Vanguard Group Inc. Boosts Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Vanguard Group Inc. grew its position in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,113,683 shares of the financial services provider's stock after purchasing an additional 29,553 shares during the period. Vanguard Group Inc. owned approximately 9.08% of Kinsale Capital Group worth $983,137,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in KNSL. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Kinsale Capital Group during the 4th quarter valued at approximately $25,000. Bank of Jackson Hole Trust purchased a new position in shares of Kinsale Capital Group in the fourth quarter valued at $31,000. Larson Financial Group LLC increased its position in Kinsale Capital Group by 7,400.0% in the fourth quarter. Larson Financial Group LLC now owns 75 shares of the financial services provider's stock worth $35,000 after purchasing an additional 74 shares during the last quarter. Allworth Financial LP raised its stake in Kinsale Capital Group by 450.0% during the fourth quarter. Allworth Financial LP now owns 88 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 72 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in Kinsale Capital Group during the fourth quarter valued at $46,000. 85.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on KNSL shares. JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Royal Bank of Canada restated a "sector perform" rating and set a $500.00 price objective on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. Truist Financial lifted their target price on Kinsale Capital Group from $480.00 to $525.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Morgan Stanley cut their target price on Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Kinsale Capital Group from $415.00 to $412.00 and set a "neutral" rating for the company in a research note on Friday, January 3rd. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $468.56.

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Kinsale Capital Group Trading Down 0.5 %

Shares of NYSE:KNSL traded down $2.46 on Tuesday, hitting $484.25. 76,188 shares of the company's stock were exchanged, compared to its average volume of 197,217. The business's 50 day simple moving average is $453.37 and its two-hundred day simple moving average is $461.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09. The stock has a market capitalization of $11.27 billion, a price-to-earnings ratio of 27.21, a price-to-earnings-growth ratio of 1.66 and a beta of 1.25. Kinsale Capital Group, Inc. has a 12 month low of $355.12 and a 12 month high of $531.79.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last issued its earnings results on Thursday, February 13th. The financial services provider reported $4.62 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $418.32 million. Analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal 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 $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.14%. The ex-dividend date was Thursday, February 27th. This is a boost from Kinsale Capital Group's previous quarterly dividend of $0.15. Kinsale Capital Group's dividend payout ratio is presently 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.