Kinsale Capital Group, Inc. (NYSE:KNSL) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN lessened its stake in shares of Kinsale Capital Group, Inc. (NYSE:KNSL - Free Report) by 7.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,789 shares of the financial services provider's stock after selling 2,087 shares during the period. Wells Fargo & Company MN owned about 0.11% of Kinsale Capital Group worth $11,995,000 as of its most recent SEC filing.

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

Kinsale Capital Group Trading Up 0.7 %

NYSE:KNSL traded up $3.36 during trading hours on Friday, reaching $487.01. 88,133 shares of the stock were exchanged, compared to its average volume of 175,063. Kinsale Capital Group, Inc. has a twelve month low of $355.12 and a twelve month high of $531.79. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average of $458.88 and a two-hundred day moving average of $462.87. The company has a market capitalization of $11.34 billion, a price-to-earnings ratio of 27.38, a PEG ratio of 1.66 and a beta of 1.16.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last announced its quarterly earnings data 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. 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 analysts' expectations of $418.32 million. On average, equities analysts predict that Kinsale Capital Group, Inc. will post 17.72 EPS 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 issued a $0.17 dividend. 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%. This is an increase from Kinsale Capital Group's previous quarterly dividend of $0.15. Kinsale Capital Group's dividend payout ratio is presently 3.82%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. 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. JPMorgan Chase & Co. reduced 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. 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 research report on Friday, February 14th. Truist Financial raised 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. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $468.56.

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.