. The firm has a market cap of $11.34 billion, a price-to-earnings ratio of 27.38, a PEG ratio of 1.66 and a beta of 1.16. The firm has a fifty day moving average price of $458.85 and a two-hundred day moving average price of $462.72. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12.

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, beating the consensus estimate 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 net margin of 26.13% and a return on equity of 28.04%. On average, equities research analysts forecast 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 disclosed 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 positive change 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 dividend payout ratio (DPR) is 3.82%.

About Kinsale Capital Group

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.