Virtu Financial LLC Takes Position in Kinsale Capital Group, Inc. (NYSE:KNSL)

Virtu Financial LLC purchased a new stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,625 shares of the financial services provider's stock, valued at approximately $1,221,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. boosted its holdings in Kinsale Capital Group by 11.7% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 200 shares of the financial services provider's stock worth $93,000 after buying an additional 21 shares in the last quarter. Ballentine Partners LLC boosted its stake in shares of Kinsale Capital Group by 4.6% during the 4th quarter. Ballentine Partners LLC now owns 573 shares of the financial services provider's stock worth $267,000 after acquiring an additional 25 shares in the last quarter. Caprock Group LLC grew its holdings in shares of Kinsale Capital Group by 1.7% in the 4th quarter. Caprock Group LLC now owns 1,653 shares of the financial services provider's stock worth $769,000 after acquiring an additional 28 shares during the last quarter. Fielder Capital Group LLC raised its position 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 worth $277,000 after purchasing an additional 31 shares during the period. Finally, CIBC Asset Management Inc lifted its holdings in shares of Kinsale Capital Group by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 716 shares of the financial services provider's stock valued at $333,000 after purchasing an additional 36 shares during the last quarter. Institutional investors own 85.36% of the company's stock.

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Kinsale Capital Group Stock Up 1.3 %

KNSL traded up $6.20 during midday trading on Thursday, hitting $486.61. 118,237 shares of the company's stock traded hands, compared to its average volume of 171,698. 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 company has a market cap of $11.33 billion, a PE ratio of 27.35, a price-to-earnings-growth ratio of 1.66 and a beta of 1.25. The stock's fifty day simple moving average is $450.50 and its 200-day simple moving average is $460.69. Kinsale Capital Group, Inc. has a one year low of $355.12 and a one year high of $534.67.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last released its quarterly 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. The business had revenue of $412.12 million for the quarter, compared to the consensus estimate of $418.32 million. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. As a group, equities analysts anticipate 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 disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were issued 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 was Thursday, February 27th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.14%. Kinsale Capital Group's dividend payout ratio is currently 3.82%.

Analyst Ratings Changes

A number of research firms have recently issued reports on KNSL. JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a report on Friday, February 14th. Morgan Stanley cut their target price on shares of Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating on the stock in a research note on Friday, February 14th. Truist Financial raised their target price 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. JPMorgan Chase & Co. dropped their price target on Kinsale Capital Group from $415.00 to $412.00 and set a "neutral" rating on the stock in a research report on Friday, January 3rd. Finally, 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. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $468.56.

Kinsale Capital Group 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.